Katie Jensen is a mortgage news reporter at NMP.
The CFPB established temporary special safeguards to ensure that borrowers have time before foreclosure to explore other options of repayment, including loan modifications and selling their home.
The housing market shows signs of cooling down as mortgage rates continue to tick above 3% for the first time in 10 weeks.
Rapid price appreciation for homes is driving declines in affordability, despite increased levels of income and low mortgage rates.
Fannie Mae and Freddie Mac offer a new refinance option for eligible borrowers with incomes at or below 80% of the area’s median income.
According to the latest Mortgage Monitor Report from Black Knight Inc., dwindling levels of inventory are pushing the prices of homes to unseen levels.
Nationwide Appraisal Network (NAN) will now wire appraisers their full appraisal fee within 24 hours for work completed on time or early.
The CFPB is aware of concerns regarding implementation of the new Juneteenth Federal holiday as it relates to mortgage lender compliance with Truth in Lending Act.
While it can be exciting to ride the wave when the industry is thriving, brokers and loan originators need to consider strategies for long-term success.
The use of mobile wallets has increased nearly 50% throughout the pandemic.
The White House appointed Sandra L. Thompson as acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Her statement reveals that a permanent director will be confirmed in December.