Top Headlines
OceanFirst Bank in Redlining Settlement with HUD
OceanFirst will invest at least $14 million in a loan subsidy fund. Continue Reading OceanFirst Bank in Redlining Settlement with HUD
AOC Calls for New Federal Entity to Build and Sell ‘Social Housing’
The Homes Act is Ocasio-Cortez’s second housing bill introduced this year. Continue Reading AOC Calls for New Federal Entity to Build and Sell ‘Social Housing’
Federal Reserve Holds Rates Again
The central bank’s policy making Federal Open Market Committee declared the “economic outlook is uncertain.” Continue Reading Federal Reserve Holds Rates Again
Trump Offers Solution to Homeownership Affordability Challenges: ‘Vote for Trump’
Trump warned Biden’s rent cap proposal would “end up in a Depression like in 1929.” Continue Reading Trump Offers Solution to Homeownership Affordability Challenges: ‘Vote for Trump’
Leonardo Ramos Named VP/CRA Officer at Provident Bank
Prior to joining Provident Bank, he served as senior vice president and sales manager with Columbia Bank. Continue Reading Leonardo Ramos Named VP/CRA Officer at Provident Bank
US Foreclosure Activity Stabilized in April
Atlantic City, New Jersey, was the major metro with the highest foreclosure rate. Continue Reading US Foreclosure Activity Stabilized in April
Zillow: Mortgage Rates Could Hit 8.4% if US Debt Default Occurs
Mortgage payments on a typical home could be 22% higher by September. Continue Reading Zillow: Mortgage Rates Could Hit 8.4% if US Debt Default Occurs
Mr. Cooper Group Acquires Home Point Capital for $324 Million
The transaction comes one month after Homepoint agreed to sell certain assets of its wholesale originations channel to The Loan Store Inc. Continue Reading Mr. Cooper Group Acquires Home Point Capital for $324 Million
Mortgage Application Activity in 6.3% Upswing
“Mortgage applications responded positively to a drop in rates last week,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity in 6.3% Upswing
Mortgage Credit Availability at 10-Year Low
“Government credit supply decreased for the third consecutive month,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability at 10-Year Low
Mortgage Servicing Software Firm Sagent Opens Office in India
The new 18,367 square-foot facility will employ more than 120 individuals. Continue Reading Mortgage Servicing Software Firm Sagent Opens Office in India
Republic First Exits the Mortgage Origination Business
The company said it would also “streamline its commercial lending business in New York City.” Continue Reading Republic First Exits the Mortgage Origination Business
New York State Considers Raising Reverse Mortgage Borrower Age
The bill would also define the role of a non-borrowing spouse in the reverse mortgage. Continue Reading New York State Considers Raising Reverse Mortgage Borrower Age
Mortgage Rates Take a Drop
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.27%. Continue Reading Mortgage Rates Take a Drop
Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
“The jumbo-conforming spread continues to narrow,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
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