Mortgages

Non-depositories in the business also will have to submit annual reports and retain records for four years after they stop servicing the loan.

In its initial message to the new head of the Consumer Financial Protection Bureau, the Community Home Lenders Association reiterated its call to require depository loan officers to be licensed.

The Federal Housing Administration changes are effective immediately with a mandatory Dec. 31 compliance deadline, according to an information bulletin published Sept. 30.

Both third-party lenders will purchase conforming loans with balances of $625,000 — 14% higher than the current limit — in anticipation of regulators' action.

Although over 1.5 million forborne borrowers remain, a fifth could exit their plan in the next week, according to Black Knight.

While PLS loans still represent a sliver of the overall mortgage market and are nowhere near the $1 trillion level seen before the Great Recession, issuance jumped markedly this year.

More for-sale homes hit the market than at any point this year but a turning point may lie ahead, according to Realtor.com.

Eligible low and moderate income borrowers can get up to $25,000 to help construct granny flats as part of the state's efforts to increase affordable housing.

More than 19% of the related loans are early buyouts from securitized pools, and the deal is one example of growing bulk sales activity in the market.

Taper announcement, slowing COVID cases help remove downward pressure, leading to increases across all loan-term types.

The Federal Housing Finance Agency agreed to rework and improve procedures for regulatory communication about issues like servicing lapses in response to a recent inspector general audit.

The home price increases and the ongoing inventory shortage made buying conditions difficult and many think it’s only getting more challenging, according to RealtyTrac.

CIM is secured by home loans making the most of second chances, and borrowers retaining their homes throughout several economic dips.

As applications dropped, average loan sizes grew, with the purchase amount hitting its highest level since May.

A gauge of U.S. pending home sales rebounded in August to a seven-month high as prospective buyers welcomed more attractive pricing and additional inventory.

The sharp increases of the pandemic era have added nearly a year to the amount of time the average consumer needs to save for a 20% down payment, according to Tomo.

The purchase of The Commodore Group facilitates the Phoenix-based company’s expansion into the Northeast market and adds to its presence in the Midwest and Mid-Atlantic.

Sara Avery previously worked for Common Securitization Solutions, which manages the issuance of the two government-sponsored enterprises’ bonds, including their uniform mortgage-backed security.

The U.S. housing market has been on fire, with the pandemic fueling intense demand for suburban homes. A shortage of affordable properties has pushed up prices and kept some potential buyers on the sidelines.

Federal Reserve officials reinforced the U.S. central bank’s message that it would probably begin winding down its bond-buying program soon, though the economic recovery still had a way to go before interest rate increases would be appropriate.