The 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
WASHINGTON, 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
STATE 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
WASHINGTON, 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
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
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
New 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
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $1,600 on each loan they originated in the first quarter of 2020, up from a reported gain of $1,182 per loan in the fourth quarter
Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) have launched new websites that provide key resources
