As mortgage rates rise, consumers are pivoting away from cash-out refinances and toward HELOCs, a shift that many lenders are looking to take advantage of going forward.  TransUnion reported the…

Stated income loans in 2022 Stated income loans don’t exist like they used to. No-doc mortgages went away post-2008 in favor of strict income verification rules. But not everyone has…

Wells Fargo is being accused of using “modern-day redlining” tactics in a new federal class action suit, the latest criticism of its treatment of Black homeowners. Aaron Braxton, a Los…

Pedestrians pass in front of a Wells Fargo & Co. bank branch at night in New York.Craig Warga/Photographer: Craig Warga/Bloomb Senate Banking Committee Chairman Sherrod Brown and other Democratic senators…

While the management of Impac Mortgage Holdings remains bullish on its prospects for the non-qualified mortgage segment, its top executive said the current situation in the secondary market reminded him…

In recent weeks, a number of lenders and software providers have launched new products to serve the mortgage lending segments outside of the conforming market, which are expecting a strong…

Angel Oak Mortgage Trust is starting its 2022 vintage by issuing $537.5 million in residential mortgage-backed securities (RMBS), from a collateral pool of 1,138 mortgages. Most of the mortgages are…

What’s the minimum credit score to buy a house? Home buyers are often surprised by the range of low credit home loans available today. Many lenders will issue government-backed FHA…

Consumer Financial Protection Bureau Director Rohit Chopra made a forceful plea to state attorneys general to team up with the bureau on enforcement actions or bring their own under federal…

Loan limits expand in 2022 With historical home price appreciation defining the past year, mortgage limits are growing for 2022. Qualified borrowers will be able to take out larger loans…