Costa Mesa, California-based provider of debt consolidation loans saw most of its business dry up last year and was evicted from its headquarters in May
Connecticut has entered into a consent decree revoking the fintech mortgage lender's license, and LoanSnap has been put on notice by California regulators that they intend to do the same
2 years ago, 9 out of 10 mortgages had rates below 5%. Today, ICE Mortgage Monitor data shows there are 5.8M fewer sub-5% mortgages, and 1 in 4 borrowers has a higher rate
Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans, but nonbank lenders have already made inroads
Black Knight data shows new listing volume down 25% in January compared to pre-pandemic levels, the biggest drop since most of the country was in lockdown
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years
Lenders are managing risk by focusing on borrowers with prime credit scores who are keeping a bigger equity stake in their homes, according to Black Knight's latest Mortgage Monitor Report
In a USA Today opinion piece, Sheila C. Bair, the chairwoman of Fannie Mae's Board of Directors, laid out the factors homeowners should consider before agreeing to cash-out refinancing
After pullback in rates, decline in refis 'seems to have more to do with borrower psychology'
Alarm bells aren't ringing, but analysts are keeping a close eye on the trend