The NAFCU reported earlier this week that since the second quarter of 2010, more than 1,350 federally-insured credit unions have been lost, 96 percent of which had below $100 million in assets.
Read More »Low Credit Score May be Keeping Many Renters from Homeownership
The authors of the report found that 96 million American renters have never had a mortgage—and 42 percent of them have some other type of consumer debt in collections.
Read More »Will the Tight Inventory Loosen Up for the Spring Homebuying Season?
Many housing market analysts have expressed concern over the short housing supply heading into the spring.
Read More »Fannie Mae Updates Foreclosure Time Frame Exhibit
It was originally announced by Fannie Mae in a Servicing Notice nearly two years ago that new foreclosures in the District of Columbia must be commenced as judicial foreclosures.
Read More »Private-Sector Securitization Begins its Comeback With JPMorgan Chase RMBS Deal
This will be JPMorgan Chase's first house transaction (meaning the bank owns all of the mortgages in the deal) since the financial crisis.
Read More »Is the CFPB Really Protecting Consumers?
CFPB Director Richard Cordray faced intense criticism from the committee's Republicans, particularly Chairman Jeb Hensarling (R-Texas), who said that Congress has made the Director a “dictator” and given him power that is “amazing, frightening, and tragic.”
Read More »Single-Family Housing Market is Making ‘Slow But Steady Progress’
Confidence among home builders has been on a series of ups and downs over the last few months, showing slow but continued progression in the single-family sector, but they are still faced with concerns about labor and lot shortages.
Read More »The Pros and the Cons of Closing with TRID
Despite the negative effects reported about TRID, homebuyers did report a few positives since the rule went into effect October 2015, indicating that the CFPB's rule may be doing its intended job.
Read More »Lawmakers Lobby for CFPB to Exempt Credit Unions from Rulemakings
The relationship between the regulator for credit unions, the Credit Union National Association (CUNA), and the CFPB has been a rocky one since the Bureau’s formation nearly five years ago.
Read More »What is Keeping Consumer Credit Default Rates Low?
The first mortgage default rate has leveled out after seeing three consecutive months of increases in Q4.
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