Retail lending took another precipitous drop in the third quarter. But the fall is more of a return to the norm after heady days fueled by refinances. (Includes data chart.)
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Year-to-date, home equity conversion mortgage volume is up a dramatic 49.9% compared to last year. But volume dropped sequentially for the first time in seven quarters. (Includes three data charts.)
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Real estate agents can now also act as loan officers on the same single-family mortgage transaction. But smaller lenders worry that larger competitors will wipe out referral business by hiring dual-purpose employees.
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The VA Housing Loan Forever Act of 2022 would provide the VA home guarantee benefit to descendants of minority veterans who were unjustly denied access to the program.
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Responding to a federal Interagency Community Investment Committee request for information, mortgage lender trade groups and housing advocates asked for more funding for community development financial institutions that provide home loans in underserved communities.
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Senate passes VA home loan benefit legislation; FHA allows HECM property charges repayment plan; FHA lenders can continue face-to-face interview alternatives; VA releases new loan review API; and more.
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Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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