ABA Banking Journal, November 20, 2024Representatives from the Federal Reserve, FDIC and Office of the Comptroller of the Currency said today there are no plans to finalize major rulemakings until …
Category: Top National News
Mr. Cooper Sues its Insurance Providers Over Cyber Breach
National Mortgage News, November 19, 2024-Maria VolkovaMr. Cooper is accusing its insurers of not indemnifying it for losses caused by a cyber attack that hit the nonbank’s systems in late …
20 Places Where Homes Sell the Fastest
National Mortgage News, Nov. 19, 2024The region of Manchester-Nashua, New Hampshire, is the metro area where homes sell the fastest according to data from Premier Online Marketing, with homes having …
Home Prices Stabilize in October, First American Reports
National Mortgage Professional, Nov. 19, 2024-Katie JensenFirst American Data & Analytics, division of First American Financial Corporation, releases its October home price index (HPI) report that shows home prices are …
HUD Proposes Simpler Loan Applications for Manufactured Homes
MPA, Nov. 19, 2024-Candyd MendozaThe Department of Housing and Urban Development (HUD) is working to simplify the loan application process for the Federal Housing Administration’s (FHA) Title I loan programs …
Multifamily Loan Cap Hike “Appropriate”, Says MBA
MPA, Nov. 19, 2024-Candyd MendozaThe Mortgage Bankers Association (MBA) said that the Federal Housing Finance Agency’s (FHFA) decision to raise multifamily loan purchase caps for Fannie Mae and Freddie Mac …
What’s Ahead for the GSEs Under the New Administration?
Multi-Housing News, November 18, 2024-Gail KalinoskiThere’s buzz about privatizing Fannie Mae and Freddie Mac. Here’s how that could happen. (MBA interview)Click here for more.
Mortgage Credit Availability Hits Seven-Month High Amid Tight Supply
MPA, Nov. 18, 2024-Candyd MendozaMortgage credit availability rose in October, reaching its highest level since April 2023, according to the Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers Association …
Banks Warily Optimistic on Mortgages but Volatile Rates a Concern
American Banker, Nov. 18, 2024-John ReostiThough mortgage rates have crept higher in recent weeks, home lenders are hopeful a fresh 25-basis-point cut in the federal funds rate by the Federal …
Housing Shortage Fuels Home Equity Boom
MPA, Nov. 18, 2024-Candyd MendozaAmid low housing inventory and rising debt, more homeowners are turning to their home equity to strengthen their financial standing, according to a recent TD Bank …