The CFPB sued Vanderbilt Mortgage and Finance, alleging the manufactured-home loan lender failed to meet ability-to-repay rules when originating non-qualified mortgages.
After explosive growth in the second quarter, originations of adjustable-rate mortgages failed to keep pace with overall originations. (Includes data table.)
Correspondent lenders took some market share from both the retail and broker channels in the nonconforming market in the third quarter. (Includes two data tables.)