Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is seeking to vacate a settlement reached with Townstone Financial, a small Midwest mortgage firm, following what it describes as years …
CFPB Reverses Course in Shocking Settlement Fallout with Townstone Financial Read More
WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced significant updates to their multifamily mortgage insurance programs, aimed at increasing financing …
HUD and FHA Revise Multifamily Mortgage Insurance Requirements to Boost Affordable Housing Read More
SANTA CLARA, CA — As the Federal Reserve begins to lower mortgage rates, a new study from Realtor.com® suggests that markets with a high percentage of owner-occupied homes with a mortgage …
Mortgage Rate Slash Set to Rock U.S. Real Estate: High-Stakes Shakeup in Top Markets! Read More
PHILADELPHIA, PA — Citadel Federal Credit Union has agreed to resolve allegations of discriminatory lending practices, known as “redlining,” affecting predominantly Black and Hispanic neighborhoods in the Philadelphia area. The …
Citadel Credit Union Settles Redlining Case, Pledges $6.5M to Philly Communities Read More
SEATTLE, WA — In June, the typical down payment for U.S. homebuyers reached a new record of $67,500, marking a 14.8% increase from $58,788 the previous year, according to a recent …
Sky-High Down Payments Hit Homebuyers’ Wallets: A Record-Breaking Shockwave Read More
FORT WASHINGTON, PA — Newrez LLC has secured a place in the Scotsman Guide’s 2024 Top Mortgage Lenders list, an annual ranking that celebrates excellence in the mortgage industry. This …
Newrez LLC Earns Spot in Scotsman Guide’s 2024 Top Mortgage Lenders Read More
WASHINGTON, D.C. — The Federal Financial Institutions Examination Council (FFIEC) has released detailed data on mortgage lending transactions for 2023, offering a comprehensive overview of the U.S. mortgage market. This …
FFIEC Releases 2023 Mortgage Lending Data, Reveals Trends and Insights Read More
WASHINGTON, D.C. — In a move to enhance accessibility, the U.S. Department of Housing and Urban Development (HUD) has announced the availability of translated versions of 19 single-family mortgage documents …
HUD Expands Language Access for FHA Mortgage Documents Read More
RADNOR, PA — Essent Guaranty, Inc., a nationwide provider of mortgage insurance and a subsidiary of Essent Group Ltd. (NYSE: ESNT), has announced an enhanced integration with PMI Rate Pro. …
Essent Guaranty Enhances Integration with PMI Rate Pro to Streamline Mortgage Insurance Ordering Read More
BROOMALL, PA — Xactus, a prominent provider of verification services, has announced the integration of several of its key services with Dark Matter Technologies’ Empower® loan origination software (LOS). This …
Xactus Partners with Dark Matter Technologies to Enhance Loan Origination Software Read More