Maria Volkova is a technology reporter at National Mortgage News. She previously worked at HousingWire where she covered housing agencies, with a focus on the Department of Housing and Urban Development and the Department of Veterans Affairs. Prior to that, Maria wrote the FHA/VA newsletter at Inside Mortgage Finance. She graduated from the University of Maryland and currently resides in Chevy Chase, MD.
Mortgage professionals interviewed say there should be more focus on increasing housing supply.
The plan from the Heritage Foundation, a group the first Trump administration was largely in line with, would shutter CFPB, break up HUD and raise FHA premiums.
The suggested order would require Freedom Mortgage to pay $3.95 million to settle allegations that it botched its reporting of customer data to the watchdog.
The proposed class action suit claims the fintech lender purposefully pushed customers applying for HELOC loans into higher rates, or misrepresented rates at the beginning.
The company's branches and loan officers will transition to ML Mortgage but operations staff are not part of the deal.
Industry stakeholders predict the bombshell allegations around how United Wholesale Mortgage does business will impact customer sentiment and could lead to more regulatory oversight.
The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.
The head of the U.S. Department of Housing and Urban Development under the Biden Administration said she will transition from public life starting March 22.
Rocket shrunk its workforce by about 20% year-over-year, while Academy cut 250 employees prior to being acquired by Guild Mortgage.
The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.