An industry report breaks down trends and changes regarding Q3 profitability for Independent mortgage banks and mortgage subsidiaries of chartered banks. Here's what the report found.
According to a report, roughly one in three consumers in disadvantaged areas do not qualify for a traditional credit score. Click through to see what factors are in play.
Mortgage lending has dropped in the second and third quarters of 2021, with finance mortgages dropping 13% and purchase loans off 2% for the first time this century. According to ATTOM's Q3 2021 U.S. Residential Property Mortgage Origination Report, 3.59 million mortgages secured by residential properties were developed in Q3. Those figures were up 3% ...
In next week's "Reflections and Projections" webinar, Rick Sharga and Ed Delgado will look back on 2021 and discuss how the industry must conform to changes in compliance, the marketplace, and the needs of customers to properly prepare for the coming year.
The post The Week Ahead: Where the Industry Is Headed in 2022 appeared first on DSNews.
As extreme weather becomes the norm, home insurance may become increasingly unaffordable—or simply unattainable for homeowners in some regions.
Multiple courts throughout the United States are addressing claims brought against debt collectors for alleged violations of § 1692c(b) of the Fair Debt Collections Practices Act (“FDCPA” or the “Act”) and reaching conflicting conclusions. The Eleventh Circuit granted rehearing and issued a newly revised opinion on October 28, 2021. Hunstein v. Preferred Collection & Mgmt. Services, Inc., 19-14434, ...
The post Court Decision Vacated Over Debt Collection Practices appeared first on DSNews.
Previously operating under the Champion Mortgage brand, Mr. Cooper Group has completed the sale of its reverse portfolio to Mortgage Assets Management, LLC and its affiliates.
If you thought the housing supply hit rock bottom in February, you thought wrong. According to a new report from Redfin, the number of homes available for sale fell by another 38,000 units finding a new low by the end of November suggesting more hardships for burnt-out homebuyers. As of November 28, the supply of available homes sat at 538,695 units, down from the previous low of 576,695 seen ...
Reps. Ron Kind and Vern Buchanan announce legislation to provide financial assistance to middle-class homebuyers.
The post Bipartisan MI Bill Introduced to Provide Relief to Middle-Class appeared first on DSNews.
Due to the drastic increase in real estate prices over the last year, the Federal Housing Administration (FHA) has announced new loan limits for 2022 for its Single Family Title II forward and Home Equity Conversion Mortgage insurance programs. The agency is statutorily mandated by the National Housing Act and the Housing and Economic Recovery Act of 2008 to reevaluate loan limits on a ...
The post Loan Limits Increased to Keep Up with Appreciation appeared first on DSNews.