Servicing outstanding on 1-4 family mortgages increased by an estimated 0.8% during the third quarter. Ginnie servicing grew at more than twice that pace, fueled by refinance originations. (Includes two data tables.)
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The Mortgage Bankers Association said HUD regulations don’t expressly prohibit convenience fees, and a retroactive administrative enforcement of an “apparent new policy” is inappropriate and misguided.
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As nonbanks go, so goes the warehouse lending sector. Commitment levels are rising but higher interest rates could cause some turbulence in the months ahead. (Includes data table.)
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Some former federal officials who spoke this week at a policy conference said the Trump administration might roll back, or at least revisit, recent housing regulations that touch on climate change.
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Legislation to limit trigger lead activity was removed from “must-pass” defense spending legislation. Still, mortgage industry participants are confident Congress will pass the trigger leads ban as soon as next year.
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About 40 million households are making consistent monthly rent payments that are equal to or greater than the average monthly mortgage payment, according to one estimate.
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