President-elect Joe Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed.
Today, the Consumer Financial Protection Bureau (Bureau) filed a lawsuit against 1st Alliance Lending, LLC, John Christopher DiIorio, Kevin Robert St. Lawrence, and Socrates Aramburu for allegedly engaging in various unlawful mortgage-lending practices. 1st
Mortgage bond prices finished the week lower which put upward pressure on rates. Rates worsened sharply Monday and Tuesday in continuation of the recent rate spikes. The selling pressure reversed course the latter portion
The recent donation commemorates Rocket Community Fund's sixth year supporting Habitat's neighborhood revitalization efforts Today the Rocket Community Fund, the philanthropic arm of Rocket Mortgage, the nation's largest mortgage lender, announced a donation of $545,000 to
Freddie Mac (OTCQB: FMCC) announces the pricing of the SB82 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to issue
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2020 shows mortgage applications for new home purchases increased 42.2 percent compared from a year ago. Compared to November 2020, applications increased
Fannie Mae Fulfills its Mission in Supporting the Multifamily Market Amid Pandemic-Driven Disruptions to Economy and Financial Markets Fannie Mae (OTCQB: FNMA) provided $76 billion in financing to support the multifamily market in 2020, the highest volume
Pending-sales growth of 35% far outpaced that of new listings, up 14% The national median home-sale price rose 13% year over year to $334,300 in December, according to a new report from Redfin (www.redfin.com), the technology-powered real estate