Reform group finds “disturbing pattern” against people of color and low income borrowers
The mortgage delinquency rate for one-to-four-unit residential properties rose 4.80% on a quarter-to-quarter basis during the last three months of 2016, a survey by the Mortgage Bankers’ Association (MBA) revealed
In an effort to squeeze out origination costs, this lender said it wants to keep the entire mortgage lending process online. Could this be the future of mortgage lending?
In yet another settlement, the largest U.S. bank has reached an agreement regarding the sale of almost $18 billion in shoddy mortgage securities it sold during the financial crisis.
One reader asks: "It appears that most of the loan officers in the industry are older like me and many have lost their drive due to the issues we have faced in the past. I have tried a few rookies, but my success rate is even lower. I know I must expand my sales staff, but what advice do you have?"
Affordable homes are lagging far behind higher-priced homes in the home price recovery, trailing the furthest behind their pre-crisis housing maximums. Black Knight Financial delves into why.
The recent plunge in oil prices could cause home prices to slip in the oil-producing markets and rise in others, but how long will it take to happen?
The FHA’s plan to lower annual mortgage insurance premiums could steer business away from the GSEs. Will Fannie, Freddie make adjustments to their guarantee fees and loan level pricing?