Mortgages

During 2022, the lender, which had a little over 300 employees, reduced its headcount by about 10%.

The title insurer was the third of the big four companies to come to an agreement with New York Attorney General Letitia James in an ongoing investigation.

The new foreclosure prevention option will be available for servicers' use on a voluntary basis starting on July 1 and will become mandatory in situations where it's appropriate for borrowers beginning Oct. 1.

Purchase applications increased again, but changes in home prices and interest rates are bringing only limited affordability relief.

The National Association of Realtors' index of contract signings to purchase previously owned homes increased 0.8% last month to 83.2.

Convicted former MBA Chairman Ron McCord and his Oklahoma-based company settled CapLoc's allegations that they put fraudulent loans on a funding line.

In total, around 98,000 loans with a principal balance of $31.8 billion are in the cover pools for the two new insurance-based transactions.

The company's rejection of the plan cost the homeowners a competitive rate last year as interest rates soared, their attorney alleged.

If the proposal goes into effect, lenders and servicers will have to provide more detailed information about the makeup of their organization, as well as any incidents that are impacting their financial wherewithal.

The related rewards are targeted to both new homebuyers and existing mortgage servicing clients.

Home prices nationally fell 0.2% from December, according to seasonally adjusted data from S&P CoreLogic Case-Shiller.

The primary cause is agency put-backs and fixing the problems is difficult in a rising rate environment.

Almost twice as many homes on sale in February saw a reduction in housing costs compared to a year ago, as elevated interest rates limit how much buyers can afford.

A bill passed related to broker engagement contracts is similar to Utah's and North Dakota's, according to the American Land Title Association.

The requirement to use supplies made in this country will negatively affect home affordability, according to a coalition of 24 groups and individuals led by National Housing Coalition.

Fewer than 200 staffers were offered different roles in other parts of the company while a handful, including some loan officers, were let go.

For many, rates could be higher, but borrowers with lower down payments and credit scores could get new government-sponsored enterprise discounts competitive with the FHA's lower premium.

The company asserts that a settlement in a different case already released the claims at issue related to representations made in the Home Affordable Modification Program.