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
In renewing a call that building materials be exempt from tariffs, trade group notes that more than 70 percent of imported softwood lumber and gypsum used for drywall comes from Canada and Mexico. Continue reading
Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices. Continue reading
Mortgage lenders have renewed their calls to slash Federal Housing Administration mortgage insurance premiums to help buyers struggling with elevated housing costs and mortgage rates. Continue reading
Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date “TBD.” Continue reading
The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3 million followers on X. Continue reading
“Green Mirage” phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower’s actual mortgage lender and tricking victims into making payments to U.S.-based “mules.” Continue reading
Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8 million customers. Continue reading
Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it should have known borrowers couldn’t repay Continue reading
PACE lenders object to rule requiring them to evaluate borrowers’ ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other types of financing. Continue reading