| Date | Title | Description |
| 04.11.2024 | Rising Rates and Global Searches: A Tale of Two Markets | The U.S. housing market is at a crossroads. Mortgage rates are climbing, while international interest in Miami real estate is surging. These two narratives paint a vivid picture of contrasting dynamics in the real estate landscape.
The U.S.... |
| 02.11.2024 | US hiring slowest since Biden took office, on strikes, hurricanes | WASHINGTON: US job growth slowed drastically in October, hit temporarily by hurricanes and labour strikes, in a final major economic snapshot at the end of a razor-edge presidential election campaign where cost-of-living worries dominated v... |
| 01.11.2024 | The Diverging Paths of Trump and Harris: A Looming Food and Economic Crisis | The upcoming U.S. presidential election is not just a battle of personalities; it’s a clash of ideologies that could reshape the landscape of food, trade, and public health. With Kamala Harris and Donald Trump at the helm of their respectiv... |
| 30.10.2024 | The Future of Home Financing: Innovations and Opportunities | The landscape of home financing is evolving. Two recent developments highlight this transformation: the Federal Housing Finance Agency's (FHFA) new appraisal guidelines and Novaprime's AI-powered loan platform. Both initiatives aim to make ... |
| 30.10.2024 | Freddie Mac's New Approach: A Shift in Loan Repurchase Strategy | In the ever-evolving landscape of mortgage finance, Freddie Mac is making waves. The Federal Housing Finance Agency (FHFA) has announced a significant expansion of its fee-based alternative to loan repurchases. This move is a game changer f... |
| 30.10.2024 | US 30-year mortgage rate surges to 6.73%, highest since July | Macro MattersUS 30-year mortgage rate surges to 6.73%, highest since July
By ReutersOctober 30, 20244:08 PM UTCUpdated ago
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| 30.10.2024 | No undue risk! Freddie Mac’s Sonu Mittal on new buyback remedy, appraisal waiver extensions | When asked whether loan buybacks were a more significant issue last year than now, Freddie Mac executive Sonu Mittal says emphatically, “It depends on who you ask.”
Freddie Mac has seen a nearly 55% reduction in repurchase requests from its... |
| 28.10.2024 | FHFA to allow alternative appraisal methods on purchases up to 97% LTV | The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. The announcement was made on Monday during the Mortgage Bankers A... |
| 28.10.2024 | FHFA expands fee-based alternative to repurchase loans to all approved lenders | On Monday, the Federal Housing Finance Agency (FHFA) announced that all approved lenders will have access to a fee-based alternative to repurchase Freddie Mac’s performing loans with defects, expanding a pilot program launched earlier this ... |
| 24.10.2024 | The Home Equity Surge: A New Era of Debt Consolidation | The landscape of home equity lending is shifting. A new wave of technology is making it easier for consumers to consolidate debt. FirstClose, a Texas-based company, is at the forefront of this change. Their latest tool, the Digital Loan Pro... |
| 23.10.2024 | FirstClose reveals new feature to help consumers consolidate debt faster | Mortgage data and workflow solutions provider FirstClose is launching a new feature for its automated home equity point-of-sale system. The Austin-based company has added the Digital Loan Product Wizard to the system, according to a recent ... |
| 16.10.2024 | Mortgage Cadence Sends Impressive Team to MBA Annual | Seth Hooper
Leading tech firm sends full team to help lenders prepare for the end of the downturn.
This is one of the most vital conferences of the year and is occurring at a pivotal moment for the industry. My team and I are looking forwar... |
| 15.10.2024 | FCC says new rules for robocall and text opt-outs will take effect in April 2025 | The Federal Communications Commission (FCC) — the regulatory body that oversees communications across a wide variety of media including radio, telephone and the internet — announced that new rules related to the Telephone Consumer Protectio... |
| 11.10.2024 | The Rise of Trade Associations and the Fight Against Junk Fees | In the world of business, trade associations are like lighthouses in a storm. They guide industries through turbulent waters, advocating for their members and shaping policy. The International Franchise Association (IFA) has emerged as a be... |
| 10.10.2024 | Kamala Harris win may boost US effort to rein in 'junk fees' levied on consumers | Boards, Policy & RegulationUS Elections
Regulatory Oversight
Kamala Harris win may boost US effort to rein in 'junk fees' levied on consumers
By Makailah Gause and Pete SchroederOctober 10, 202410:07 AM UTCUpdated ago
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| 08.10.2024 | Rate-and-Term Refinance Locks Surge 700% Over Previous Year Following the FOMC’s September Interest Rate Reduction | PRESS RELEASE: Rate-and-Term Refinance Locks Surge 700% Over Previous Year Following the FOMC’s September Interest Rate ReductionOptimal Blue's September 2024 Market Advantage mortgage data report released in conjunction with the inaugural ... |
| 07.10.2024 |
MBA, other stakeholders team up to address racial homeownership gap | The Mortgage Bankers Association (MBA) on Monday announced the launch of a new initiative involving 12 other corporate stakeholders. The entities will seek to find potential solutions for closing the racial homeownership gap.
The new initia... |
| 26.09.2024 |
Simplist launches streamlined mortgage origination platform | New York-based Simplist Technologies, which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale syst... |
| 25.09.2024 |
After industry criticism, FHFA revises changes to Suspended Counterparty Program | The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on t... |
| 25.09.2024 |
Mortgage applications rise to highest level since July 2022 | Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA).
The 11% increase ... |
| 20.09.2024 | The Housing Dilemma: A Legislative Tug-of-War | The American housing market is a battleground. On one side, Republican senators are pushing for new legislation aimed at overhauling federal housing programs. On the other, Democrats are rallying for affordable housing solutions. The stakes... |
| 20.09.2024 |
Housing groups praise inclusion of trigger lead bill in defense spending package | The Homebuyers Privacy Protection Act of 2024, a U.S. Senate bill introduced this past December that targets mortgage trigger leads, has been incorporated into the fiscal year 2025 National Defense Authorization Act (NDAA). This is a bill t... |
| 20.09.2024 |
MBA head Bob Broeksmit talks IMB victories ahead of the 2024 election | In a new episode of the HousingWire Daily podcast, host Sarah Wheeler chats with Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA). The pair discuss the latest happenings for independent mortgage banks (IMBs) during... |
| 18.09.2024 |
Republican senators introduce bill to expand federal oversight of housing programs | Republican members of the U.S. Senate have introduced new legislation designed to expand the oversight of federal housing programs, make changes to loan officer compensation for the origination of small-dollar mortgages, and create addition... |
| 11.09.2024 |
Mortgage rates drop to another new low for 2024 | On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. How low? Mortgage News Daily came out with a shocking print of 6.11% mortgage rates for their top-tier borrowers, while Hous... |
| 11.09.2024 |
Refinance demand is up, but most borrowers lack incentive | Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% during the week ending Sept. 6, according to the Mortgage Bankers Association (MBA).
The MBA’s survey — which covers 75% of all retail residential ... |
| 10.09.2024 |
Mortgage rates move lower, but where are the homebuyers? | In a little more than a week, Federal Reserve policymakers are poised to lower benchmark interest rates for the first time since the start of the COVID-19 pandemic. Ahead of that decision, mortgage rates continued to decline, although a sur... |
| 10.09.2024 |
‘Common sense has prevailed’ as Basel Endgame proposal will be revised | Michael Barr, the Federal Reserve‘s vice chair for supervision, on Tuesday spoke at the Brookings Institution in Washington, D.C., about the 2023 Basel III Endgame proposal, which would modify risk-based capital requirements for large banks... |
| 09.09.2024 |
More home sellers are withdrawing listings | While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline.... |
| 09.09.2024 | MMI launches Refinder mortgage refinance tool to help lenders prepare for expected interest rate decline | PRESS RELEASE: MMI launches Refinder mortgage refinance tool to help lenders prepare for expected interest rate declineRefinance activity has reached its highly monthly average since March 2022, as reported by the Mortgage Bankers Associati... |
| 07.09.2024 | Job Market Cooling: A Double-Edged Sword for the Federal Reserve | The August jobs report paints a picture of a cooling job market. With only 142,000 new jobs added, the data signals a shift. The Federal Reserve is watching closely. This report may provide the justification needed for interest rate cuts. B... |
| 06.09.2024 |
Is the August jobs report exactly what the Fed needed to hear? | August’s gain of just 142,000 total nonfarm payroll jobs confirms that the job market is cooling, which all in all is good news for the Federal Reserve, which meets in a little under two weeks to discuss interest rates. But is it enough to ... |
| 06.09.2024 | AtHome Colorado | Mortgage rate forecast September 2024 | Related Articles
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At... |
| 03.09.2024 | The Mortgage Market Awakens: A Surge in Borrowing Amid Lower Rates | The mortgage market is stirring. After a long slumber, borrowers are emerging from the shadows. Lower mortgage rates are the siren call, enticing many to dive back into the housing pool. As September rolls in, the landscape is shifting. The... |
| 03.09.2024 | Citymark Capital Appoints Michael McRoberts to the Firm's Advisory Board | CLEVELAND, Sept. 3, 2024 /PRNewswire/ -- Citymark Capital, a leading US real estate private equity platform headquartered in Cleveland, Ohio, is pleased to announce that Michael McRoberts has been appointed to the firm's advisory board.
McR... |
| 03.09.2024 |
Lower mortgage rates are bringing more borrowers out of the woodwork | With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions... |
| 03.09.2024 |
Fannie Mae’s chief economist forecasts his own retirement | The chief economist of Fannie Mae expects to hang up the cleats this year.
Doug Duncan, who’s been the chief economist at the government-sponsored enterprise since 2008, will be retiring effective Sept. 22, according to Rob Chrisman, who fi... |
| 29.08.2024 | Refinancing Applications Climb 118% Year-over-Year as Interest Rates Hit 15-Month Low | Refinancing is up, interest rates are down
Homeowners are primarily seeking to reduce their monthly payments or shorten their loan terms without leveraging their home equity or taking on additional debt.”
— Dana HendrixLOUISIANA, USA, Augus... |
| 28.08.2024 | The Fed's Balancing Act: Rate Cuts on the Horizon | The Federal Reserve is at a crossroads. As inflation eases and the job market shows signs of cooling, the central bank is poised to adjust its monetary policy. Recent discussions among regional Fed directors reveal a growing consensus for a... |
| 27.08.2024 |
FHA updates portal to accommodate expansion of 203(k) loan program | The Federal Housing Administration (FHA) announced late last week that the previously detailed updates and expansions to its 203(k) Rehabilitation Mortgage Insurance Program will be incorporated into updates for the FHA Connection (FHAC) po... |
| 23.08.2024 | The Housing Market Crossroads: Rates, Proposals, and Political Currents | The U.S. housing market stands at a critical juncture. Mortgage rates have stabilized, while political proposals seek to reshape homeownership dynamics. As Federal Reserve Chair Jerome Powell prepares to address economic concerns, the impli... |
| 23.08.2024 |
Powell signals September rate cut: ‘The time has come for policy to adjust’ | Federal Reserve Chair Jerome Powell said on Friday that “the time has come for policy to adjust,” signaling a cut in the federal funds rate at the September meeting of the Federal Open Market Committee (FOMC) as expected by monetary policy ... |
| 23.08.2024 |
Why new-home sales had such a big beat | The new home sales report had such a big beat today that many people had to double-check the numbers — and I get it. The estimates were for 623,000 but the sales came in at 739,000. This isn’t my first rodeo with new home sales data and I b... |
| 22.08.2024 |
How Kamala Harris’ $25K down payment assistance plan could work | Vice President Kamala Harris is scheduled to accept the Democratic Party’s nomination for president on Thursday, and housing is becoming a key issue she is seeking to address in her campaign for the highest office in the land.
Last week, Ha... |
| 20.08.2024 |
That’ll do: Average IMB posts net profit of $693 per loan in Q2 2024 | Independent mortgage banks (IMBs) are finally seeing light at the end of the tunnel after two grueling, profitless years in the mortgage industry.
IMBs and mortgage subsidiaries of chartered banks on average reported a pre-tax net profit of... |
| 20.08.2024 |
ABA has ‘significant concerns’ with CFPB proposal to ban medical debt from credit reports | The American Bankers Association (ABA) last week submitted a letter to the Consumer Financial Protection Bureau (CFPB) in which it expressed “significant concerns” about a proposed rule that would ban medical debt from appearing on consumer... |
| 20.08.2024 |
Wells Fargo sells most of its commercial mortgage servicing to Trimont | Wells Fargo has agreed to sell most of its commercial mortgage servicing portfolio to Atlanta-based Trimont. The deal is expected to make Trimont the largest servicer of multifamily and commercial loans in the U.S.
The transaction includes ... |
| 16.08.2024 | Homeowners in Distress: A Growing Crisis in the Housing Market | The American dream of homeownership is increasingly becoming a nightmare for many. Rising mortgage rates and soaring home prices are squeezing homeowners like a vice. Recent reports reveal a troubling trend: mortgage delinquencies and forec... |
| 16.08.2024 |
Investors bought one in six homes sold in Q2 2024: Redfin | Although the U.S. housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas.
The number of home purchases by investors rose 3.4% year over year in Q2 2024, the largest increase since... |
| 15.08.2024 |
Mortgage delinquency, foreclosure activity point to rising homeowner distress | Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising.
According to the ... |
| 14.08.2024 |
Signs point to an extended decline in mortgage rates | Mortgage rates continued to recede during the past week, with the market anticipating a Federal Reserve rate cut next month and the U.S. economy showing signs of weakening.
At HousingWire‘s Mortgage Rates Center, the 30-year conforming loan... |
| 12.08.2024 |
Refi demand moves to highest level in nearly two years: Optimal Blue | More evidence is emerging that the recent decline in mortgage rates is prompting more borrowers to refinance.
In its July 2024 Market Advantage report released on Monday, mortgage technology firm Optimal Blue reported that refinance demand,... |
| 07.08.2024 | US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signals | U.S. MarketsUS 30-year mortgage rate drops on weak jobs data, Fed rate-cut signals
By Ann SaphirAugust 7, 20247:39 PM UTCUpdated ago
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| 05.08.2024 |
NRMLA, MBA submit HMBS 2.0 comments to Ginnie Mae | The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned... |
| 05.08.2024 |
Massachusetts budget features programs to support seniors, aging in place | Massachusetts Gov. Maura Healey (D) has signed a $57.8 billion state budget for 2025, which features several provisions designed to assist the state’s senior residents with health care, food assistance and aging-in-place provisions like hom... |
| 02.08.2024 |
Mortgage rates are falling as the labor market falters | Job creation continued to slow in July as unemployment spiked, which economists say is good news for the Federal Reserve and the housing industry. Mortgage rates have seen a sharp move lower since the report was released on Friday morning.
... |
| 29.07.2024 |
Home equity lending flat in 2023 as outstanding debt increased: MBA | Home equity lending in 2023 grew by only 1.5% compared to the prior year, while outstanding debt increased by 8.3% in the same time period, according to a study released Monday by the Mortgage Bankers Association (MBA).
The data includes to... |
| 26.07.2024 | The Housing Market's Tightrope: Balancing Prices and Affordability | The housing market is a complex web, intricately woven with threads of supply, demand, and economic forces. As we step into the latter half of 2024, the landscape is shifting. Home prices are expected to moderate, but the path is fraught wi... |
| 26.07.2024 | Navigating the Storm: The Current Landscape of Commercial Real Estate and Mortgage Rates | The commercial real estate (CRE) and mortgage markets are in a state of flux. As the winds of economic uncertainty blow, stakeholders are feeling the chill. Recent reports from the CRE Finance Council (CREFC) and HousingWire reveal a landsc... |
| 26.07.2024 |
US Senate committee approves full funding for Ginnie Mae | The U.S. Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discre... |
| 24.07.2024 |
Reverse mortgage veteran appointed chair of MISMO working group | Reverse mortgage industry veteran George Morales has been appointed as the new chairperson of the dedicated reverse mortgage development workgroup (DWG) inside the Mortgage Industry Standards Maintenance Organization. MISMO is a subsidiary ... |
| 23.07.2024 |
Mortgage rates continue their descent | Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market.
According to data at HousingWire’s Mortgage Rates Center, the average rate for 30-year confor... |
| 18.07.2024 |
Mortgage applications to purchase new homes fall 16% in June | Mortgage applications to purchase new homes fell 16% month over month in June but rose 0.7% year over year, according to a report released Thursday by the Mortgage Bankers Association (MBA).
The data, derived from the trade group’s survey o... |
| 17.07.2024 |
Refi business picks up as mortgage rates fall | Mortgage applications increased 3.9% on a seasonally adjusted basis during the week ending July 12, due mainly to borrowers taking advantage of a decline in rates to refinance their home loans, according to data released Wednesday by the Mo... |
| 10.07.2024 | SOTHEBY'S INTERNATIONAL REALTY UNVEILS 2024 MID-YEAR LUXURY OUTLOOK REPORT: NAVIGATING GLOBAL REAL ESTATE TRENDS AMID ELECTIONS, INTEREST RATE TRAJECTORY, AND CULTURAL INVESTMENTS | The brand's debut mid-year report evolves annual analysis, offering timely insights in dynamic market
NEW YORK, July 10, 2024 /PRNewswire/ -- Today, Sotheby's International Realty released its 2024 Mid-Year Luxury Outlook℠ report, complemen... |
| 10.07.2024 |
HUD posts updated servicing defect taxonomy for stakeholder review | The U.S. Department of Housing and Urban Development (HUD) on Wednesday posted an updated draft of its proposed defect taxonomy for servicing Federal Housing Administration (FHA) loan reviews.
The revised policy will “provide clear guidance... |
| 10.07.2024 |
Highlands Residential Mortgage adds Dan Carson as Dallas area manager | Highlands Residential Mortgage announced that Dan Carson recently joined the company as a senior vice president and area manager of its Park Cities branch in Dallas.
Carson has spent more than a decade in the mortgage industry, having previ... |
| 10.07.2024 |
CFPB proposes new servicing rules that would focus on foreclosure assistance | The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when a b... |
| 09.07.2024 |
Hallelujah! HUD finally updates, expands 203(k) program | The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced that it has published updated policies for its 203(k) Rehabilitation Mortgage Insurance Program, in an effort to “modernize the program and enhance its usefulne... |
| 05.07.2024 |
MBA sees risk in new Florida law that gives first-lien priority to PACE loans | The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy (PACE) financing,” which was recently sig... |
| 25.06.2024 |
Reverse, forward mortgage associations urge full funding for Ginnie Mae | The Mortgage Bankers Association (MBA) this week submitted a letter to congressional leaders in the U.S. House of Representatives and U.S. Senate, urging them to endorse full funding for Ginnie Mae in order to ensure maximum liquidity for t... |
| 24.06.2024 |
ICBA voices opposition to Freddie Mac second mortgage product | The Independent Community Bankers of America (ICBA) issued a statement on Monday that opposes the conditional approval of Freddie Mac’s plan to buy closed-end second mortgages.
The plan was approved on Friday by Freddie Mac’s regulator, the... |
| 21.06.2024 |
FHFA grants conditional approval for Freddie Mac second mortgage pilot | The Federal Housing Finance Agency (FHFA) on Friday announced that it has given conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program.
The pilot program includes several limitations to ... |
| 20.06.2024 |
Federal regulators approve final rule for AVM usage | On Thursday, two U.S. regulators — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation mode... |
| 20.06.2024 |
It’s time for collective action on fintech adoption | Early this year I had the opportunity to sit down with HousingWire Editor-in-Chief Sarah Wheeler to discuss, among other things, our industry’s persistent profitability issue. A few weeks later the Mortgage Bankers Association released its ... |
| 18.06.2024 |
MBA to HUD: Publish notices about challenges with real estate inspection protocols | The Mortgage Bankers Association (MBA) on Tuesday announced its submission of a letter to the U.S. Department of Housing and Urban Development (HUD), which urges the department to avoid reprimanding mortgage servicers for compliance lapses ... |
| 13.06.2024 |
When will the Fed’s moves alleviate the lock-in effect? | Federal Reserve Chairman Jerome Powell told reporters on Wednesday that the U.S. housing situation is a “complicated one” and that “bringing inflation down” is the best thing officials can do to help. Cooling inflation will eventually allow... |
| 13.06.2024 |
New homes remain in demand as mortgage applications rise in May | New-home purchase mortgage applications rose 1% month over month and 13.8% year over year in May, according to data released Thursday by the Mortgage Bankers Association (MBA).
The data is derived from the trade group’s survey of homebuilde... |
| 12.06.2024 |
Originations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth | Persistent economic trends that include inflation, a strong labor market and real gross domestic product (GDP) growth will continue to “dampen” mortgage origination activity through at least the end of 2026, according to the newest U.S. mor... |
| 12.06.2024 |
Refi business is picking up on falling mortgage rates | Mortgage applications shot up 15.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly application survey for the week ending June 7.
On an unadjusted basis, the market composite index increased 26... |
| 11.06.2024 |
VA issues temporary fix to allow buyer-paid broker fees | The U.S. Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee.
The change, a result of the National Asso... |
| 08.06.2024 | They bought homes with the intention to refinance. Now they’re stuck | Across the country, many buyers employed similar strategies after rates surged in 2022 — at times encouraged by real estate agents and mortgage brokers who earn a commission on each deal. The tactic could still work, but as interest rates s... |
| 08.06.2024 | Mortgage closing fees are in the hot seat. Here's why the feds are looking into them. | The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling "junk fees in mortgage closing costs." These additional fees, involving home appraisal, title insurance and other services, have ... |
| 06.06.2024 |
Mortgage credit availability increased in May: MBA | Mortgage credit availability saw a slight increase in May, according to an analysis of ICE Mortgage Technology data by the Mortgage Bankers Association (MBA).
The Mortgage Credit Availability Index (MCAI) rose by 0.1% to 94.1 in May. The in... |
| 05.06.2024 |
Analysis: Loan repurchase patterns at Fannie, Freddie are divergent | Loan repurchases continue to trend downward at both Fannie Mae and Freddie Mac, but there appears to be a separation developing in loan-repurchase patterns — with Freddie reducing its loan buybacks at a faster clip than Fannie, according to... |
| 05.06.2024 |
Purchase mortgage demand drops 13% year over year: MBA | Mortgage demand keeps on falling. Mortgage applications dropped 5.2% for the week ending May 31 compared to the prior week, according to the Mortgage Bankers Association (MBA), results that include an adjustment for the Memorial Day holiday... |
| 03.06.2024 |
CFPB creates public database of nonbank repeat offenders | The Consumer Financial Protection Bureau (CFPB) is creating a public database to identify nonbank financial companies that violate consumer laws, aiming to avoid recidivism trends.
On Monday, the U.S. consumer financial watchdog announced t... |
| 30.05.2024 |
VA extends foreclosure moratorium through 2024 | The U.S. Department of Veteran Affairs (VA) announced on Wednesday that it has called on mortgage servicers to extend the moratorium on foreclosures for VA-guaranteed loans through Dec. 31, 2024, while these companies implement a new progra... |
| 29.05.2024 |
Mortgage demand slides to lowest level since early March | Mortgage applications slumped heading into Memorial Day weekend. Applications decreased by 5.7% on a seasonally adjusted basis during the week ending May 24, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications... |
| 24.05.2024 |
Republicans tell FHFA they oppose Freddie Mac’s closed-end second mortgage proposal | A group of Republicans in the U.S. Congress sent a letter to the Federal Housing Finance Agency (FHFA) that opposes a plan for the government-sponsored enterprise (GSE) Freddie Mac to purchase and guarantee single-family, closed-end second ... |
| 23.05.2024 |
‘Not HELOC. Not piggyback.’ Freddie Mac exec defends new product proposal amid resistance | Freddie Mac’s head of single-family acquisitions, Sonu Mittal, this week defended the government-sponsored enterprise’s proposal to acquire single-family, closed-end second mortgages amid opposition by trade groups that are worried about it... |
| 23.05.2024 |
The average retail mortgage lender lost $645 per loan in Q1 2024 — but that’s actually a good thing | Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter of 2024 — a decrease from the average loss of $2,109 per loan in Q4 2023, ac... |
| 23.05.2024 |
Todman on HUD’s steps to increase supply, review rules and get the money ’out the door’ | Under the leadership of acting secretary Adrianne Todman since March, the U.S. Department of Housing and Urban Development (HUD) is focusing on launching initiatives to increase home supply, review existing rules in and ensure the agency is... |
| 22.05.2024 |
With elections ahead, housing policy analysts discuss the end of GSEs’ conservatorship | Housing policy analysts expect discussions about the U.S. debt limit and the end of tax breaks to dominate the fiscal agenda in Washington, D.C., in 2025, obscuring talks about a potential return of Fannie Mae and Freddie Mac to the private... |
| 22.05.2024 |
How industry forecasters see 2024 shaping up | In late 2023, just before the calendar turned, the financial markets were pricing in six Federal Reserve rate cuts in 2024. After all, inflation had cooled and the Fed appeared to be gearing up to land the plane. For a few weeks, mortgage l... |
| 21.05.2024 |
VA to roll out temporary fix to buyer agent commission problem | The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday.
Michelle C... |
| 20.05.2024 |
Chopra says he is ‘open to’ reviewing the LO comp rule | Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), is aware that some loan officers are taking creative — and, as detailed in a recent HousingWire investigation, often illegal — approaches to winning business. And he... |
| 20.05.2024 |
HUD 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 efficie... |
| 20.05.2024 |
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 ... |
| 20.05.2024 | Fed policymakers still cautious on inflation and policy | U.S. MarketsFed policymakers still cautious on inflation and policy
By Michael S. Derby and Howard SchneiderMay 20, 20247:04 PM UTCUpdated ago
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