Online bank Ally Financial recorded a $136 million impairment related to its investment in struggling digital mortgage lender Better.com, bank executives said Wednesday during the company’s third-quarter earnings call. The bank disclosed to shareholders and […]
Source: Real Trends — The state of our current housing market is creating the need for sometimes challenging real estate questions between Realtors and clients. Twenty-five to 75% of all agents are new to the […]
Fitch Ratings in October 2022 set negative outlooks for four nonbank mortgage lenders. Credit rating agency Fitch this week revised the long-term issuer default ratings (IDRs) for five nonbank residential mortgage lenders based on their […]
The Fifth Circuit U.S. Court of Appeals found this week that the funding source for the Consumer Financial Protection Bureau (CFPB) is unconstitutional, according to a decision reached by a three-judge panel. The panel found […]
Real estate tech firm Voxtur Analytics Corp. on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Voxtur […]
The Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the Federal Reserve Board on Thursday announced that the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will jump to […]
Twitter has become somewhat ubiquitous in today’s social media landscape, with more than 200 million users worldwide. The timeline moves about as quickly as the news does, which is why it can be such a […]
The Mortgage Bankers Association announced Thursday it promoted Joel Kan to vice president, deputy chief economist. Kan has worked at the association since 2006, rising from survey specialist to associate vice president of economic and […]
It’s all a bunch of Hocus Pocus at the Sanderson Sisters’ cottage, where, for the first time ever, guests can run amok this Halloween season when the soul-stealing, spellbinding trio invites visitors to get into […]
With mortgage rates surging to the 7% mark, industry observers believe that a new refi wave won’t return for several years. Lenders have started to prepare their businesses for at least two more years of […]
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