mortgage – Page 154 – Need Benjamins

Fed maintains commitment to not raising interest rates

By Matt Carter | April 28, 2021 - 8:06 pm |April 28, 2021 Uncategorized

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The Federal Reserve restated its intent to keeping a lid on interest rates, saying the pandemic “continues to weigh on the economy, and risks to the economic outlook remain.” Continue reading →

Servicer Mr. Cooper investigated for unauthorized withdrawals

By Kelsey Ramírez | April 28, 2021 - 7:51 pm |April 28, 2021 Uncategorized

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Mr. Cooper announced that many of its consumers had unauthorized withdraws, now the Consumer Financial Protection Bureau is looking into the matter and the adverse effects it may have. Continue reading →

Housing market slows despite record low interest rates

By Kelsey Ramírez | April 28, 2021 - 3:56 pm |April 28, 2021 Uncategorized

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The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Continue reading →

CFPB officially delays new QM rule well into next year

By Kelsey Ramírez | April 28, 2021 - 3:16 pm |April 28, 2021 Uncategorized

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The CFPB announced that despite concerns from the housing industry, it is postponing compliance with its new QM rule until Oct. 1, 2022. Continue reading →

Lawsuit accuses United Wholesale Mortgage of antitrust violations

By Matt Carter | April 28, 2021 - 2:27 pm |April 28, 2021 Uncategorized

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A Florida mortgage broker alleges UWM is violating the law by refusing to do business with brokers who send loan applications to Rocket Mortgage or Fairway Independent Mortgage. Continue reading →

Citi pledges to serve more minority homebuyers

By Matt Carter | April 27, 2021 - 7:38 pm |April 27, 2021 Uncategorized

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The lender is expanding access to HomeRun and Lender Paid Assistance mortgage programs, two loan products that can be important tools for minority borrowers in low- and moderate-income neighborhoods. Continue reading →

Nationwide Equities fined $140K for alleged deceptive advertising

By Kelsey Ramírez | April 27, 2021 - 7:10 pm |April 27, 2021 Uncategorized

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The Consumer Financial Protection Bureau says the lender “misled borrowers into believing they could not lose their homes with a reverse mortgage.” Continue reading →

Nation’s largest thrift acquires top 20 mortgage lender

By Matt Carter | April 26, 2021 - 10:40 pm |April 26, 2021 Uncategorized

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Flagstar Bancorp Inc., a top 20 mortgage lender that does business nationwide, is merging with the nation’s largest thrift, New York Community Bancorp Inc., in a $2.6 billion deal will give the combined company nearly 400 branches in nine states. Continue reading →

Mortgage forbearances continue slow decline

By Kelsey Ramírez | April 26, 2021 - 8:00 pm |April 26, 2021 Uncategorized

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Mortgage forbearances decreased for the eighth consecutive week, though at a slower rate than the past two weeks, according to the latest Mortgage Bankers Association report. Continue reading →

Americans prioritize paying their mortgage during pandemic

By Kelsey Ramírez | April 26, 2021 - 7:12 pm |April 26, 2021 Uncategorized

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For Americans with mortgages, car payments and credit cards, a new TransUnion study shows paying their mortgage was a top priority during the pandemic. Continue reading →

Tag Archives: mortgage

Fed maintains commitment to not raising interest rates

Servicer Mr. Cooper investigated for unauthorized withdrawals

Housing market slows despite record low interest rates

CFPB officially delays new QM rule well into next year

Lawsuit accuses United Wholesale Mortgage of antitrust violations

Citi pledges to serve more minority homebuyers

Nationwide Equities fined $140K for alleged deceptive advertising

Nation’s largest thrift acquires top 20 mortgage lender

Mortgage forbearances continue slow decline

Americans prioritize paying their mortgage during pandemic

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