Mortgages

The problem in the sector boils down to a lack of portability of data, whether it’s digital or contained in documents, that can be trusted between parties, LoanLogics Chief Product Officer Dave Parker argues.

Mortgage rates remained at their lowest level ever this past week, even as 10-year Treasury yields stayed elevated compared to where they were in recent months.

The ongoing coronavirus pandemic has done nothing to quell the upward trajectory of home prices in Southern Nevada.

But existing deals are likely to experience issues resulting from higher defaults, faster prepayment speeds.

Many have assumed the high court would rule that presidents can fire the Federal Housing Finance Agency director at will. But during oral arguments in a case challenging the agency’s structure, some justices suggested they could stop short of such a decision.

The average per-loan profit margin remains incredibly strong, but the share of senior executives expecting it to fall has risen markedly.

Clear HOI — an encrypted, cloud-based tool that automates homeowners insurance underwriting — is getting released to the broader market by Rocket Mortgage’s sister company Nexsys Technologies.

The likelihood of a purchase-focused market in 2021 means it’s time to make time to improve operations, LodeStar Software Solutions CEO Jim Paolino says.

Mortgage application activity decreased 1.2% on a seasonally adjusted basis last week, but refinance volume picked up as interest rates reached a new survey low, according to the Mortgage Bankers Association.

The Consumer Financial Protection Bureau has taken a hands-off approach to servicers during the pandemic. But with forbearance plans set to expire and President-elect Biden likely to appoint new CFPB leadership, companies lacking aggressive plans to help borrowers could face tougher enforcement.

Fudge, who has served in the House since 2008, represents most of the majority-Black areas of Cleveland as well as part of Akron.

While distressed mortgage rates crept down overall, serious delinquencies still tripled year-ago rates in September, according to CoreLogic.

Whether Ginnie issuance increases in the future may depend in part on the extent to which the Biden administration wishes to tap the FHA to promote affordable housing and homeownership.

In November, more loan products were being offered both at the upper and lower ends of the market.

Despite an unpredictable year, one degree of normalcy has returned to Seattle-area home sales: In a dip typical of the winter season, fewer homes were on the market in November and fewer new sellers were listing.

The three companies agreed to pay a total of $74 million in remediation.

The surge of COVID-19 cases slowed economic recovery and hampered improvements in the forbearance rate, according to the Mortgage Bankers Association.

Recent Black Knight numbers put the average retention rate at a record low for the post-crisis period that followed the Great Recession.

The complaint dates back to 2014 state regulator examinations when the Dallas company was known as Nationstar.

Employment worries and the pandemic's ongoing obstacles for home buying wore down consumer confidence in November, according to Fannie Mae.