The Department of Housing and Urban Development has rescinded the ability for non-residents to qualify for a Federal Housing Administration-backed loan. While the policy shift is effective immediately, full implementation…
Mortage
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Several metrics, both from before and after the Trump Administration taking power, validate consumers’ fears regarding whether they can afford to buy a home. Prices were near or at record…
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Ongoing shifts in U.S. policy are introducing uncertainty for the securitized mortgage market, according to Fitch. While the scope of impact remains to be seen, the changes are already reverberating. …
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Dark Matter is about to enter a new phase in its brief history as a stand-alone entity, as in April, Sean Dugan, chief revenue officer, will take the CEO mantle…
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From left: Securities and Exchange Commission Chair-designate Paul Atkins; Comptroller of the Currency-designate Jonathan Gould; Assistant Secretary of Treasury-designate Luke Pettit; and Marcus Molinaro, Federal Transit administrator-designate. Bloomberg News WASHINGTON…
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Eighteen months after a string of hefty losses led to a management shakeup at a key U.S. subsidiary, Royal Bank of Canada executives pulled back the curtain Thursday on the…
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Specialized Loan Servicing, a mortgage servicer acquired by Newrez, faces fresh accusations of inflating balances on dormant second mortgages. A lawsuit filed in a North Carolina federal court alleges that…
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Mortgage rates declined for the first time in three weeks but remained in the same tight range it has for all of March, as uncertainty rules the market. As of…
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It’s been almost 18 years since the start of the last housing crisis and a majority of Americans believe one is on the horizon, a Clever Real Estate survey found.…
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Enjoy complimentary access to top ideas and insights — selected by our editors. In recent weeks, executives at Rocket Companies have seen the dismissal of a Consumer Financial Protection Bureau…