Despite congressional efforts to "derail" his efforts to reform the mortgage application and settlement process, the secretary of Housing and Urban Development told the National Community Reinvestment Coalition March 12 that he still plans to issue a final rule in a few months."I am determined that we are going to see it through, and I think it is going to be a really good day for consumers," HUD Secretary Mel Martinez said. At a recent hearing, members of the House Small Business Committee complained loudly that HUD's proposal would allow large lenders to package settlement services and squeeze appraisers, title agents, closing attorneys, and others to work at the lowest price. The secretary said they did not seem to comprehend that the HUD proposal would help consumers understand the mortgage process and the costs involved so they don't become "victims" of junk fees and broker abuse. The HUD secretary told MortgageWire that the Small Business Committee hearing was "disappointing" and that the committee was "very antagonistic toward our story." He said he looks forward to testifying before the Senate Banking Committee on March 20 to explain how HUD's proposal will benefit consumers and increase homeownership.
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While existing home sales aren't measured in GDP, many of the things which come along with it are, and those are likely to start trending down, First American said.
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While foreclosure numbers in the first six months of this year were up compared to 2024, starts eased as the spring progressed, according to Attom.
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The merger of the firm's lending arm and Figure Markets is a reaction to a thawing regulatory environment.
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The legislation is a direct response to HUD's effective elimination of the PAVE task force and comes amid ongoing debates over DEI policies in the federal government.
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The Indiana loan officer was previously sued by Ruoff Mortgage for fraudulent originations it estimated would cost the company over $1 million to repurchase.
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The new arrangement will allow Blend customers to have access to Doma's artificial intelligence-powered instant decisioning title insurance technology.
July 18