Rising rates and increased competition are shrinking profit margins. Still, lenders are more optimistic about the economy than they’ve been in years
The CFPB is proposing a regulatory amendment that would give lenders more leeway in collecting certain demographic information about borrowers
Robyn from Oklahoma asks, "Rates are down and I am getting a lot of calls from previous clients that want to refinance. Unfortunately, the market seems to be very competitive and I am losing deals to other loan officers. Should I move to a company that is more competitive?"
Harry Potter helps Florida’s ‘Crime Hills’ recover from housing slump...Apartment demand stays strong in this southern city...Lauren Bacall’s former Manhattan home reduced by $2.5M
Applications for home loans have risen for the third straight week to 0.4%, new data from the Mortgage Bankers Association (MBA) has revealed.
The bank has reached an agreement with HUD to settle claims of mortgage lending violations during the crisis. The settlement marks another major legal resolution for the company as it unwinds from the mortgage business the company sold in 2008.
The $1.2 trillion market is critical to the housing recovery's longevity and offers huge market potential as banks are retreating, according to the CEO of Parkside Lending at an industry conference in Denver Thursday.
Central bank officials are eager to get the rate hike process started, according to recently released minutes from the FOMC meeting. However, is the economy ready?