In examining laws in New York, California, Utah, and Virginia, the Bureau determined that laws covering businesses in these states are not preempted by the federal Truth in Lending Act.
Read More »Fannie Mae Executes $31.8B in Credit Insurance Risk Transfers
The GSE transfers a combined $926 million of mortgage credit risk to private insurers and reinsurers in its latest two CIRTs as it continues to reduce taxpayer risk by increasing the role of private capital in the mortgage market.
Read More »Overall Mortgage Delinquencies Up 36K in February
According to Black Knight’s “First Look” at February 2023 data, the spike was “driven by a nearly 65K increase in those just a single payment behind.” Click through to see what the data looks like for prepayments, foreclosure starts, and more.
Read More »U.S. Housing Market Descend From Pandemic-Era Boom
According to a new report from Redfin, housing markets in tech hubs nationwide are cooling quickly for reasons such as low housing inventory and tech layoffs.
Read More »What Is Driving the Sun Belt Boom?
Cities in the Sun Belt have seen massive growth year-over-year as both median rent payments and median mortgage payments rose by over 20%.
Read More »First Citizens Reaches Agreement With FDIC to Acquire SVB
FDIC turns ownership of Silicon Valley Bridge Bank over to First Citizens Bank & Trust Company in a deal that includes the purchase of approximately $72 billion of Silicon Valley Bridge Bank’s assets at a discount of $16.5 billion.
Read More »Fannie Mae Pushes Back Predicted Recession
Due to stronger economic performance than expected in Q1, Fannie Mae has pushed back the predicted recession to start sometime in the second half of the year.
Read More »Homeownership Rate for Single Women Declines in 2022
For the first time in six years, the trend of female homeownership rates for young, single women declined in 2022, according to a new Zillow report.
Read More »The Week Ahead: Maximizing Vendor Relationships
The Five Star Institute, in partnership with Boston National Title, will present the latest in its Webinar Series, focusing on vendor products, performance, and pricing in a post-pandemic world.
Read More »BSI Financial Services Taps Harold Lewis as President and COO
Former President and COO of Mr. Cooper and C-suite executive tapped to lead the management of all operational aspects for the mortgage servicer.
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