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Lending (1146)

House Votes to Scrap Trump’s 'True Lender' Rule

House Votes to Scrap Trump’s 'True Lender' Rule

Saturday, 26 June 2021
Lending
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The Trump administration’s “true lender” rule made it easier for banks and fintech companies to join forces without running afoul of state laws. Now, the House has voted to repeal it. So reports Bloomberg. Read more...
First American Settles With SEC Over Data Leak

First American Settles With SEC Over Data Leak

Saturday, 26 June 2021
Lending
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First American Financial has resolved SEC allegations stemming from the 2019 discovery of a cybersecurity flaw that exposed customer data. So reports Corporate Secretary. Read more...
Mortgage Rates Climb Over 3%, Hit Two-Month High

Mortgage Rates Climb Over 3%, Hit Two-Month High

Saturday, 26 June 2021
Lending
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U.S. mortgage rates have jumped above the 3% mark to their highest level in 10 weeks. So reports Bloomberg. Read more...
Forbearances Tick Down Slightly Over Past Week

Forbearances Tick Down Slightly Over Past Week

Sunday, 20 June 2021
Lending
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The number of active forbearance plans declined again in the most recently weekly data from Black Knight. The number fell by only 7,000 from the previous Tuesday. Read more...
Bodnar of MMG: What to Make of the Fed Rate Hike Forecast

Bodnar of MMG: What to Make of the Fed Rate Hike Forecast

Sunday, 20 June 2021
Lending
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Bill Bodnar of The Mortgage Market Guide (MMG) says it was all about the Fed last week and how they forecasted hiking rates in 2023 rather than in 2024, which was the previous expectation. Read more...
Mortgage Lending Soared 67.1% in 2020: The Fed

Mortgage Lending Soared 67.1% in 2020: The Fed

Sunday, 20 June 2021
Lending
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Mortgage lenders handled ballooning volumes last year, driven mainly by refinances to take advantage of extraordinarily low interest rates, according to the latest statistics from the Federal Reserve. So reports Reuters. Read more...
Fed Starts Telegraphing Shift to Tighter Monetary Policy

Fed Starts Telegraphing Shift to Tighter Monetary Policy

Sunday, 20 June 2021
Lending
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Federal Reserve officials have signaled that the central bank plans to start tightening up the historically loose monetary policy it has used to spur growth during a pandemic. So reports USA Today. Read more...
Mortgage Rates Ease to Four-Month Low Amid Inflation Optimism

Mortgage Rates Ease to Four-Month Low Amid Inflation Optimism

Sunday, 20 June 2021
Lending
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U.S. long-term mortgage rates have continued their weeks-long downward trajectory, slipping to their lowest point in four months. So reports Bloomberg. Read more...
Unemployment Claims Rise for First Time in Nearly Two Months

Unemployment Claims Rise for First Time in Nearly Two Months

Sunday, 20 June 2021
Lending
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First-time weekly jobless claims have posted their first increase since late April, Labor Department statistics show. So reports The Hill. Read more...
Angel Oak Mortgage Plans IPO

Angel Oak Mortgage Plans IPO

Sunday, 13 June 2021
Lending
Written by
According to an S-1 statement filed with the Securities and Exchange Commission, Atlanta-based Angel Oak Mortgage is looking to go public. So reports HousingWire. Read more...

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