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A solid gain in multifamily starts (up 9.3% to 501,000 units) spurred the strong total home starts reading in February, according to NAHB. Single-family starts posted a 5.7% increase to a 1.22 million seasonally adjusted annual rate. Read…
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In a letter addressed to Wells Fargo CEO Charles Scharf, US senators Elizabeth Warren and Ron Wyden demanded the bank provide data and additional information regarding its mortgage refinancing practices and its “potentially illegal…
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Historically, purchase loans are considered more at risk for material misrepresentations in mortgage applications. Although certain risk product types that used reduced or no verification of applicant's information are no longer available…
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