The last time that refinances accounted for this small of a share of mortgage applications, America was in the midst of a financial meltdown. Overall applications fell. A more than 3 percent seasonally adjusted retreat from the previous seven-day period was recorded...
A pioneer in the private-label mortgage-backed securities market has turned his focus to applying blockchain principles to the home-lending industry. Blockchain is a system where the invested players in a particular market jointly maintain a digital ledger of a...
WASHINGTON — Sen. Elizabeth Warren (D-Massachusetts) is requesting that the Federal Reserve Board of Governors hold a formal vote on whether to accept a plan from Wells Fargo & Co. to address consumer abuses. In a letter to Fed Chairman Jerome H. Powell...
In certain situations, the Federal National Mortgage Association will allow home lenders to help borrowers with some of the cash needed to close on a home-purchase transaction. Washington-based Fannie Mae has clarified that lender-sourced contributions for closing...
For the first time in nine months, the performance of securitized commercial real estate loans deteriorated. Loan secured by office building led the increase. The rate of delinquency of at least 30 days on loans that are included in commercial mortgage-backed...
