The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Freedom Mortgage Corp. that alleged its mortgage loan data that was “riddled with errors” and put the Boca Raton, Florida-based company in violation of both the Home Mortgage Disclosure Act (HMDA)...
Mortgage credit availability increased in September, according to the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) increased by 0.6% to 97.2 last month; the index was benchmarked to 100 in March 2012. Both the Conventional...
The Bangor, Maine-based titleLOOK by Mainspring Services announced that it is now offering its automated title review to lenders, government-sponsored enterprises and other organizations in the mortgage banking sector. titleLOOK was launched in 2021 and was initially...
The leadership of the Mortgage Bankers Association, the National Association of Home Builders and the National Association of Realtors have sent a joint letter to Federal Reserve Chairman Jerome Powell warning that the central bank’s policy of rate hikes is creating...
The pressure from elevated mortgage rates drove down the Home Purchase Sentiment Index in (HPSI) last month, according to Fannie Mae (OTCQB:FNMA). Last month’s HPSI sank by 2.4 points to 64.5, with five of the HPSI’s six components decreasing month-over-month,...
Arch Capital Group Ltd. (NASDAQ: ACGL) has promoted Seamus Fearon to CEO of international mortgage for the Arch Global Mortgage Group. In this role, Fearon will have responsibility for managing Arch’s Australian and European mortgage operations as well as its...
Hits and Misses for the Real Estate Week of June 29-July 3
