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At long last — and over banks' protests — CRA reform is afoot -
Banks urge regulators to delay CRA final rule -
In debate over appraisal bias, rival researchers clash over key data -
CFPB to propose rule reining in consumer data sales -
FDIC: Office loans, nonbank financing, cybersecurity are top bank risks
- Sep 9-10, 2024|San Diego, CA
The cost of a credit score is $3.25, but could balloon to the $5 range in 2025.
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The industry leader is the third wholesale competitor to allow larger mortgages months ahead of the government's official announcement.
September 18
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Fannie Mae's economists are pessimistic about the future for existing home sales, reducing its purchase volume outlook in both 2024 and 2025.
September 18
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Refinance activity is up 127% year-over-year as interest rates dipped closer to 6%.
September 18
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A blog post from the Consumer Financial Protection Bureau cited data from the pandemic refi boom to show Blacks and Hispanics had limited opportunity to drop their interest rate.
September 18
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Changes to the Manufactured Home Construction and Safety Standards include allowing the building of two-to-four family units on a permanent basis.
September 17
Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.
These are the best of the best, the nation's 50 most productive mortgage originators by dollar volume.
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Specialized Loan Servicing allegedly charged borrowers $7.50 for processing mortgage payments made by phone. Most servicers, including Newrez, have axed this fee.
September 27
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Democratic Gov. Gavin Newsom signed measures designed to bolster consumer protection rules. The bills target several issues that have also been percolating at the federal level.
September 26
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The 13 largest homeowners insurance underwriters denied almost half of their climate-related claims last year, adding to property owner and mortgage servicer woes.
September 26
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New single-family home sales decreased 4.7% last month to an annualized rate of 716,000 after rising at the fastest pace since early 2022, government data showed Wednesday.
September 26
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"A slight upward turn reflects a modest improvement in housing affordability, primarily because mortgage rates descended to 6.5% in August," NAR Chief Economist Lawrence Yun said in a prepared statement.
September 26
