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Author name: Ricky Vasquez

Former CFPB counsel: Agency is doing more than you think

Former CFPB counsel: Agency is doing more than you think

CFPB News & Analysis, Law and legal issues, Politics and policy, Regulation and compliance /

The Consumer Financial Protection Bureau is still impacting the mortgage industry, despite a lack of examinations or investigations and the threat of a mass firing.  The regulator under Acting Director Russell Vought has continued to provide regulatory guidance to financial institutions, and even defended some actions put forth by the prior Chopra-led bureau. Richard Horn, […]

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Second liens appear on 16% of U.S. mortgages

Home equity loans, LOAN PRODUCTS, Secondary markets, Servicing /

The share of primary mortgages on properties that also have second liens is currently in the double digits, reflecting growth in home equity lending that’s increasingly relevant to agency mortgage-backed securities investors. Processing Content Approximately 16% of active first liens are on homes that also have seconds on them, representing a total outstanding balance of

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Slow home sales are creating accidental landlords

Housing markets, Rentals, Zillow /

A lack of buyers in the market has pushed a near-record share of homeowners to rent out their properties, industry data shows. Processing Content Units owned by “accidental landlords” accounted for 2.3% of the listed rental stock in October, according to research from Zillow. That’s more than any share in Zillow’s nearly six-year record, outside

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These housing markets face the greatest risk of decline

Housing affordability, Housing markets, Risk, Servicing /

A new look at the country’s most at-risk housing markets finds Florida and California leading all states in the number of counties vulnerable to declines.  Processing Content Florida communities made up 16 out of the “leading” 50 markets on the list, according to the latest housing risk report from real estate intelligence platform Attom. The

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Radian shuts mortgage conduit instead of selling

M&A, PMI, Secondary markets, Securitization /

Radian Group will be shutting its mortgage conduit rather than trying to find a buyer for the business, the company confirmed. Processing Content The story originally appeared in HousingWire. “Radian ceased accepting new business for Radian Mortgage Capital early last week and is in the process of thoughtfully winding down the business over the coming

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February’s CPI report reveals steady annual inflation of 2.4%

Bureau of Labor Statistics, Consumer Price Index, Data & Visuals, First American, Housing Market, HWmember, Inflation /

U.S. consumer prices increased moderately from January to February, with annualized inflation holding steady, according to data released Wednesday by the U.S. Bureau of Labor Statistics. The Consumer Price Index rose 2.4% over the 12 months ending in February, unchanged from January. On a seasonally adjusted basis, the index increased 0.3% during the month. Core

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Finance of America’s 2025 profit soars 175% behind $2.4B in originations

Earnings, Finance of America, Graham Fleming, Home Equity, HWmember, Mortgage, PHH Mortgage Corp, Reverse /

Finance of America Companies Inc. (FOA) reported $110 million in net income from continuing operations in 2025, a 175% increase from the prior year, as the reverse mortgage and home equity lender benefited from higher funded loan volume and improved operating leverage. The company posted basic earnings per share of $5.04 for the year, while

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Longbridge, Mutual of Omaha move to dismiss reverse mortgage marketing lawsuit

HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mortgage, Mutual of Omaha, Mutual of Omaha Mortgage, Real Estate Settlement Procedures Act, Reverse, Reverse Mortgage Daily /

Two of the nation’s largest reverse mortgage lenders, Longbridge Financial and Mutual of Omaha Mortgage, have asked a federal judge to dismiss a lawsuit over alleged improper advertising practices, ending a dispute that began in September 2024. According to a joint filing on Tuesday in the U.S. District Court for the Southern District of California,

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