Fannie Mae Extends Protections for Renters Affected by COVID-19Mortgage Ledger Staff2021-06-03T23:01:33-04:00
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Ledger Staff2021-06-03T23:01:33-04:00Mortgage applications decreased 4.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 28, 2021. This week’s year-over-year results are being compared to the week of Memorial
Fed issues warning on credit scoring system post-pandemic
Mortgage Ledger Staff2021-05-25T14:59:03-04:00The Federal Reserve Bank of New York said credit scoring systems—which issuers use to determine consumer creditworthiness—may have become less reliable during the pandemic as a result of COVID-19 relief programs, per Bloomberg. The Fed’s analysis found that homeowners
CFPB Sues LendUp Loans, LLC for Violating the Military Lending Act
Dana2020-12-04T15:06:28-05:00WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (Bureau) filed a lawsuit against LendUp Loans, LLC (LendUp). The Bureau alleges that LendUp violated the Military Lending Act (MLA) in connection with its extensions of credit. LendUp, which has its principal
Economic News Release – State Employment and Unemployment Summary
Mortgage Ledger Staff2020-10-20T14:37:43-04:00STATE EMPLOYMENT AND UNEMPLOYMENT -- SEPTEMBER 2020Unemployment rates were lower in September in 30 states, higher in 8
states, and stable in 12 states and the District of Columbia, the U.S.
Bureau of Labor Statistics
MBA Elects 2021 Board of Directors
Mortgage Ledger Staff2020-10-20T14:21:23-04:00WASHINGTON, D.C. (October 20, 2020) – The Mortgage Bankers Association (MBA) today announced its Board of Directors for the 2021 membership year during MBA’s virtual 2020 Annual Convention & Expo. The Board of Directors will be chaired by Susan Stewart, Chief Executive
HUD AWARDS MORE THAN $12.5 MILLION IN HOUSING COUNSELING GRANTS
Mortgage Ledger Staff2020-10-20T14:21:23-04:00Supplemental funding will provide additional resources for HUD-approved housing counseling
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $12.5 million in supplemental housing counseling grants. These supplemental grants will support quality housing counseling
August jobless rates down in 41 states, up in 2; payroll jobs up in 40 states
Mortgage Ledger Staff2020-09-18T13:16:16-04:00State Employment and Unemployment Summary
For release 10:00 a.m. (ET) Friday, September 18, 2020 USDL-20-1737Technical information:
Employment: sminfo@bls.gov * www.bls.gov/sae
Unemployment: lausinfo@bls.gov * www.bls.gov/lauMedia contact: (202) 691-5902 * PressOffice@bls.gov
Government mtg bailout numbers improve, but the real test looming on the horizon
Mortgage Ledger Staff2020-09-18T12:57:33-04:00- The number of mortgages in active forbearance programs, where borrowers delay their monthly payments for at least three months, declined by 26,000 last week or 0.7%, according to Black Knight, a mortgage technology and data firm.
- As of Sept.
New York Prosecutors Appeal Manafort’s Double Jeopardy Fraud Dismissal
Mortgage Ledger Staff2020-07-03T14:17:11-04:00New York prosecutors wanting to file state mortgage-fraud charges against Paul Manafort say their case is much different from one that sent President Trump’s former campaign chairman to federal