CFPB adjusts exemption thresholds for Reg C, Reg Z
The CFPB announced the annual threshold adjustments for asset-size exemptions from Regulation C, which implements the Home Mortgage Disclosure Act,...
Mortgage
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.93%. The rate for a 15-year fixed-rate mortgage was 6.14%.
ABA DataBank: No early payoff
Mortgage prepayments remain unlikely to rise amid higher rates.
ABA joins groups in creating ROV white paper
ROV allows borrowers to request that appraisers re-assess the appraised value of a property due to potential reporting deficiencies or...
Analysis: Mortgage default risk rose in Q3 2024
Mortgage delinquency risk increased from 2.03% in the second quarter of 2024 to 2.12% for loans acquired in the third...
CFPB sues nonbank mortgage provider over alleged Truth in Lending Act violation
In a lawsuit brought against Vanderbilt Mortgage and Finance, the CFPB alleges the company manipulated lending standards when borrowers did...
ABA, groups urge FHA to improve loss mitigation options for borrowers
ABA and several industry and consumer groups are asking FHA to extend the expiration date for pandemic-related protections for borrowers...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.91% this week. The rate for a 15-year fixed-rate mortgage was 6.13%.
Agencies eliminate PSPA restrictions on Fannie Mae, Freddie Mac conservatorships
FHFA and Treasury Department will delete provisions in the preferred stock purchase agreements governing the conservatorships of Fannie Mae and...
Home prices showed slight uptick in October
House prices rose 4.5% from October 2023 to October 2024. The previously reported 0.7% price growth in September remained unchanged.
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