Browsing Tag:Continues

jumbo-lending-continues-to-develop-in-q1-2
However, according to the report, the sector is still well below pre-COVID levels. In 2019, jumbo loans accounted for 16.9% of total production.The headwinds caused by the pandemic also prompted top lenders like Wells Fargo to put their agency-independent jumbo loans on hold. The bank was the leading jumbo lender throughout 2020, driven by volume in the...
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jumbo-lending-continues-to-develop-in-q1
According to data from Inside Nonconforming Markets, the market share of non-agency jumbo continued to grow in the first quarter of 2021.The market size of the non-agency jumbo sector grew to € 120 billion in the first quarter of 2021.Continue reading: S&P Global Report predicts rapid growth outside of QM for 2021However, according to the report, the sector is...
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cfpb-continues-to-goal-deceptive-va-mortgage-mortgage-commercials-goodwin
On September 14, 2020, the Consumer Financial Protection Bureau (CFPB) announced a settlement in its eighth case, resulting from an "investigation into the CFPB" of mortgage banks allegedly posting misleading advertisements for VA-guaranteed mortgages to service members and veterans . According to the CFPB, the "ongoing investigation reflects the Bureau's commitment to enforcing the laws that ensure the...
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cfpb-continues-streak-of-consent-orders-with-va-mortgage-lenders-for-misleading-practices-goodwin
On September 2, 2020, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consenting resolution with a Delaware-based VA mortgage lender to resolve allegations that the company had committed fraudulent practices against service members and veterans. The CFPB found that since April 2018, the company had sent current and former service members misleading advertisements...
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