CFPB slaps TransUnion with $17 million penalty
TransUnion has been hit with a $17 million penalty as part of a settlement over the way it markets credit reporting products and services
United Shore to pay $48 million over alleged False Claims Act violations
A leading mortgage company has agreed to pay $48 million and acknowledged that it failed to comply with FHA standards to settle allegations that it violated the False Claims Act
PHH to sell off its mortgage servicing rights portfolio in massive deal
After taking heavy losses on its MSR-related hedges, PHH is selling its entire mortgage servicing rights portfolio in a massive $912 million deal
Elizabeth Warren, Democrats take on Trump’s Treasury pick
Senate Democrats, led by Elizabeth Warren, seem to be signaling that they plan on making confirmation as onerous as possible for Donald Trump’s Treasury nominee
Lenders’ outlook for 2017 dimming
Lender sentiment has plummeted as mortgage rates have risen, with optimism about the next few months at record lows, according to new data
VA announces new loan limits for 2017
The VA has announced a new maximum amount for its loan program, set to take effect Jan. 1
Rising rates may drag down mortgage market in 2017: Freddie Mac
The global bond sell-off has been pushing mortgage rates up since Election Day, and the Fed’s decision to raise its benchmark interest rate may push them higher still. All that could mean ‘significantly subdued’ mortgage activity next year, ...
Hensarling: Fed needs more accountability, transparency
While the Fed’s recent decision to hike rates came as no surprise, the chairman of the House Financial Services Committee says the agency needs to be more transparent about its decision-making process
The Fed has finally hiked rates. What’s next for the mortgage market?
As expected, the Fed finally hiked the benchmark interest rate. But although rate hikes usually mean increasing mortgage rates, one industry leader is counseling calm
Fed announces rate hike decision
In the wake of its last meeting of the year, the Fed has announced its decision on whether to hike interest rates – but what does it mean for mortgage rates?