Mortgage applications

Are nonbanks likelier to lend to Black, Latino homebuyers?


A new report from California shows that less-regulated mortgage lenders may be doing a better than banks of serving Black and Latino homebuyers. But consumer advocates say the data bolsters the case for tougher supervision of nonbanks.


CFPB fines Washington Federal $200,000 for HMDA errors


The agency found a 40% error rate in the 2016 data submitted by the Seattle bank. In addition to the fine, the institution is required to improve its compliance systems.


Access Denied episode 1: The wealth effect


Net worth disparities and the role housing and mortgage discrimination play in Black homeownership show that it's impossible to close the gaps without eliminating racism.


CFPB gives mortgage servicers relief to help struggling homeowners


A new CFPB rule will expedite the forbearance and loss-mitigation process for consumers suffering financial hardship from the pandemic.


Why the pandemic isn’t scaring away first-time homebuyers


One segment of the market, at least, has proved more resilient than many feared early on in the crisis.


Can government do anything to stop mortgage market contraction?


Efforts to calm lenders’ fears about coronavirus-related forbearance may not offset tightening standards, and the FHA is less likely to boost volume than it was during the financial crisis.


JPMorgan halts home equity loans due to coronavirus


The nation's largest bank is temporarily reducing its exposure to the mortgage market amid rising unemployment and estimates that home prices could drop by 10%.


CFPB finalizes HMDA rule that gives reg relief to banks


The move is part of an effort by CFPB Director Kathy Kraninger to help smaller lenders by significantly raising loan thresholds for collecting and reporting mortgage data.


Virus scare creates perfect storm for mortgage lenders


Refinancing activity is surging, existing borrowers are inquiring about loan modifications, loan closings are being delayed by more complex credit checks — and banks are short on people to handle it all.