The mortgage insurance premium cut starts today and HUD has issued a warning to lenders.
The launch of the regulator’s “Owning a Home” tool has caused uproar in the mortgage industry, and many claim the tool contradicts rules the CFPB already has in place.
Stearns Lending and a West Coast-based homebuilder have entered into an agreement to form a mortgage company set to be fully deployed by mid-2015.
Mortgage applications jumped by almost 50% last week after taking a dive during the last weeks of 2014.
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.
Historically, the mortgage industry experiences a slowdown during the holiday season, but this time around it was particularly quiet. Meanwhile, rates have hit a 19-month low.