Climate risk? "Urgent but manageable" industry stakeholders say
National Mortgage News
by Maria Volkova
28m ago
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday ..read more
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FHLBs should double financing for affordable housing, regulator says
National Mortgage News
by Spencer Lee
28m ago
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers ..read more
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Non-QM delinquencies rise, but losses remain subdued
National Mortgage News
by Brad Finkelstein
7h ago
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said ..read more
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Ginnie Mae wants more details on mortgage defaults
National Mortgage News
by Bonnie Sinnock
9h ago
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting ..read more
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Mortgage rates hit a five-month high
National Mortgage News
by Brad Finkelstein
9h ago
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season ..read more
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Existing-home sales decline as rates keep buyers sidelined
National Mortgage News
by
12h ago
Contract closings decreased 4.3% from a month earlier to a 4.19 million annualized rate, according to National Association of Realtors data released Thursday ..read more
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Figure launches AI-powered customer service chatbot
National Mortgage News
by Maria Volkova
14h ago
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday ..read more
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20 states with the lowest property taxes
National Mortgage News
by NMN Staff
18h ago
The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44 ..read more
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FICO welcomes new mortgage clients to its 10T scoring model
National Mortgage News
by Spencer Lee
1d ago
Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently ..read more
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CFPB makes structural changes after expanding authority over nonbanks
National Mortgage News
by Kate Berry
1d ago
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision ..read more
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