Non-bank originator Change Lending will continue to originate non-qualified mortgages (non-QMs) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep...
Read MoreThe Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for entities including mortgage companies. The 32-page report...
Read MoreCanada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say. The rise in...
Read MoreMortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields. This week alone, the 5-year Government of Canada...
Read MoreThe Federal Housing Administration (FHA) this week published a new draft version of a Mortgagee Letter (ML) containing a series of proposed changes to the Home Equity Conversion Mortgage...
Read MoreThe Federal Housing Administration (FHA) this week extended a moratorium on foreclosures on the island of Maui as the community continues to deal with the fallout of devastating wildfires...
Read MoreTexas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain technology systems including access to its online payment portal. “On October...
Read MoreOn Thursday, the Office of the Inspector General (OIG) of the U.S. Department of Housing and Urban Development (HUD) announced that it is initiating an inquiry into how Ginnie...
Read MoreInvestor activity have carried the lending market for September, with new investor loan commitments rising 2.0%, which is 2.6% higher than last year, according to the latest ABS lending...
Read MoreJeremy Duncombe, managing director at Accord Mortgages Taking the first step on the property ladder, or going solo when it comes to employment, are two milestone moments in a person’s...
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