Gen X has regrets about retirement savings, study suggests

Members of Generation X are more concerned about their post-retirement ability to support the lifestyles they’ve grown accustomed to when compared with other generations — including baby boomers and millennials — according to the results of a recent survey conducted by Allianz Life. In the … Continue readingGen X has regrets about retirement savings, study suggests

Gen X has regrets about retirement savings, study suggests

Members of Generation X are more concerned about their post-retirement ability to support the lifestyles they’ve grown accustomed to when compared with other generations — including baby boomers and millennials — according to the results of a recent survey conducted by Allianz Life. In the … Continue readingGen X has regrets about retirement savings, study suggests

MBA to HUD: Publish notices about challenges with real estate inspection protocols

The Mortgage Bankers Association (MBA) on Tuesday announced its submission of a letter to the U.S. Department of Housing and Urban Development (HUD), which urges the department to avoid reprimanding mortgage servicers for compliance lapses with the new National Standards for the Physical Inspection of … Continue readingMBA to HUD: Publish notices about challenges with real estate inspection protocols

MBA to HUD: Publish notices about challenges with real estate inspection protocols

The Mortgage Bankers Association (MBA) on Tuesday announced its submission of a letter to the U.S. Department of Housing and Urban Development (HUD), which urges the department to avoid reprimanding mortgage servicers for compliance lapses with the new National Standards for the Physical Inspection of … Continue readingMBA to HUD: Publish notices about challenges with real estate inspection protocols

FHA seeks mortgage defect taxonomy changes for cases of TPO fraud, misrepresentation

The Federal Housing Administration (FHA) this week announced a proposed Mortgagee Letter (ML) that would add fraud and misrepresentation to its defect taxonomy list for Title II FHA-sponsored mortgage financing. The defect taxonomy includes a list of attributes that FHA can use to identify potential … Continue readingFHA seeks mortgage defect taxonomy changes for cases of TPO fraud, misrepresentation

FHA seeks mortgage defect taxonomy changes for cases of TPO fraud, misrepresentation

The Federal Housing Administration (FHA) this week announced a proposed Mortgagee Letter (ML) that would add fraud and misrepresentation to its defect taxonomy list for Title II FHA-sponsored mortgage financing. The defect taxonomy includes a list of attributes that FHA can use to identify potential … Continue readingFHA seeks mortgage defect taxonomy changes for cases of TPO fraud, misrepresentation

CFPB proposes $3.95M fine for Freedom Mortgage over false data accusations

The Consumer Financial Protection Bureau (CFPB) has proposed that lender and servicer Freedom Mortgage Corp. pay $3.95 million for alleged violations of a 2019 consent order and the Home Mortgage Disclosure Act (HMDA) when it submitted incorrect mortgage data. The proposed order was filed on … Continue readingCFPB proposes $3.95M fine for Freedom Mortgage over false data accusations

CFPB proposes $3.95M fine for Freedom Mortgage over false data accusations

The Consumer Financial Protection Bureau (CFPB) has proposed that lender and servicer Freedom Mortgage Corp. pay $3.95 million for alleged violations of a 2019 consent order and the Home Mortgage Disclosure Act (HMDA) when it submitted incorrect mortgage data. The proposed order was filed on … Continue readingCFPB proposes $3.95M fine for Freedom Mortgage over false data accusations

Home price growth slows to lowest level since January 2023: Redfin

U.S. home prices are growing at their slowest pace in nearly a year and a half, according to Redfin‘s home price index that was published on Tuesday. Home prices rose 0.26% month over month in May, down from a monthly increase of 0.44% in April. … Continue readingHome price growth slows to lowest level since January 2023: Redfin