HousingWireHousingWire As the U.S. workforce continues to age commensurately with the population at large, a new report by U.S. Money Reserve illustrates that the highest concentration of older workers — those at or over the age of 65 — are concentrated in the New England region of the country. Based…
Continue reading →HousingWireHousingWire By every metric, the nation’s affordable housing crisis has reached unprecedented heights. A record-high 22.4 million renter households are cost burdened, meaning they spend at least 30% of household income on housing and utilities, and we are short 7.3 million rental homes that are affordable and available to renters…
Continue reading →HousingWireHousingWire Presidents and board chairs of the 11 Federal Home Loan Banks (FHLBanks), under pressure to pump more money into affordable housing, sent letters to the U.S. Department of Treasury on Thursday saying that simply raising their contribution threshold will not address the complexities of the current housing crisis. Instead, the…
Continue reading →HousingWireHousingWire Florida-based V.A.-focused mortgage lender NewDay USA has reached an agreement with the Consumer Financial Protection Bureau (CFPB) over allegations that it provided misleading and incomplete cost comparisons to borrowers seeking cash-out refinance loans, the parties announced on Thursday. The deal, which includes a $2.25 million civil penalty, was reached…
Continue reading →HousingWireHousingWire CompassEdge Optimal Blue’s CompassEdge hedging and loan trading platform helps lenders maximize profitability with unmatched pipeline risk management tools, and dynamic loan sale and MSR valuation functionality. Attendees will experience new AI-powered assistants in CompassEdge that help lenders reduce manual processes associated with profitability attribution, projecting future pipeline changes,…
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