The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
Tag Archives: mortgage fraud news
Gen Z increases homeownership amid affordability struggles
Gen Z, whose oldest members turned just 29, represented nearly a third of all first-time home buyer loans, according to ICE’s latest Mortgage Monitor report.
UWM concedes but defiant in its views on Two Harbors’ board
A dividend cut is what some feel likely to be next for UWM, in order to reduce leverage levels which are well above competitors Rocket and Pennymac
GSE capital rule revamp plan coming soon, investor predicts
Recent signals indicate this could be on the horizon and potentially add new value to a Fannie Mae/Freddie Mac stock offering, a Seeking Alpha analyst wrote.
250 years of bank tech, from Franklin to digital banking
A tour of the technology that banking has run on, dating back to Franklin’s anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Trump says housing bill is ‘fine’ but still holds off on signing
President Donald Trump said a bipartisan housing bill he has refused to sign was “fine,” seeming to suggest it could become law even as he has withheld his signature in a bid to secure a voter identification law he sees as a bigger priority.
HECM endorsements climb even as securitization slips
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
Two Harbors shareholders finally approve CrossCountry deal
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
Freddie Mac tightens condo and manufactured home loan rules
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
UWM sued over vendor data breach
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
