CFPB report finds state community reinvestment laws can go beyond federal version

November 4, 2023by

The Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they...

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No more rate hikes expected as unemployment rate rises to 21-month high

November 4, 2023by

Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now...

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Experts predict lower mortgage rates next week as bond yields plunge

November 4, 2023by

Mortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop...

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FHA publishes proposed reverse mortgage servicing guidance to Single Family Drafting Table

November 4, 2023by

The Federal Housing Administration (FHA) this week published a new draft version of a Mortgagee Letter (ML) containing a...

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Extended Maui foreclosure relief covers HECM borrowers

November 4, 2023by

The Federal Housing Administration (FHA) this week extended a moratorium on foreclosures on the island of Maui as the...

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Cyberattack on Mr. Cooper forces it to lock down systems

November 4, 2023by

Texas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain...

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HUD OIG launches inquiry into how Ginnie Mae monitored RMF

November 3, 2023by

On Thursday, the Office of the Inspector General (OIG) of the U.S. Department of Housing and Urban Development (HUD)...

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Investor loans up amid subdued start to spring

November 3, 2023by

Investor activity have carried the lending market for September, with new investor loan commitments rising 2.0%, which is 2.6%...

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Comment: Let nobody be underserved

November 3, 2023by

Jeremy Duncombe, managing director at Accord Mortgages Taking the first step on the property ladder, or going solo when it...

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Nottingham BS launches new 60% LTV resi product, refreshes range  

November 3, 2023by

Leeds Building Society has improved rates on residential  75% LTV and 80% LTV loans.   The mutual now offers two-year...

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