Mortgage groups gear up to get trigger leads bill passed in 2025
The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval.
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CFPB sues Rocket, The Jason Mitchell Group over RESPA violations
The CFPB is accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies.
Mortgage groups push FHA for loss mitigation extension
In November, the FHA proposed updates to its permanent loss-mitigation options based on lessons from the COVID-19 temporary policies.
Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble
Mortgage rates haven’t moved in tandem with recent Fed rate cuts. Don’t expect that pattern to change much after policymakers meet Wednesday.
CBO report shows GSEs have better conditions to repay Treasury by recapitalizing
The Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises could benefit the U.S. Department of the Treasury in most scenarios.
CoreLogic: Mortgage delinquencies kept climbing in September
September signified a steady decline in mortgage performance since the end of third-quarter 2023. About 3% of all mortgages were in some form of delinquency in September 2024 — up 20 basis points year over year, according to a CoreLogic report released this week.
AARP assesses aging in place, role for reverse mortgages
A new AARP report found that communities and policies need to work harder to address the aging in place preferences of seniors.
Uplist’s Jeff Bell on finding efficiencies for loan officers
Jeff Bell, president of UpWell Mortgage and Uplist, talks about the industry turning a corner after two rough years.
UWM, Better join Fannie Mae’s controversial title insurance waiver pilot
UWM and Better have joined Fannie Mae’s pilot program that waives lender title insurance requirements for certain refinance transactions.
Foreclosure filings dropped in November. Is market pressure finally easing up?
One in 4,795 homes had a foreclosure filing in November 2024. That equates to a total of 29,390 filings, down from 30,784 in October.