Fintech mortgage marketplace LendingHome has announced the appointment of expert risk leader Cynthia Chen as Chief Risk Officer.
Read More »Appreciation Negated Lower Rates in Q2
Home price appreciation in the second quarter largely negated a modest reduction in interest rates, driving housing affordability down.
Read More »What’s in a Credit Score? Many Consumers Don’t Know
A borrower’s credit score can make or break a lender’s decision on whether or not to approve a mortgage loan. Yet studies show many consumers hold mistaken beliefs about factors that affect their scores.
Read More »Morgan Stanley Starts Paying Off RMBS Settlement Debt
Morgan Stanley has begun to fulfill its consumer relief obligations under a settlement with federal and state regulators in connection with mortgage-backed securities practices.
Read More »S&P Upgrades Ocwen’s Ratings
After enduring a rough year so far earnings-wise, Ocwen Financial Corporation received some positive news this week.
Read More »Single-Family Rentals Boom in Markets Hit Hardest by Crisis
Markets that were most affected by the housing crisis have seen the largest increases in single-family rental homes.
Read More »Mortgage Debt Declines in Consumer Debt Picture
While household debt increased in Q2, the mortgage sector’s share of that debt declined from a huge spike in the first quarter, according to the New York Fed.
Read More »Where Do Homebuyers Pay the Most for Closing Costs?
One analysis reported that estimated amounts paid by homebuyers for closing costs on a mortgage loan are more accurate than ever because of the CFPB’s TRID rule enacted last October. Which states have the highest average closing costs?
Read More »Consumer Confidence in Housing Hits All-Time High
Consumers' confidence in the U.S. housing market is now at an all-time high as two-thirds of consumers who intend to move said they plan to buy a home, according to Fannie Mae.
Read More »Government Seeks New Trial in BOA ‘Hustle’ Case
In May, an appellate court overturned a $1.27 billion penalty against Bank of America for Countrywide's "Hustle" verdict. But the government isn't letting the case go away just yet.
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