Five federal regulatory agencies have requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions. “The proposed guidance advises on policies that financial institutions may implement to allow...
Mortgage application activity declined for the fourth consecutive week, according to data from the Mortgage Bankers Association (MBA). At the end of last week, the trade group’s Market Composite Index was down by 1.4% on a seasonally adjusted basis from one week...
The Mortgage Bankers Association (MBA) announced the nomination of Christine Chandler to serve as the organization’s vice chairwoman for the 2024 membership year. Chandler is executive vice president, chief credit officer and chief operating officer with M&T...
JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon has unleashed a morning full of speculation and gossip after Bloomberg reported he will be in a private meeting today in Washington, D.C., with a group of moderate House Democrats. Bloomberg sourced its reporting from...
Fitch Ratings reduced its 2023 outlook for the U.S. real estate investment trust (REIT) sector outlook from “Neutral” to “Deteriorating,” citing the tumult in the commercial real estate space. While Fitch noted that most of its rated REITs...
I was on YouTube the other day and came upon a 1959 interview where Mike Wallace introduced Ayn Rand to the American television audience. During the interview, Rand declared, “I am for an absolute, laissez-faire, free, unregulated economy. Let me put it briefly: I’m...
AmeriHome Takes Nearly $395 Million of Agency-Eligible Mortgages to the Pri…
