More than 20 organizations representing thousands of banks, credit unions, and other financial institutions have petitioned Congress
The federal mortgage authority sold a tranche of more than 1,200 seasoned geographically diverse loans
The agency released its annual independent report on its Mutual Mortgage Insurance Fund for single-family programs. While the fund has improved, it still falls short of last year’s projection.
As the mortgage industry continues to grapple with ever-changing regulations, training and education has become even more of a vital component when choosing which wholesaler to use – and surprisingly few manage to get top marks for this.
Our "Lenders Wanted” section connects originators with lenders who can fund tough-to-finance loans.
The housing market continues its slow trend toward historical norms, while analysts wait in anticipation for the release of the latest Fed's meeting minutes. Any strong hints that the Fed may change course at December’s meeting could push rates upward.
Should a second mortgage on an underwater home be voided during bankruptcy if the home’s value has dropped below the first mortgage’s balance?
One more global economic giant is sliding, but does it matter here in the U.S,? Doesn’t look like it; investors and traders ignoring it as is the situation with the U.S. equity markets.