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 »Fannie Mae Executes CIRT Transactions on $26.6B of Single-Family Loans
"We appreciate the continued support of the 21 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae VP, Capital Markets.
Read More »CFPB Issues Revised Version of Prime Offer Rate Methodology
The Consumer Financial Protection Bureau announced a revised version of its Methodology for Determining Average Prime Offer Rates, used to measure and determine average rates for purposes of federal mortgage rules.
Read More »As Originations Decline, Consumer Interest in HELOCs Inches Upward
Joe Mellman, SVP and Mortgage Business Leader at TransUnion, said, "Considering that homeowners had a cumulative total of $604 billion in non-mortgage debt, [HELOCs allow homeowners to] use their available home equity to pay off more expensive debt while keeping their existing low interest rate mortgage in place.”
Read More »Freddie Mac Announces $536M Securitization of Re-Performing Loans
Freddie Mac has announced the pricing of its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2022 —a securitization of approximately $536 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans ...
Read More »Mortgage Delinquencies Drop to 23-Year Low
CoreLogic has released its monthly Loan Performance Insights Report for June 2022, showing that 2.9% of all mortgages in the U.S. were in some stage of delinquency, —30 days or more past due, including those in foreclosure— representing a 1.5 ...
Read More »Mortgage Loan Delinquencies Record Highest Spike in Two Years
Analysis detects a spike among all types of loans and reveals the characteristics most correlated to defaults. Click through to read more.
Read More »Preparing for Debt and Delinquency Shifts in 2020
Transunion SVP Joe Mellman spoke with DS News about what factors are impacting the market and homeowners.
Read More »BofA Offers New Solution for Low-Down Mortgage
Bank of America has announced a $0 lender origination fee for low-down payment mortgages.
Read More »HUD Releases Proposed Budget for 2020
Click through to find out what HUD's priorities will be, including initiatives involving fair housing, fighting homelessness, and supporting homeownership.
Read More »