The CFPB announced the approval of the Independent Community Bankers of America's (ICBA) proposed template to improve mortgage disclosures to "provide consumers greater clarity, streamline the process through improved disclosure requirements, and expand access to more affordable homes in rural areas with limited housing supply," according to Rebeca Romero Rainey, President and CEO of ICBA.
Read More »U.S. Delinquency Rate Ticked Up in November
A new report reveals that the national delinquency rate inched higher in November but remains below pre-pandemic levels, while "serious" delinquencies—those that are more than 90 days past due—also rose but are down year-over-year.
Read More »Examining Discrimination, Financial Barriers in the Homebuying Process
Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.
Read More »Serious Delinquency Rates for FHA/VA Loans Remain Above Pre-Pandemic Levels
According to a new CoreLogic report, new data shows conventional serious delinquency rates remain lower than pre-pandemic levels, even as rates for FHA and VA loans continue to inch upward.
Read More »VA Loans Preferred Choice of Active-Duty Servicemembers
Nine out of 10 servicemembers surveyed intend to use a VA loan to finance housing after transitioning to civilian life.
Read More »Demand for VA Mortgages Spurs Hiring
NewDay USA reported its VA loan originations during the three months ending on June 30 totaled nearly 2,500 loans with an aggregate principal balance of $576 million, a 32% increase from the prior quarter.
Read More »More than $400M Refunded to Veterans
A new report says tens of thousands of vets were improperly charged extra fees when applying for their loans.
Read More »How a New Law Affects Ginnie Mae’s VA Securities
Protecting Affordable Mortgages for Veterans Act of 2019, that was signed by President Trump recently will impact certain Ginnie Mae securities for VA loans. Click through to learn more.
Read More »Making Housing Work for Vets
As the country celebrates 243 years of freedom, take a look at how the industry is helping the men and women on the wall who keep America safe and secure.
Read More »New Program Looks to Ease Customers’ Minds
Guild Mortgage, an independent mortgage lender located in California, announced Homebuyer Protection, a program designed to give customers added protection and peace of mind during the mortgage process. Homebuyer Protection combines three of Guild’s loan programs and services, allowing homebuyers ...
Read More »