Lending

Lending (1514)

Ex-Mortgage Employees Get Prison for Fraud

Two former employees of a California mortgage and real estate company have received federal prison sentences for a mortgage scam going back 15 years. So reports the local Vacaville Reporter. Read more...

Why Today’s Housing Market May Be a Recession Buster: First American

In the third quarter of 2019, the United States reached its longest economic expansion in history, which caused some people to wonder whether we were overdue for a correction. Additionally, global uncertainty resulted in a flight to safety of U.S. Treasury bonds, prompting the dreaded inversion of the yield curve. Read more...

11.3M Have Refi Incentive, $3B in Monthly Savings on the Table: Black Knight

The Freddie Mac 30-year average came in at 3.45% last week, the lowest level in almost 3.5 years and just 14 BPS above all-time lows. Read more...

CFPB Head Refuses to Say Whether Agency Is Needed

House Democrats rebuked Kathy Kraninger, the head of the Consumer Financial Protection Bureau, during a committee hearing in which she declined to say whether the agency should exist. Republicans, meanwhile, applauded her gentler regulatory approach. So reports Roll Call. Read more...

Weekly Mortgage Refinance Applications Leap 15%

Refinance applications climbed by 15% in the week that ended January 31, 183% higher than a year ago. So reports CNBC. Read more...

Mortgage Rates Drop to Lowest Point Since 2016

Rates for long-term mortgages rates have fallen to their nadir since before the last presidential election. So reports MarketWatch. Read more...

JPMorgan Eyes Going Back Into FHA Loans

JPMorgan Chase & Co. is debating whether to offer more Federal Housing Administration-backed loans. So reports Bloomberg, citing sources familiar with the matter. Read more...

Pace of Mortgage Fraud Risk Decline Cooled in December: First American

The First American Loan Application Defect Index for December 2019 finds that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 1.5% compared with the previous month. Read more...

Serious Mortgage Delinquency Rates Tripled in Disaster-affected Regions: Report

CoreLogic® released its annual Natural Hazard Report including a look back at communities affected by wildfires, hurricanes, tornadoes and earthquakes in 2019. Read more...

FHFA Proposes Updated Requirements for Fannie, Freddie Seller/Servicers

On Friday, the Federal Housing Finance Agency (FHFA) said it plans to update the minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. Read more...

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