MReport

MReport

CFPB Seeks Feedback on Financial Records Rule

The Consumer Financial Protection Bureau (CFPB) has issued an advance notice of proposed rulemaking (ANPR) requesting input on regulating consumer access to financial records.  With the ANPR, the CFPB is looking for suggestions on how the agency could most efficiently and effectively develop regulations implementing Section 1033 of the Dodd-Frank Act, which focuses on consumer rights regarding the … The post CFPB Seeks …

Read More »

Keeping Title Secure in a Digital World

Editor’s note: this piece originally appeared in the October edition of MReport. In the ongoing effort to keep clients and co-workers safe, mortgage and lending companies are adapting their operational structures to accommodate new remote-working trends. In the process, these companies are learning where their current physical and digital workflows fall short, especially given that more … The post Keeping Title …

Read More »

Existing-Home Sales ‘Soar’

Existing-home sales in September “soared,” according to a report Thursday from National Association of Realtors (NAR). An existing home in September sold for a median price of $311,800, a 14.8% gain compared with September of last year. That’s from NAR’s Existing-Home Sales Report for September, which accounts for completed transactions that include single-family homes, townhomes, … The post Existing-Home Sales …

Read More »

Competition Heats Up for Entry-level Homebuyers

Signs show that the competition for entry-level homes is on the rise this season, as homebuyers across the country are quickly pulling affordable homes off the market. According to research from Zillow, there is a high demand for U.S. homes overall as the typical American home sold in only 16 days this September, which is … The post Competition Heats …

Read More »

FHFA Extends Policy on Purchasing Mortgages in Forbearance

The Federal Housing Finance Agency (FHFA) has announced a one-month extension of its temporary policy of allowing the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria as set by Fannie Mae and Freddie Mac. The policy, which covered loans originated through Oct. 31, will now encompass loan originations through Nov. 30. … The post FHFA Extends …

Read More »

How Lenders and Consumers Are Going Digital

Liz Pagel, TransUnion’s SVP of Consumer Lending, answers questions about the pandemic’s impact on consumer needs and how lenders are adapting to the new digital reality. The post How Lenders and Consumers Are Going Digital appeared first on theMReport.com.

Read More »

Q3’s ‘Clear Return’ for Home Price Appreciation

Home prices during September recorded a 7.8% year-over-year spike, according to the latest Radian Home Price Index (HPI) data released by Red Bell Real Estate LLC. For the third quarter, the Radian HPI tracked an annualized home price increase of 8.9%, up from the 6.8% annualized gains in the second quarter. On a year-to-date measurement, … The post Q3’s ‘Clear …

Read More »