Mortgage applications

Are nonbanks likelier to lend to Black, Latino homebuyers?

11/30/20

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.

[more]

CFPB fines Washington Federal $200,000 for HMDA errors

10/27/20

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.

[more]

Access Denied episode 1: The wealth effect

10/26/20

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.

[more]

CFPB gives mortgage servicers relief to help struggling homeowners

06/23/20

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

[more]

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

06/08/20

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

[more]

Can government do anything to stop mortgage market contraction?

04/21/20

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.

[more]

JPMorgan halts home equity loans due to coronavirus

04/16/20

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%.

[more]

CFPB finalizes HMDA rule that gives reg relief to banks

04/16/20

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.

[more]

Virus scare creates perfect storm for mortgage lenders

03/19/20

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.

[more]