With three of Donald Trump’s adversaries now under investigation for occupancy fraud, the practice of misstating a home’s intended use on mortgage applications is drawing fresh scrutiny. We asked experts how widespread the problem really is and what the renewed attention could mean for the industry. The type of fraud a government-sponsored enterprise regulator is […]
As Trump, foes collide, occupancy fraud is spotlighted Read More »
Mortgage performance improved in July, signaling overall strength for the typical U.S. homeowner, but pockets of troubled borrowers are evident in the latest data, according to an Intercontinental Exchange report. The national delinquency rate came in at 3.27% in July, equivalent to 1.79 million loans, and fell 8 basis points from the previous month, ICE
Mortgage defaults ease to start second half of 2025 Read More »
Stripping away decades of precedence and standardized regulation makes compliance a moving target — especially for lenders whose operations span state borders — yet this is exactly what happened earlier this summer. SCOTUS’ impact on the lending landscape The Supreme Court’s June 20th decision in McLaughlin Chiropractic Associates, Inc. v. McKesson Corp. ruled that federal
How McLaughlin v. McKesson will implicate lender operations Read More »