Part of a recent executive order from President Trump that calls for potential changes to the qualified mortgage definition and its safe harbor could increase competition for certain types of loans, depending on how and if it progresses. Processing Content Changes that the broader mortgage credit order calls for include having the Consumer Financial Protection […]
How Trump’s EO could redraw QM’s safe harbor lines Read More »
An elaborate scheme involving 11 perpetrators, stolen identities and title fraud has resulted in $6 million in lender losses and criminal charges against the alleged scammers, according to new court documents. Processing Content Federal prosecutors arrested the defendants, who were arraigned in Southern California and Florida courts late last week, following a grand jury indictment
Synthetic IDs, false docs play role in $6M home lending scam Read More »
Despite mortgage rates reaching nearly 4-year lows last month, the gap between sellers and buyers in the housing market grew to its largest size on record. Processing Content There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a new Redfin report. That is the
Sellers outnumber buyers by record margin in February Read More »