Serious delinquency rates, the measure of credit performance as well as an indicator of potential future defaults for single-family and multifamily guaranty books, were slower than in July. The conventional...
Read MoreExisting home sales decreased slightly by 0.7% in August to a seasonally adjusted annual rate of 4.04 million units. Sales fell in the South and West, while they increased...
Read MoreEquity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. EPM wants to help grow...
Read MoreThis statement from the Fed is classic Fed at work. The Fed has not helped its own cause here, as Austan Goolsbee, president and CEO of the Federal Reserve Bank...
Read MoreArtificial intelligence could help lenders navigate secondary market underwriting guidelines, but only if it is in line with the latest guidance from regulators.Developments like the Consumer Financial Protection Bureau's...
Read MoreThe recently completed $300 million-plus acquisition of Home Point Capital by Mr. Cooper provided an attractive opportunity to bolster the company’s existing mortgage servicing rights (MSR) portfolio, and it’s...
Read MoreThe Consumer Financial Protection Bureau (CFPB) has regulatory enforcement authority over the reverse mortgage industry at the national level, but does not use that authority sufficiently enough to guide...
Read MoreThe current reverse mortgage market conditions are not for the faint of heart. The current market is incredibly challenging and can certainly deflate the best originators out there. There...
Read MoreFleet Mortgages has cut rates on all five-year fixes across its three core ranges by 20 basis points. The buy-to-let specialist says the reductions — among its standard, limited company...
Read MoreClydesdale Bank has launched new customer products and cut selected rates by up to 35 basis points. The lender says its changes cover: New customer exclusives Professional purchase-only 85% loan to value...
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