Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season.
The Consumer Financial Protection Bureau (CFPB) has ordered TD Bank to pay $28 million for illegal actions that could tarnish consumer credit reports and for not taking timely action to correct its errors.
In a recent episode of the “Real Estate Insiders Unfiltered” podcast, co-hosts James Dwiggins and Keith Robinson chat with HousingWire Lead Analyst Logan Mohtashami to discuss a variety of issues — including pending concerns of a recession, mortgage rates and housing affordability issues that persist across the country.
The Financial Stability Oversight Council (FSOC) has recommended that Congress consider expanding PTAP into a robust "liquidity backstop" for mortgage servicers during periods of market stress. This move could stabilize servicers, provide necessary liquidity support, mitigate risks, preserve servicing rights, bolster small lenders, and enhance warehouse lender confidence.