The Mortgage Bankers Association said it brought the issue to the attention of the CFPB. The result: At least eight lenders have been sanctioned. More on the way?
Flipped houses represented 6.7% of all single-family homes and condos sold in the second quarter, down from 7.5% of all sales in the prior period. (Includes data chart.)
The Mortgage Bankers Association and the National Association of Realtors have urged Congress to stop hiking VA loan-guarantee fees to offset the costs of non-housing programs involving veterans.