Credit Union - Real Estate Investor Pulse

Credit union trade group backs proposed CFPB rules on PACE loans

July 31, 2023 Allen Santos Comments Off

The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy (PACE) financing for home renovations. A […]

Credit Union Documentary Racks up Festival Wins

February 28, 2023 Mark Paul Cervantes Comments Off

A documentary film produced by the digital media division of PenFed Credit Union, the nation’s second-largest federal credit union, has been winning awards on the film festival circuit. The documentary short film “The Shot” has […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]