VA Pauses Foreclosures for 6 Months The Department of Veterans Affairs has called a moratorium on foreclosures for veterans and servicemembers with VA-guaranteed loans until May 31, 2024. So reports NPR.
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Lending (1437)

Fidelity National Financial Fined $3.5M For No-Poach Deals

Fidelity National Financial Fined $3.5M For No-Poach Deals

Friday, 31 March 2023
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Fidelity National Financial has agreed to pay a $3.5 million fine to settle antitrust allegations over its “no poach” agreements, the New York state attorney general’s office has announced. So reports The Mortgage Note. Read more...
Bodnar of MMG: What Will It Take to Get Inflation Down to 2%?

Bodnar of MMG: What Will It Take to Get Inflation Down to 2%?

Friday, 31 March 2023
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Bill Bodnar of the Mortgage Market Guide shares his thoughts on the Fed and inflation. "The Core PCE Index came in light. What will it take for it to get to 2%?"   Read more...
Prepayments Rebound from All-Time Low: Black Knight

Prepayments Rebound from All-Time Low: Black Knight

Friday, 24 March 2023
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Prepayment activity (SMM) inched up to 0.35%, breaking a four-month streak of record lows, with relief likely to extend as the spring homebuying season takes hold, according to Black Knight. Read more...
Mortgage Banks’ Belt-Tightening Couldn’t Beat Volume Decline

Mortgage Banks’ Belt-Tightening Couldn’t Beat Volume Decline

Friday, 24 March 2023
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Most mortgage lenders bled cash in the fourth quarter, notwithstanding thoroughgoing attempts to cut costs. So reports The Real Deal. Read more...
CFPB Notches Appeals Win Ahead of Supreme Court Trip

CFPB Notches Appeals Win Ahead of Supreme Court Trip

Friday, 24 March 2023
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The Consumer Financial Protection Board has racked up a legal triumph as the Supreme Court prepares to weigh in on its potential fate. So reports PYMNTS. Read more...
VA Revamps Home Loan Program for Hard-to-Finance Group

VA Revamps Home Loan Program for Hard-to-Finance Group

Friday, 24 March 2023
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The Department of Veteran Affairs has slashed interest rates for Native American veterans (or veterans who are spouses of Native Americans) who buy homes on tribal lands. So reports Military.com. Read more...
Mortgage Rates Dip for Second Straight Week, to Below 6.5%

Mortgage Rates Dip for Second Straight Week, to Below 6.5%

Friday, 24 March 2023
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U.S. long-term mortgage rates have posted a second consecutive weekly decline, adding to a flurry of optimistic data for homebuyers. So reports the Associated Press. Read more...
Bodnar of MMG: Bonds Like Bad News... And There's Plenty Of It

Bodnar of MMG: Bonds Like Bad News... And There's Plenty Of It

Friday, 24 March 2023
Lending
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Bill Bodnar of the Mortgage Market Guide explains how we're seeing bonds break away from key levels and the increasing chances that the Fed switches to cutting rates in the not-so-distant future.  Read more...
Bodnar of MMG: An Important Time to Pay Attention

Bodnar of MMG: An Important Time to Pay Attention

Sunday, 19 March 2023
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The bond markets are testing key levels heading into the upcoming Fed Meeting, says Bill Bodnar of MMG. "Remember, there are three reactions to the Fed Meeting." Read more...
Mortgage Rates Sink After Bank Collapses

Mortgage Rates Sink After Bank Collapses

Saturday, 18 March 2023
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After a half a percentage point rise over the prior month, U.S. long-term mortgage rates have fallen following high-profile bank failures. So reports CNN. Read more...

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