As rates feel upward pressure, fraud and misrepresentation are also on the rise
A sudden interest-rate hike in Q4 caused profits to plummet
Legislation that would bring more transparency and accountability to the CFPB passed the U.S. House of Representatives with very few opposing it.
Zillow mortgages now also on Trulia…Housing starts lower than expected… Builder confidence rises… Apartment used in ‘Ghost’ goes on sale…
The final rule includes additional instructions for providing housing counselor information and features an online tool lenders can use.
The technological arms race for TRID could provide the originators and servicers of the mortgage industry with more innovation that will come from vendors refreshing their technologies.
Legislation critical to the mortgage industry went to the floor of the House of Representatives for debate Tuesday and it could ease some of the regulatory burdens.
In an effort to attract more first-time homebuyers, Fannie Mae has announced a 3% rebate program.