WASHINGTON — The Senate Banking Committee passed a package of housing bills unanimously in a 24-0 vote. The package, championed by Senate Banking Committee Chairman Tim Scott, R-S.C. and the panel’s ranking member Sen. Elizabeth Warren, D-Mass., is meant to slash red tape for housing construction and pump money into communities that are building more […]
Housing bills advance with pluses, minuses for bankers Read More »
Two, an investor and originator/servicer, recorded anticipated expenses from a dispute with a former external manager that weighed down second-quarter earnings as it navigated secondary market disruption. The real estate investment trust and owner of Roundpoint Mortgage Servicing reported a more than $270 million net loss to common shareholders (over $257 million including preferred and
Mortgage REIT Two weathers volatility and legal costs Read More »
The opinions published in National Mortgage News (“Credit Scores Are Not the Issue” by Christopher Whalen; “Pulte’s hands credit bureaus an unfair edge” by Chi Chi Wu), are incorrect and misleading. Contrary to the views expressed in those pieces, competition and modernization in the mortgage credit scoring system are significantly enhanced by VantageScore being allowed to compete by the FHFA.
Credit score competition reduces mortgage market risk Read More »