Category: News and Trends

The Mortgage Bankers Association and nearly a dozen industry trade groups asked the Bureau of Consumer Financial Protection to change its Loan Originator Compensation Rule to better protect consumers and reduce lenders’ regulatory burdens.

LOS ANGELES–Floods; hurricanes; tornados; wildfires; earthquakes; droughts; volcanoes; ice storms; blizzards. Just another day in America.

LOS ANGELES–Floods; hurricanes; tornados; wildfires; earthquakes; droughts; volcanoes; ice storms; blizzards. Just another day in America.

LOS ANGELES–Floods; hurricanes; tornados; wildfires; earthquakes; droughts; volcanoes; ice storms; blizzards. Just another day in America.

LOS ANGELES–With the slow, but definite shift from a refinance market to a purchase market, competition for borrowers is at unprecedented highs. And with that, says economist Lynn Fisher, comes a new set of risk for mortgage servicers.

Black Knight, Jacksonville, Fla., said mortgage delinquencies fell again in August, capping a strong summer that saw the strongest declines since 2000.

LOS ANGELES–With the slow, but definite shift from a refinance market to a purchase market, competition for borrowers is at unprecedented highs. And with that, says economist Lynn Fisher, comes a new set of risk for mortgage servicers.

LOS ANGELES–With the slow, but definite shift from a refinance market to a purchase market, competition for borrowers is at unprecedented highs. And with that, says economist Lynn Fisher, comes a new set of risk for mortgage servicers.

Forget housing starts; forget existing home sales (see story above); forget new home sales. The hot word in housing right now is “equity”–and it’s something a growing number of Americans have as an option.

It appears that borrowers realize the refinance train is leaving the station.