The U.S. Supreme Court rejected a petition from several large banks that were seeking a review of an earlier ruling regarding a statute of limitations for lawsuits over mortgage-backed securities.
Read More »Rep. Hensarling Decries FHA’s Premium Reduction
While many praised the Federal Housing Administration's recent decision to lower its mortgage insurance premiums by 25 basis points, not everyone was a fan.
Read More »Confidence in the Economy is Surging
By any measure, consumers have great expectations for the U.S. economy in the coming year. What is driving the optimism?
Read More »KBRA: Don’t Remove Government Backing from Mortgages
Privatizing the GSEs could potentially have an adverse effect on the mortgage market in the United States, according to Kroll Bond Ratings Agency.
Read More »CFPB: TRID, HMDA, and Servicing Rules Updates
In a recent report to Congress, the Consumer Financial Protection Bureau highlighted the steps it has taken to assist the industry with transitions for TRID as well as the updates to the Home Mortgage Disclosure Act and the new mortgage servicing rules.
Read More »The Potential Effect of Low Interest Rates on Banks
The low interest rate environment, which has been the Fed’s mode of operation for much of the last decade, has been instrumental in stabilizing the U.S. financial system. But if it continues, it could adversely affect financial institutions, according to a Fed Governor.
Read More »LendingQB Adds New Mortgage Lenders
LendingQB announced the addition of new mortgage lenders to its network of clientele.
Read More »Consumer Confidence Up, Homebuying Confidence Down
While consumer confidence rose in December to its highest point since 2001, confidence in homebuying dipped for the fifth consecutive month.
Read More »Some Markets Go from Hardest Hit to Healthiest
Eight years has made all the difference in several single-family housing markets that were affected most by the recession. Many of these markets now rank among the healthiest, one analysis reported.
Read More »Pending Home Sales at Lowest Level in a Year
The ongoing inventory shortage is having an adverse effect on contract signings for homes, according to the National Association of Realtors.
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