Industry News

COVID-19 Shouldn’t Impact Home Prices

July 21, 2020

Unlike the previous economic crisis, the housing market remains stable.

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Home Prices Becoming More Affordable

July 21, 2020

Home prices in nearly half of U.S. counties are more affordable than historical averages.

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Census Results Could Reshape USDA Areas

July 21, 2020

Results of the 2020 census could shrink USDA-eligible loan areas.

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President Can Remove CFPB Director

July 15, 2020

The Supreme Court ruled that the president can remove the CFPB head at will.

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Rates to Go Lower

July 15, 2020

Fannie Mae forecasts that the recent low rates will continue through 2021.

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CFPB Proposes Changes to QM Patch

July 7, 2020

The CFPB released two notices of proposed rulemaking surrounding the QM Patch.

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LPA Getting Update

July 7, 2020

LPA and Home Possible will be updated with new AMI limits next week.

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Housing Market Rebounds, but Uncertainty Looms

July 7, 2020

Freddie Mac’s chief economist warns that true economic rebound will depend on coronavirus developments.

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Fannie and Freddie Announce Financial Advisors

June 30, 2020

As the GSEs prepare to exit conservatorship, each announces its new financial advisor.

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Federal Reserve Chairman Expresses Concern

June 30, 2020

Chairman Jerome Powell is worried about the lasting impact of a second virus wave.

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The Government will Keep Guaranteeing Loans

June 23, 2020

Fallout from the pandemic will keep GSEs in receivership for longer than previously anticipated.

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Home Prices Continue to Accelerate

June 23, 2020

Fears of home process bottoming out through the pandemic have not come to fruition.

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Mortgage Bankers Association Praises Lenders

June 23, 2020

MBA Chief Economist Mike Fratantoni says lenders have done a fantastic job of finding solutions in the current environment.

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Senate Approves New HUD Deputy Secretary

June 16, 2020

Brian Montgomery now assumes the number-two slot at HUD.

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Appraisal Process Flexibility

June 16, 2020

Due to the effects of COVID-19, both Fannie Mae and Freddie Mac announce changes to their appraisal policies.

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Most Americans Want to Keep Working from Home

June 16, 2020

Three in four Americans currently working from home wish to keep doing so once the pandemic is over.

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Freddie Mac Releases Self-Employment Documentation Bulletin

June 9, 2020

A recent Freddie Mac bulletin outlines options for obtaining YTD profit and loss statements.

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Independent Lender Profits Up

June 9, 2020

The Mortgage Bankers Association reports that 2019 profits were up substantially over 2018.

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Virus Creates a Unique Scenario

June 2, 2020

There has never been a better time to buy, but for many it’s nearly impossible to get a loan.

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Listing Shortage to Ease?

June 2, 2020

As restrictions begin to loosen, more and more homes should hit the market.

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