The Mortgage Bankers Association is backing the Federal Housing Finance Agency’s proposal to overhaul the Duty to Serve program. It urged regulators to preserve safeguards as they shift from strict regulatory requirements to a more flexible approach focused on results. Processing Content In a letter submitted on the final day of public commenting, MBA said […]
MBA backs Duty to Serve rewrite but wants guardrails Read More »
United Wholesale Mortgage is attempting to poke holes in Rocket Mortgage’s $100 million servicing lawsuit. Processing Content The wholesale leader hinted at its litigation strategy last week as it prepares a formal response to Rocket’s complaint over refinancing activity. Rocket accuses UWM of purposefully soliciting Mr. Cooper customers in violation of a non-solicitation agreement in
UWM fires back at Rocket in first salvo of $100M lawsuit Read More »
Mortgage rates hit a yearly high last week and even though housing demand is still positive year over year, it is slowing down, just not in a big way yet. Typically, in the past few years, when mortgage rates get above 6.64% and then break over 7%, housing demand slows. Housing data always improves when
Home sales are positive but higher rates slowing demand Read More »