Lending

Lending (1514)

Would End to Single-Family Zoning Fix Housing Affordability?

Abolishing single-family zoning could be a solution for the lack of an adequate supply of entry-level homes, conservative think tank American Enterprise Institute said in a new MarketWatch op-ed. Read more...

Q3 Home Equity Jumps 51%, or $457B

U.S. homeowners with mortgages saw their equity rise by 5.1% in the third quarter of 2019 from the same period a year earlier, representing an almost $457 billion gain. That’s according to CoreLogic’s latest Home Equity Report. Read more...

Mortgage Rates Rise Again, But for How Long?

While mortgage rates have trended upward over the past three months, it’s uncertain how much further they can go up without making homes look unaffordable. So reports MarketWatch. Read more...

Fed Holds Rates Steady, Signals Pause for 2020

The Federal Reserve kept interest rates unchanged at its December meeting and indicated no plans to cut them further in the year ahead. So reports CBS News. Read more...

Substantial Risk, Compliance Concerns Remain for U.S. Lenders: Survey

Notable regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions, according to results of Wolters Kluwer’s 2019 Regulatory & Risk Management Indicator survey. Read more...

Servicer Retention Rates Fall in Q3: Black Knight

After hitting an 18-year low in Q4 2018, refinance lending has nearly doubled (+94%) over the past three quarters. In Q3 2019, refinance lending hit its highest level in nearly three years. Read more...

Fannie, Freddie Name Common Securitization Solutions CEO

Fannie Mae and Freddie Mac have announced Anthony Renzi as the CEO of Common Securitization Solutions. So reports the Philadelphia Business Journal. Read more...

Millennial Refinances Hit Record High in October

The monthly share of refinances closed by millennials rose to a new high in October, according to the latest Ellie Mae Millennial Tracker report. Read more...

Jobs Growth Rebounds Strongly in November

A surprisingly great jobs reports for November has joined positive consumer sentiment, resilient spending and a soaring stock market as another positive sign for the U.S. economy amid concerns about a global slowdown. So reports CNBC. Read more...

Regulatory Panel Calls Out Nonbank Mortgage Lenders as Risk

The Financial Stability Oversight Council has called the rise of nonbank mortgage lenders and servicers a potential threat to financial stability. So reports Reuters. Read more...

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