Mortgage lenders are seeing loan defects stabilize after several volatile years, but shifts in interest rates and loan volumes continue to expose weaknesses in quality control (QC), according to ACES Quality Management CEO Trevor Gauthier and chief operating officer Phil McCall. In an interview with HousingWire, Gauthier and McCall highlighted staffing cuts, refinance surges and…
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State regulators and consumer advocates are pushing back against two proposals from the Office of the Comptroller of the Currency (OCC) that would expand banks’ authority over escrow accounts and assert that federal law preempts state rules that govern these accounts. In a joint letter, the Conference of State Bank Supervisors (CSBS) and the American…
President Donald Trump said Thursday that his administration would seek to keep home values elevated even as it works to expand access to homeownership — framing rising prices as a source of newfound wealth for millions of homeowners and warning against policies that could drive values down. Speaking at a cabinet meeting on Thursday, Trump…
At first glance, Kevin Warsh’s nomination as the next Federal Reserve chair could be interpreted as a signal that benchmark interest rates may fall — potentially offering some relief on housing affordability as President Donald Trump and his administration have repeatedly pressured Jerome Powell and other Fed officials to move in that direction. Housing industry…