mortgages

NCUA awards credit unions $3.7M in grants and loans for pandemic relief

09/16/20

More than 160 institutions will use the money to help members weather the coronavirus by offering new products and providing help with loan payments.

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Midland States in Illinois to sell FHA origination platform

08/28/20

The company said the sale will provide more consistent financial results and allow it to redeploy funds to support other businesses.

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Credit unions fear planned GSE fee could cut into mortgage profits

08/28/20

Refinancing has been one of the bright spots in a difficult year for lending, and the industry has concerns that a fee to be imposed by Fannie Mae and Freddie Mac could slow down the business.

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Kasasa rolls out mortgage offering for credit unions

08/25/20

The product, which is also aimed at community banks, includes a "take-back" option that allows consumers to withdraw extra funds they've paid that go beyond their monthly scheduled mortgage payment.

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Refi fee will wipe out millions in mortgage profits

08/20/20

Lenders initally won't be able to pass on the cost of the Federal Housing Finance Agency's "adverse market fee" to borrowers whose rates on GSE-backed mortgages and refinances are already locked in.

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GSEs' new refi fee will hurt borrowers most

08/20/20

The higher charge on mortgages refinanced through Fannie Mae and Freddie Mac is supposed to cushion against a crisis but could contribute to one as the fees are passed on to struggling consumers.

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How COVID-19 cratered customer acquisition, profitability

08/19/20

New research finds that it's become harder than ever to acquire new customers — and equally challenging to engage newly acquired ones.

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Tenant groups seek banks’ help to forestall evictions

08/16/20

Housing advocates say lenders should require property owners who request loan forbearance to pause evictions during the coronavirus pandemic. But the banking industry says what’s really needed is another round of government stimulus.

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Household debt falls for first time since 2014

08/06/20

Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.

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Will green mortgages help U.S. banks reach climate goals?

08/05/20

As lenders redouble their efforts to measure the carbon impact of their loans, they’re finding that residential mortgages are often one of the biggest line items on their books.

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