Tag Archives: Mortgage Loans

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.

"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.

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.

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.”

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 ...

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 ...

Analysis detects a spike among all types of loans and reveals the characteristics most correlated to defaults. Click through to read more.

Transunion SVP Joe Mellman spoke with DS News about what factors are impacting the market and homeowners.

Bank of America has announced a $0 lender origination fee for low-down payment mortgages.

Click through to find out what HUD's priorities will be, including initiatives involving fair housing, fighting homelessness, and supporting homeownership.