- CFPB sues 1st Alliance alleging improper LO licensingThe suit is likely to be watched closely by the broader industry because its outcome may help to define the roles licensed loan officers must play in consumer-direct operations to be compliant.... Read more »
- Mortgages surprisingly resilient in early bank earnings: KBWWhile some industry forecasts predicted origination volumes would fall 7% quarter-to-quarter in 4Q, early earnings numbers from Wells Fargo, JPMorgan Chase, Citi and PNC Bank show they were down just 3% when purchased loans are excluded.... Read more »
- Fannie and Freddie boost 2021 forecasts due to vaccine distributionDespite mortgage rates expected to rise modestly in 2021, a bolstered Biden administration stimulus package and COVID-19 vaccination efforts bring promise for economic recovery.... Read more »
- Mortgage industry reacts to FHFA-Treasury's GSE reform dealPricing parity is a big hit with lenders, but the MBA questions retaining certain limits on what Fannie and Freddie can purchase.... Read more »
- It’s time to make work-from-home regulations permanentThe move to a remote work model is a long-term, technology-driven transformation, which was well underway prior to the pandemic and will continue long after the pandemic, Matthew VanFossen and Taylor Stork, members of the Community Home Lenders Association, argue.... Read more »
Learn more at nationalmortgagenews.com