CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers
The Consumer Financial Protection Bureau (CFPB) published a report this week detailing the negative experiences of homeowners faced with their mortgage company after divorce or the death of an original borrower. According to the CFPB, many homeowners claimed their...
New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders
The New York State Department of Financial Services (DFS) is proposing to expand the state’s version of the Community Reinvestment Act (CRA) to include nonbank mortgage lenders. DFS Superintendent Adrienne A. Harris raised the idea by pointing to the increased...
Mortgage Application Activity Down Slightly
Mortgage application activity recorded a slight decline in data from the Mortgage Bankers Association covering the week ending Dec. 13. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 0.7% on a seasonally adjusted basis...
A Phil Hall Op-Ed: How Do You Deal with Underperformers?
A Phil Hall Op-Ed: In the media world, the salespeople who are tasked with bringing in paid advertisers are an invaluable part of the organization – after all, without their work, companies would be sorely lacking the revenue needed to keep their operations afloat....
Mortgage Rates Take Another Drop
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.60% as of Dec. 12, down from last week when it averaged 6.69%. A year ago at this time, it averaged...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
