After lobbying from the mortgage industry, the IRS is once again verifying the incomes of mortgage applicants despite a government shutdown and some questions about the fairness of reopening just one part of the agency. Continue reading
The largest homebuilder in the country has been hit with a lawsuit accusing it of providing loans to unqualified borrowers. Continue reading
Federal workers either not being paid or currently furloughed as a result of the government shutdown are estimated to owe approximately $438 million in mortgage and rent payments this month. Continue reading
A partial shutdown of the U.S. Government has entered its sixth day as both Democrats, Republicans and President Donald Trump dig in their heels over partial funding for a wall or partition structure along a small portion of the U.S. southern border an… Continue reading
Mortgage rates continued along their downward trend to end the year, according to the latest data from Freddie Mac, released Thursday. Continue reading
The stock market bounced back Wednesday, erasing Monday’s losses but still left markets down compared to a month ago. Continue reading
The CFPB publishes loan data every year to inform real estate stakeholders about these trends. After seeking public comment on the new disclosure rules, the Bureau unveiled changes to protect individuals’ privacy. Continue reading
ClearAVM is designed to help lenders with tasks including pre-valuation, portfolio valuation, home equity situations and underwriting. Continue reading
A former Illinois judge, the first Filipena elected in Cook County, cried in court as a judge sentenced her to a year in prison for fraudulently obtaining mortgages. Continue reading
In a rare, happy twist, a homebuyer who lost his downpayment to scammers is whole again after a title company hired the man to discuss cyber security. Continue reading