Treasury Secretary Janet Yellen, in her capacity as chair of the Financial Stability Oversight Council, approved the passage of a new guidance that would invigorate the council's ability to...
Read MoreThe shockwaves from the recent real estate commissions verdict are still reverberating, and the impacts to the mortgage industry could be numerous. Three major real estate players face at least...
Read MoreTransUnion this week asked the Federal Housing Finance Agency to reconsider a plan to start making an optional reduction in the number of credit reports possible early next year. In...
Read MoreNon-bank originator Change Lending will continue to originate non-qualified mortgages (non-QMs) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep...
Read MoreThe Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for entities including mortgage companies. The 32-page report...
Read MoreCanada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say. The rise in...
Read MoreMortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields. This week alone, the 5-year Government of Canada...
Read MoreThe Federal Housing Administration (FHA) this week published a new draft version of a Mortgagee Letter (ML) containing a series of proposed changes to the Home Equity Conversion Mortgage...
Read MoreThe Federal Housing Administration (FHA) this week extended a moratorium on foreclosures on the island of Maui as the community continues to deal with the fallout of devastating wildfires...
Read MoreTexas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain technology systems including access to its online payment portal. “On October...
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