In a stunning legal move, the Consumer Financial Protection Bureau is asking a federal court to vacate a redlining settlement because the Trump administration disagrees with it. Nonprofit groups oppose…
Category:
Mortage
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The FHA is moving faster to scale back temporary relief measures for borrowers affected during the pandemic. A temporary loan-modification option will end on Sept. 30 and the new permanent…
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The founder and CEO of Republic State Mortgage, Robert Wagnon, has sold his controlling interest in the Houston-based company to Andrina Valdes, the CEO of Temul Capital and Alta Home…
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Bloomberg News The Office of the Comptroller of the Currency will merge its large, midsize and community bank supervision units into a single office, according to an agency announcement on…
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Federal Reserve Chair Jerome PowellBloomberg News Federal Reserve Chair Jerome Powell said the U.S. economy could suffer lasting damage if global investors no longer view it as a safe haven.…
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Depository institutions, which largely pulled back from the mortgage market following the Great Recession, are hoping the Trump administration will make it easier for banks to originate loans. In recent…
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The Mortgage Bankers Association now expects the 30-year fixed to average 7% during the current quarter, but is also predicting slightly higher total originations compared to their predictions from a…
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