Mortgages

The tool is designed to help lenders adjust their underwriting to address the growing faction of non-W2 employees, which is expected to make up half of the workforce by 2027.

A change in the relationship between fixed and adjustable loans has increased some consumers’ interest in the latter market.

Two large government-sponsored enterprises added a notification period for tenants in collateral properties on Wednesday while a trade group and public agencies stepped up efforts to connect renters with aid.

The bank produced $1 billion less in originations while its gain on sale fell 49 basis points from the first quarter.

Such applications have declined on an annual basis for the past three months, but overall weekly numbers increased due to a jump in refinances amid plummeting rates.

In the midst of ongoing discussions on how to better leverage analytics and digitize the home inspection process, there are some clear actions that we can take to reduce bias in the mortgage industry, writes the executive vice president of corporate strategy at Clear Capital.

The National Apartment Association claims that by the end of last year, more than 10 million delinquent tenants owed $57 billion in unpaid rent.

The MISMO protocols are aimed at ensuring nothing is lost in translation when information about billing, late payments and related processing moves to a new system.

States have the option of adopting the oversight framework issued by the Conference of State Bank Supervisors, which resembles capital and liquidity plan proposed by the Federal Housing Finance Agency.

The potential amendments could expand coverage but also add new record-keeping and systems requirements for large banks handling custodial accounts.

The very smallest banks, whose numbers shrank during the financial crisis, were most likely to express concern that the housing market will imperil the broader economy.

The company's Series A funding round, led by Sequoia Capital, added $165 million in capital, which will allow it to expand its home buying operations into more states.

U.S. home prices once again surged the most in more than 30 years.

Less than a year after a Series C capital raise, the title insurer formerly known as States Title is about to complete a merger with a special purpose acquisition company.

The acquirer will use the liquidation of a residential mortgage company’s assets to move several notches up in the rankings.

The average mortgage borrower has gotten a hometown discount when buying a property, as the rise of remote work allowed for migration away from large metropolitan areas, according to a Redfin report.

While federal regulators attempt to overhaul the Community Reinvestment Act for banks, Congress has shown little interest in applying it to other lenders. But recent moves in Illinois and New York have given some stakeholders hope that state lawmakers will pick up the slack.

Sales of new U.S. homes dropped unexpectedly in June to the lowest since April 2020, showing a further weakening in demand against a backdrop of elevated prices and tight supply.

The guarantor has for the first time proposed a risk-based capital requirement for companies not subject to other federal regulation. The industry says the plan, which would impose a heavy charge for servicing portfolios, could drive lenders away from government-backed programs.

Also: MeridianLink announces pricing of its IPO, mortgage rates fall following COVID-19 worries, FHFA change