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.
Chopra, a commissioner
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 Alliance, based in Hartford, Connecticut,
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 of the week. Consumer prices rose
Apologies to Steve Martin. We were hoping that 2021 would not be as wild and crazy as 2020. Yet the first few days of January was anything but calm. We started with spikes of COVID-19 as holiday gatherings
The median home sale price increased 14% year over year to $320,025, according to a
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 approximately
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 by 0.2 percent. This change does
The national median home-sale price rose 13% year over year to $334,300 in December, according to a new report from Redfin (
According to Freddie Mac’s (OTCQB: FMCC) Quarterly Forecast, the current low mortgage interest rate environment is projected to continue with the 30-year fixed-rate mortgage averaging below three percent through the end of 2021.
“Despite
