Refinancing continued to account for most new business at Fannie Mae, Freddie Mac and Ginnie Mae in 2021, and the biggest gain was in purchase-mortgage activity. (Includes two data charts.)
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Loan-level price adjustments charged by the government-sponsored enterprises for loans in high-cost areas and for second-home mortgages are set to increase this spring.
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Lenders are increasingly using evaluations to determine home values rather than completing full appraisals. The evaluations carry risks for both lenders and borrowers, according to a recent report by the Government Accountability Office.
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The market isn’t viewing publicly traded mortgage lenders favorably these days and that’s a problem for the one remaining IPO/SPAC candidate: Better.com.
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Two nonbanks are trading accusations tied to the pilfering of staff, at least that’s how it started. Eventually, the case could be settled out of court but not before some damaging allegations get aired in public.
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FDIC Chair Jelena McWilliams’ resignation clears the path for Democratic control of FDIC rulemaking, which could translate into tougher bank merger rules.
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