Chopra: Credit reporting industry’s fee hikes “raise big questions”

The setting could not have been more appropriate. Rohit Chopra, the head of the Consumer Financial Protection Bureau, and frequent critic Bob Broeksmit, the president and CEO of the Mortgage Bankers Association, sparring on stage over what constituted a junk fee. Chopra, the consumer watchdog, noted
Read MoreHUD to double servicer fee on assumable mortgages

The U.S. Department of Housing and Urban Development (HUD) announced on Monday morning an extension to Ginnie Mae’s digital collateral program and an increase to fees servicers can charge on assumable mortgages, aiming to bring more efficiency and affordability to the housing market. “The past four
Read MoreMore listings see a price cut: Will home prices drop?

The most notable trend in U.S. housing data recently is that price reductions are on the way up. There are more homes sitting on the market that didn’t get offers at their original list price and have had to reduce their prices than in any recent May.What does this leading indicator data tell us abo
Read MorePolly integrates with nCino’s Mortgage Suite

Mortgage capital markets tech firm Polly announced on Monday its API integration with cloud banking provider nCino to enhance the digital mortgage process for lenders. This integration combines Polly’s advanced pricing engine with nCino’s Mortgage Suite point-of-sale (POS) solution, offering lenders
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