Employment numbers and current mortgage payments among buyers are driving the health of the housing markets across the U.S., according to Freddie Mac's Multi-Indicator Market Index (MiMi).
Read More »Fed Reverts Back to Old Ways, No Rate Hike This Month
Given the rough start to 2016, some in the industry are beginning to question if the Fed will dial back on its December decision or ease up on the four "gradual increases" projected for this year.
Read More »New Home Sales Exceed Expectations
There was no seasonal, holiday slowdown for new home sales, as buyers showed their increasing demand for housing by purchasing more homes since the end of the financial crisis.
Read More »Freddie Mac’s Mortgage Investment Portfolio Changes Course
After months of contraction, mortgage-related investments pick up the pace.
Read More »The Big 3: Tech Changes Innovating the Mortgage Industry
CoreLogic identifies a few of the largest tech changes that the mortgage industry has implemented in their businesses as a result of new regulations like the TILA-RESPA Integrated Disclosure rule and the Home Mortgage Disclosure Act.
Read More »JPMorgan Reaches Billion-Dollar Settlement With Investment Banking Firm
JPMorgan Chase settles with Lehman Brothers Holdings over claims that it drained Lehman of billions of dollars before the investment banking firm’s infamous collapse in 2008.
Read More »CFPB’s Authority in Question over Legal Battle
One case in the Consumer Financial Protection Bureau's portfolio has many in the mortgage industry questioning whether or not the organization's power and authority is used unjustly. Unlike other government agencies, the power of the agency is left on one man's shoulders: CFPB Director Richard Cordray.
Read More »Virginia Reaches Settlement With 11 Big Banks Over RMBS Fraud Claims
It is now more than seven years since the housing crisis hit, and settlements over claims of residential mortgage-backed securities are still alive and well.
Read More »Mortgage Rates Creep Even Lower Among Global Concerns
Mortgage rates have only headed one direction since the Fed's decision in December to raise rates by 0.25 percent. Freddie Mac says the falling rates reflect the tumultuous global economy and weak inflation.
Read More »Here are the Top 5 Issues Lenders are Facing With Loan Officer Compensation
As lenders gear up to attract new loan officers (LO), many have them are requesting unique or complex compensation plans. The real challenge lenders face is adapting their compensation plans to these requests, while complying with Consumer Financial Protection Bureau (CFPB) standards.
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