- Lawmakers unveil competing flood insurance billMembers from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee.... Read more »
- Mortgage profits lag origination gains at Wells Fargo, JPMorgan ChaseWells Fargo and JPMorgan Chase recorded stronger mortgage originations in the second quarter as rates fell, but profits from single-family loans were lower than a year ago due to decreased servicing revenue.... Read more »
- Builder confidence inches up despite lingering labor, land shortagesHomebuilders' optimism increased as low mortgage rates fueled demand. However, affordability constraints and the continuing scarcity of construction workers and land parcels remain concerns.... Read more »
- Housing remains positive as uncertainty holds down rates: Fannie MaeFannie Mae increased its mortgage origination forecast as lower interest rates, driven by economic uncertainty, will lead to more refinance activity, but other factors will continue to hold back home purchases.... Read more »
- Invictus returns with $368.9M investor-property RMBSVerus Securitization Trust 2019-INV2 is backed by investor loans secured by 1,042 rental properties. The loans were originated by 76 different lenders.... Read more »
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