State regulators and consumer advocates are pushing back against two proposals from the Office of the Comptroller of the Currency (OCC) that would expand banks’ authority over escrow accounts and assert that federal law preempts state rules that govern these accounts. In a joint letter, the Conference of State Bank Supervisors (CSBS) and the American […]
OCC escrow plan opposed by regulators, consumer advocates Read More »
Mortgage lenders are seeing loan defects stabilize after several volatile years, but shifts in interest rates and loan volumes continue to expose weaknesses in quality control (QC), according to ACES Quality Management CEO Trevor Gauthier and chief operating officer Phil McCall. In an interview with HousingWire, Gauthier and McCall highlighted staffing cuts, refinance surges and
Mortgage defects stabilize as lenders face quality control issues Read More »
While there was certainly plenty of volatility elsewhere in the financial market this week, there was almost none to be found in mortgage rates. Wed, Thu, and Fri all recorded the exact same level in MND’s 30yr fixed rate index–something that only happens a few times every year. Rates are based on bonds and bonds
Mortgage Rates Sidestep Into The Weekend Read More »