Tag Archives: mortgage

Senate confirms Scott Turner as HUD secretary in 55-44 vote

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Former Texas state representative and NFL star Scott Turner will now lead the Department of Housing and Urban Development after being confirmed in a Senate vote of 55-44. Continue reading →

Inventories on track to normalize in 40% of US markets this year

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After growing by 22 percent last year, inventory is “a bright spot for a market that’s been dealing with deep deficits in recent years,” according to ICE Mortgage Monitor report for February. Continue reading →

Wells Fargo closes 2 more consent orders in quest to shed asset cap

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Getting out from under $1.95 trillion cap would allow the bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie. Continue reading →

Rules on closing costs, PACE loans on CFPB chopping block

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In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here’s what that potentially means for the recent slate of rules and lawsuits targeting the mortgage i… Continue reading →

Rules on closing costs, PACE loans on CFPB chopping block

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In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here’s what that potentially means for the recent slate of rules and lawsuits targeting the mortgage i… Continue reading →

LoanStream Mortgage exec arrested after fatal car accident

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President of Irvine, California-based wholesale mortgage lender with history of drunk driving convictions arrested on suspicion of murder after 88-year-old man is killed in head-on accident. Continue reading →

87% of mortgage lead gen comes from referrals and past clients

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When it comes to mortgages, Mike DelPrete writes, online lead generation is certainly a piece of the puzzle, but it pales in comparison to the power of referrals and existing relationships. Continue reading →

Cash offer pioneer Evergreen Home Loans expands to Southeast

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Partnerships with real estate agents and builders laid the groundwork for the foray into Florida, Georgia, North Carolina, South Carolina and Tennessee led by former Guild Mortgage exec John Porath. Continue reading →

Homebuilders anxiously await details on Canada, Mexico tariffs

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Bond market investors who fund most mortgages didn’t panic Friday over reports that the U.S. will impose tariffs on China, Canada and Mexico on Saturday, but details remain sketchy. Continue reading →

Ted Cruz aims to defund CFPB with implications for lender oversight

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Although the agency was created by Democrats in an effort to protect consumers from abusive financial practices, it has continued to be viewed by Republicans as an unchecked power Continue reading →