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Unintended consequences of shifting the burden for title insurance to the lender could end up harming consumers, several observers said.
April 10 -
In a study posted weeks after it raised concerns about "junk fees," the Consumer Financial Protection Bureau noted that the amount of borrowers paying discount points doubled from 2021 to 2023, with the increase larger among consumers with lower credit scores.
April 5 -
The $12.1 billion-asset DCU launched the loan platform in 2022, and has seen volume jump by close to $600 million from when talks began in 2019 to last year.
April 5 -
A trio of Republican Congressmen stated they will investigate how the program got fast-tracked by the Biden Administration.
March 19 -
While some said the agency was ignorant of its own rules, one trade group praised the goals of the posting.
March 11 -
Regulatory reform – rather than Biden's proposed solutions – is needed to fix the inventory crisis, some say, but others applauded the president's buyer cost-cutting initiatives.
March 8 -
The title proposal is part of a broader housing cost reduction proposal being discussed in the State of the Union speech.
March 7 -
Some proposed changes to uniform mortgage-backed securities, apartment loans and derivatives will be made while one involving credit reports and scores was pulled.
November 21 -
The program helped more than 23,000 consumers establish credit scores in its first year through partnerships with three fintechs, all of which were chosen to renew their participation.
November 14 -
Even though it is less than two years since it allowed Fannie Mae and Freddie Mac to accept such valuations, it is difficult to evaluate their effectiveness without such examinations.
October 27