Washington is protecting buyers right out of homeownership

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail

2 reasons the single-family rental securitization market won’t exceed $20 billion

$1 trillion market? Not even close.

Should mortgage technology and data be universally shared?

Yes, and no
W S

Lending

Even credit-worthy borrowers struggle to get a mortgage

Regulations, credit and affordability challenges persist
Trey Garrison
The national homeownership rate continues to decline and many say that it’s only going to get worse because of tighter lending standards, burdensome regulations that create lender uncertainty, and affordability challenges.
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Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
Trey Garrison
Government is protecting first-time, lower- and middle-income borrowers out of homeownership, and buyers need to be given a chance to fail. Or succeed.
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Churchill Mortgage promotes Doug Walker

Becomes VP of national sales support and business development
Brena Swanson
Churchill Mortgage promoted Doug Walker to vice president of national sales support and business development as the Brentwood, Tennessee-based lender continues to report solid growth.
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S&P/Experian: Mortgage default rates increasing

Rate rises after falling for almost a year
Brena Swanson
Consumer default rates rose in August, reversing a long downward trend.
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Credit unions to Senate Banking: Enough is enough

Credit unions are being overregulated with burdensome rules
Trey Garrison
XCEL Federal Credit Union President and CEO Linda McFadden will tell the Senate Banking Committee on Tuesday that “enough is enough” when it comes to the overregulation of credit unions, sources in Washington tell HousingWire.
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Wells Fargo: Top homeowner misconceptions

Survey finds borrowers don’t know their options
Brena Swanson
Despite homeowners knowing that now is a great time to buy a home, many borrowers are still reluctant to do so because of uncertainty about qualifying for a mortgage or navigating the home-buying process.
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AmeriSave Mortgage to acquire CertusBank’s mortgage division

Establishes traditional retail mortgage origination channel
Brena Swanson
AmeriSave Mortgage Corporation will acquire a large portion of CertusBank’s mortgage division, allowing the company to expand and establish a traditional retail mortgage origination channel to complement its online origination platform.
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Former HUD Secretary: Housing assistance programs in dire need of reform

Underfunded and unfocused programs are like a lottery
Trey Garrison
Former Housing and Urban Development Secretary Henry Cisneros says that the current affordable housing assistance programs are skewed in both scope and effect, shutting out three of four of those in need.
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HUD, U.S. Bank resolve lending discrimination allegations

Bank refused to refinance a property on a reservation
Brena Swanson
The U.S. Department of Housing and Urban Development reached an agreement with U.S. Bank National Association, resolving allegations that they refused to refinance the mortgage of an American Indian couple in Belcourt, North Dakota, because their property is located on a reservation.
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Freddie Mac: Here's why multifamily growth rules housing

Millennials flock to urban apartments
Brena Swanson
As the single-family building sector struggles to move at all, the multifamily sector is witnessing a strong rebound, fueled by demand from millennial buyers.
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