Originations of home equity lines of credit and closed-end second liens declined somewhat in the third quarter. Home price appreciation was offset by rising interest rates. (Includes three data tables.)
Read More
The Financial Stability Oversight Council’s annual report included four recommendations to address concerns about risks from nonbank mortgage servicers.
Read More
Nonbanks regained market share among the top 100 mortgage producers in the third quarter despite a small decline in volume. First-lien lending at small banks and credit unions was up. (Includes two data tables.)
Read More
Housing industry trade groups are getting behind bipartisan legislation in the Senate which would prohibit consumer reporting companies from selling consumers’ contact information when they apply for a mortgage.
Read More
Community Home Lenders of America has sent a letter to federal mortgage regulators urging them to look into the potential mortgage financing fallout from the court ruling in Sitzer/Burnett v. NAR.
Read More
Federal regulators discussed best practices for lenders’ redlining analysis to head off regulatory risk. Separately, Navy Federal Credit Union faces mortgage lending discrimination allegations.
Read More