A currated RSS Feed
The Consumer Federation of America (CFA) and its former CEO, Steve Brobeck, have a long history of advocating for policies that protect consumers. However, in recent efforts to curb real estate professionals, the CFA has seemingly lost sight of its core purpose: advocating for those most in need of consumer…
Continue reading →Lower continues to make moves designed to support its expansion efforts, hiring former Waterstone Mortgage executive Dustin Owen as its new divisional sales leader and senior vice president of growth. Owen, who is based in the Orlando area, spent the past 16 years at Waterstone, most recently as its vice…
Continue reading →UWM Holdings Corp., the parent of United Wholesale Mortgage, has adopted a strategy that differs from its peers to take advantage of a business landscape that is expected to include lower mortgage rates and more refinance activity. The Pontiac, Michigan-based company has opportunistically sold mortgage servicing rights (MSRs) with higher…
Continue reading →A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct. 31, 2024. That’s according to announcements from Fannie Mae, Freddie Mac and a…
Continue reading →Home prices continue to rise even as low inventory and high mortgage rates are keeping first-time and repeat homebuyers out of the market, but the pace of appreciation is starting to cool. That’s according to CoreLogic’s Home Price Index report, released Tuesday, which shows that annualized home-price growth in June…
Continue reading →