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Steps for Terminating PMI Clarified in CFPB Bulletin
Saying that consumers should not be billed unnecessarily for private mortgage insurance (PMI) the Consumer Financial Protection Bureau has issued guidance to servicers about terminating the requirement for borrowers to maintain it and outlined procedures
Fed Can Hike Even Without Inflation – Wells Fargo
Since early 2014 the Federal Reserve has held out two goals that must be achieved before it raises the Federal Funds rate, "maximum employment and inflation of 2 percent." In an Inflation Chart Book report this week Wells Fargo's Economics Group examine
Lower Rates Stoked Modest Refi Demand Last Week
Last week was the best one for mortgage applications in quite some time in terms of percent gains versus the previous week (outright index levels remain generally depressed, especially in the Refi Index). The Mortgage Bankers Associations Market Composite
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...