Housing Wire
FEBRUARY 3, 2021
Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire. Such a scenario illustrates the growing disparities in the U.S. housing market.
Housing Wire
JANUARY 18, 2023
mortgage insurance market in 2023 to deteriorate. That will be offset by stable insurance in force, driven by increased persistency — a percentage that indicates the number of clients that an insurance company retained, the credit rating agency said in a separate report. mortgage insurance sector, according to the report.
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Housing Wire
SEPTEMBER 23, 2022
As bank regulators conduct a major CRA rulemaking, an honest assessment of CRA is that it has not been effective when it comes to bank mortgage lending. Instead, there are more effective ways to increase mortgage lending to underserved and minority borrowers. So why would we extend it to IMBs? These are all laudable social objectives.
Housing Wire
OCTOBER 23, 2020
Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance. The lawsuit, brought initially in 2016, alleged that Guild knowingly originated and underwrote mortgages that didn’t meet the program requirements of the FHA.
Housing Wire
MAY 7, 2023
In 2007, when sales were down big, total active listings peaked at over 4 million. We had high inventory levels while the unemployment rate was still excellent in 2007. This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S.
Housing Wire
OCTOBER 7, 2022
Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. We believe the U.S. this year through September.
Housing Wire
SEPTEMBER 15, 2023
That is how the director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra , began his remarks marking the 15th anniversary of the collapse of Lehman Brothers , the first proverbial domino to fall in the financial crisis of 2007-08 that ultimately gave rise to the establishment of the CFPB.
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