Daily Dose

Significant pressure is weighing on the valuations industry. The landscape ahead is unlike anything the industry has ever faced.

A representative from the National Association of Federally-Insured Credit Unions has petitioned the Office of the Comptroller of the Currency to regulate and supervise FinTechs in the same manner as other financial institutions.

The most commonly cited concern among potential homebuyers is coming up with enough money for that initial payment, which in some cases could cost as much as two-thirds of a buyer's yearly income, according to one poll.

Reactions have been mixed on the FHA's latest mortgage insurance premium reduction. But the lower premiums will likely be a boon for one group in particular,, according to Moody's.

With a new administration about to begin, much of the talk in the industry centers on how to raise the homeownership rate, which is near a historic low. Opinions vary as to what the homeownership rate will do in 2017, however.

The U.S. Supreme Court rejected a petition from several large banks that were seeking a review of an earlier ruling regarding a statute of limitations for lawsuits over mortgage-backed securities.

HUD Secretary-Designate Dr. Ben Carson calmly answered questions for nearly three hours before the Senate Banking Committee in his confirmation hearing on Thursday, saying he intends to "fight for those who are still trying to reach their full potential" with regard to the American Dream.

It has been said that what goes up must come down, and the latest trajectory of mortgage rates seems to be proving that theory correct.

In 2017, more than a million consumers could see improved access to credit, as well as better loan terms, with the help of a new innovation launched late last year.

While many praised the Federal Housing Administration's recent decision to lower its mortgage insurance premiums by 25 basis points, not everyone was a fan.