A collection of Senate Democrats are taking aim at institutional investors in single-family rental (SFR) homes. Amy Klobuchar (D-Minn.) and Sherrod Brown (D-Ohio) unveiled legislation on Friday that would require corporations and private equity firms to report bulk purchases of single-family homes t

The latest 2023 Home Mortgage Disclosure Act (HMDA) data is in, and it confirms a few key trend lines for the mortgage industry: there was significantly less interest in mortgage loans in 2023, and fewer banks thought it worth participating in the market. The full dataset from Consumer Financial Pro

Former reverse mortgage lender James B. Nutter & Co., aka Nutter Home Loans, recently scored what an attorney has characterized as a win in a case brought against it by the U.S. Department of Justice (DOJ).The DOJ initially sued Nutter in September 2020 in a federal court in Missouri under the Finan

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status.Auction.com, a marketplace for distressed home s