Carrington Mortgage non-QM expert returns; Bilt Rewards to offer mortgage payment rewards following funding round; Colonial Savings to launch new mortgage servicing ecosystem; TD Bank announces community impact plan to target LMI and minority borrowers.
The MBA is taking its concerns about rising costs for obtaining credit scores to the Federal Housing Finance Agency, the Consumer Financial Protection Bureau and the Federal Trade Commission, among other entities.
The government-sponsored enterprise said it has identified a significant number of fraudulent appraisals tied to mortgages originated between 2021 and 2023.
If the government-insured mortgage programs don't follow FHFA in shifting to a bi-merge process, then it's not worth making the switch for GSE loans, according to CHLA.
"Our expectation remains that the next quarter will be amongst the toughest the industry has seen in the last 15 years," said Matt Scurlock, a managing director and chief financial officer at Texas Capital Bank.
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