Industry trade groups as well as analysts believe the proposed waiver pilot is purely a political gesture and will, in fact, expose borrowers and lenders to financial risk.

President Joe Biden last week proposed a mortgage tax credit of $400 a month for up to two years to help borrowers buy their first homes.

The FHLBanks, like Fannie Mae and Freddie Mac, have a public/private structure that can incentivize private profits at public cost. Don Layton, former Freddie CEO, said the banks are ripe for reform.

What does the stalled mortgage job market need? An interest rate cut by the Federal Reserve. Otherwise, limited hiring and layoffs will be the order of the day.

Millennials, defined as borrowers aged 27 to 42, received the majority of mortgage offers made through LendingTree’s platform.

Housing Secretary Fudge resigns; IRS postpones controversial changes to IVES; regulators to alter Basel capital proposal; banking regulators waive appraisal requirements in Maui; feedback sought on bank call-report proposal.

The CFPB and the FTC have filed an amicus brief supporting borrowers in a case against Ocwen Loan Servicing, while lender trade groups urged the Supreme Court to intervene in a federal preemption case.

The six-bill appropriations package, which includes FY2024 funding for the departments of Housing and Urban Development and Veterans Affairs, now heads to the Senate.

As long as struggling mortgage companies show that they’re on the path to profitability, warehouse lenders say they have their back.

Banner Bank denied the allegations, but said it agreed to a class settlement to fully focus on its core business.