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FSOC: Congress should boost Ginnie, FHFA nonbank authorities -
Fed's Cook cites CRE and cyber as financial stability risks -
Alanna McCargo to head San Francisco Home Loan bank -
Banks left in limbo as regulators mull path forward for Basel -
As VA foreclosure plan deadline nears, servicers ask for more time
- Sep 9-10, 2024|San Diego, CA
The Supreme Court issued an opinion Thursday morning that was unequivocal in its view that Congress is constitutionally empowered to fund agencies with open-ended and indirect funding mechanisms, overruling a 5th Circuit opinion from 2022 that found that executive branches must be subject to direct Congressional appropriations.
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Late payments on VA loans were up markedly within the first quarter, in contrast to other products, according to new Mortgage Bankers Association data.
9h ago
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The assistance is available for borrowers with sub-620 FICO scores with earnings less than 80% of the Area Median Income, or first-time home buyers with no restrictions.
8h ago -
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A presidential advisor for housing could be the solution for the "alphabet soup" of federal agencies that don't understand the industry, Mortgage Bankers Association CEO Bob Broeksmit said.
May 15 -
The total compensation of the highest paid CEO among the largest nonbank mortgage lenders in the country was $30.3 million in 2023, up by nearly 300% versus 2022.
May 15
Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.
These are the best of the best, the nation's 50 most productive mortgage originators by dollar volume.
The home lenders voted by their employees as the Best Mortgage Companies to Work For in 2024 discuss supporting and engaging teams during a trying time for the industry.
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The platform, akin to ChatGPT, was developed in partnership with Microsoft, Google and OpenAI.
May 16 -
The lender will take care of settlement agent duties for a flat $1,850 fee, expanding on its previous title alternative program.
May 16 -
The lender will advertise Mortgage Matchup, which features brokers, with prominent television and on-court advertisements during games.
May 16 -
The move further diversifies a company working to grow beyond its roots in what is currently a small — but possibly expanding — single-family distressed market.
May 16 -
Investors reacted negatively to New York Community Bancorp's divestiture of a $5 billion loan warehouse portfolio to JPMorgan Chase. The deal has triggered a debate about whether other banks might retreat from lending to nonbank home lenders.
May 15
