Better launches HELOC, CES wholesale channel
The lender, which reported over $200 million in home equity line of credit volume in the recent quarter, suggests the business can deliver massive scale.
Mortgages
TransUnion study pushes back on single-score concept
Other studies have found fewer credit pulls could be viable, but this shows millions more would be adversely impacted than in a bi-merge.
Miran: China trade war further bolsters rate cuts
Federal Reserve Governor Stephan Miran said the economic standoff with China could increase market volatility, further necessitating the central bank to move its policy stance to neutral.
Supreme Court rejects petition on New York foreclosure law
Retroactive interpretations have bedeviled mortgage servicers and the market for older loans. The industry will be watching other cases in New York closely now.
Mortgage risks tied to federal furloughs flagged by KBRA
Fannie Mae and Freddie Mac's credit risk-transfers and some older private-label mortgage-backed securities have exposures to the Washington DC area.
Treasuries rise on signs government shutdown is hurting economy
While the shutdown has delayed the release of federally-compiled statistics, economists at Citigroup Inc. and Goldman Sachs Group said state-level data suggested initial jobless claims increased last week.
Foreclosures tick up in Q3, signaling borrower stress
Roughly 100,000 properties in the United States had a foreclosure filed in the third quarter this year, an increase on a quarterly and yearly basis, ATTOM said.
Equifax slashes VantageScore price to undercut FICO
Equifax will hold costs for scores from FICO rival Vantagescore through 2027 and offer other incentives meant to drive adoption of the alternative metric.
Trump calls on Fannie Mae, Freddie Mac to boost homebuilders
President Trump said big homebuilders are sitting on a record 2 million empty lots, and asked Fannie Mae and Freddie Mac to help restore the American Dream.
FHFA floats new housing goals amid broader proposal review
The oversight agency for Fannie Mae and Freddie Mac is taking a new approach to affordability targets and is withdrawing some unrelated, older initiatives.
Pennymac and Annaly forge new mortgage servicing alliance
The partnership centers on a master purchase agreement for a portfolio of mortgage servicing rights that the real estate investment trust is buying.
Bond yields sank — so why aren’t mortgage rates following?
While new jobs data contributed to falling Treasury yields, mortgage rates showed a mixed picture with some trackers moving in opposite directions.
FICO’s new pricing program met with cautious optimism
The credit scoring agency's rollout comes after years of criticism from home lenders over its prices, with delivery costs rising over 40% in the past year.
Servicers get extension for FHA updates at tough time
The FHA extended the mandatory implementation date for technical updates but things are still changing on Oct. 1, when the government could shut down.
New dangers in looming shutdown: How lenders can prepare
A potential government shutdown could create unprecedented risks for housing, delaying data releases, and affecting markets more than past shutdowns.
The echoes of 2007 are starting to become louder: credit weekly
But even if global financial crisis 2.0 doesn't come, investors may well be in for a rough ride in the coming months as frothy financial markets come to terms with a cyclical slowdown.
Mortgage applications’ meager gains contrast previous spike
Mortgage applications increased 0.6% last week after jumping 29.7% the week prior, according to the Mortgage Bankers Association.
Foreclosure sales inch up, consumer credit issues spread
The latest reports from ICE Mortgage Technology and VantageScore appear to be in line with hints at growing borrower pressure officials are eyeing in policy.
Home flipping profits drop to new multiyear low
The average return on investment for flipped homes was 25.1% in the second quarter this year, the lowest point since the second quarter of 2008.
Fed cuts but only some mortgage rates are moving lower
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
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