This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
DS News - Demetria Lester
According to recent statistics from Epiq's Bankruptcy Analytics platform, U.S. bankruptcy filings rose 7% across all chapters for the second consecutive month in September.
The Justice Department's Transnational Elder Fraud Strike Force has been expanded by adding 14 additional US Attorney's Offices in an effort to protect older Americans from fraud.
Search our Compliance Calendar for current regulatory changes & updates.
MBA NewsLink
The Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey on October 5, 2022, that mortgage applications took a big hit last week, falling to their lowest level in 25 years as interest rates rose to their highest since 2006.
MBA NewsLink
Black Knight reports home prices decreased in August for the second consecutive month.
MBA NewsLink
Redfin reported that the average homebuyer’s monthly mortgage payment has increased by $337 (15%) over the past six weeks.
MBA Newslink--Bill Killmer; Pete Mills
This weeks update includes information on housing sustainability and affordability, duty to serve, agency and state updates and more.
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Join us at the Broadmoor in Colorado Springs on May 18-20, 2025.
M Report – Eric C. Peck
According to Freddie Mac’s most recent report reports, the 30-year FRM averaged 6.70%, with an average of 0.9 points as of September 29, 2022, up from last week’s average of 6.29%.
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the new residential sales statistics for August 2022.
MBA Newslink - Mike Sorohan
The Mortgage Bankers Association has released what you need to know for the week of September 26, 2022.
MBA Newslink--Bill Killmer; Pete Mills
This week’s update includes information on MBA participants in the White House meeting on housing supply and affordability. CFPB releases RFI regarding mortgage refinances and forbearance, and major bank CEOs testify before congress.
"By partnering with ACES, we have witnessed an overall improvement in the quality of our reviews."
-Hilda Melendez, Quality Control Systems Director at Lennar Mortgage
As part of a broader CFPB initiative promoting competition and innovation, the information request seeks insight on new mortgage options to support homeowner stability.
MBA Newslink--Mike Sorohan
IN an effort to ensure RHS programs are accessible, David Battany, Co-Chair of the MBA Affordable Homeownership Advisory Council, told members of a Senate Banking subcommittee that policymakers can advance rural housing lending by addressing three areas: better workflow; better technology; and better loan products.
The Federal Trade Commission and the California Department of Financial Protection and Innovation (DFPI) have taken action against Home Matters USA and related companies after the operation misled consumers and scammed them out of millions of dollars.
The United States Department of Agriculture (USDA) established its Single-Family Housing Guaranteed Loan Program in 1991 to help expand access to mortgage financing in rural areas, and this week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs will host a hearing titled “Examining the U.S. Department of Agriculture’s Rural Housing Service: Stakeholder Perspectives”.
