WASHINGTON — The Senate Banking Committee passed a package of housing bills unanimously in a 24-0 vote. The package, championed by Senate Banking Committee Chairman Tim Scott, R-S.C. and the panel’s ranking member Sen. Elizabeth Warren, D-Mass., is meant to slash red tape for housing construction and pump money into communities that are building more […]
Housing bills advance with pluses, minuses for bankers Read More »
Two, an investor and originator/servicer, recorded anticipated expenses from a dispute with a former external manager that weighed down second-quarter earnings as it navigated secondary market disruption. The real estate investment trust and owner of Roundpoint Mortgage Servicing reported a more than $270 million net loss to common shareholders (over $257 million including preferred and
Mortgage REIT Two weathers volatility and legal costs Read More »
The opinions published in National Mortgage News (“Credit Scores Are Not the Issue” by Christopher Whalen; “Pulte’s hands credit bureaus an unfair edge” by Chi Chi Wu), are incorrect and misleading. Contrary to the views expressed in those pieces, competition and modernization in the mortgage credit scoring system are significantly enhanced by VantageScore being allowed to compete by the FHFA.
Credit score competition reduces mortgage market risk Read More »
Upper-income Americans are increasingly falling behind on credit card and auto loan payments, signaling an underlying vulnerability in the US economy as the labor market slows. Delinquencies on such debts from those making at least $150,000 annually have jumped almost 20% over the last two years, faster than for middle- and lower-income borrowers, according to
Even top earners are falling behind on credit card and car payments Read More »
Victor J. Blue/Bloomberg Blackstone Inc. executive Wesley LePatner, who ran the firm’s $53 billion real estate fund for wealthy individuals, was killed Monday in the shootings at the firm’s Manhattan headquarters. “Words cannot express the devastation we feel. Wesley was a beloved member of the Blackstone family and will be sorely missed,” the firm said
Blackstone’s Wesley LePatner killed in Manhattan shooting Read More »
AGENTS: Did you know you can share a personalized version of this post? Learn more! For Buyers, For Sellers, Infographics, Home Prices, Forecasts Some Highlights With all the headlines circulating recently, you may be wondering what’s next for home prices? Here’s what the expert forecasts say. Home prices are still forecast to rise nationally this
Home Price Forecasts for the Second Half of 2025 Read More »
Halcyon, a provider of digital income and tax verification solutions, on Tuesday announced a new integration with Finastra, a financial services software company, to enable seamless digital management of IRS Form 8821 authorizations within Finastra’s Mortgagebot solution. This integration provides financial institutions with a faster and secure way to retrieve and manage tax transcript data
Halcyon integrates with Finastra on income verification solutions Read More »
Audit software and automation solutions company LoanLogics announced Tuesday that 11.5% of all U.S. mortgage file content was missing or erroneous over the past 10 years, according to an analysis of internal data. LoanLogics provides technology used to originate, manufacture, audit and service loans. Its systems process more than half of all U.S. mortgages each
LoanLogics finds persistent 11.5% error rate in US mortgage files Read More »
ICE Mortgage Technology’s new integration of its servicing and origination platforms reflects a broader trend in the mortgage industry — offering home equity loans while rates remain high and preparing for refinances as rates begin to decline. The same logic underpins deals such as Rocket Companies’ acquisition of Mr. Cooper Group and Bayview Asset Management’s
ICE links MSP and Encompass to unlock home equity, refi loans Read More »
Fannie Mae and Freddie Mac are set to accept newer credit scores that incorporate nontraditional data, a long-anticipated move that could expand access to home loans — but not without raising new questions and costs. That was the conclusion some experts like James Bennison, former executive vice president and head of alternative markets at Arch
Score modernization taking shape but ROI tough to quantify Read More »