In a recent report to Congress, the Consumer Financial Protection Bureau highlighted the steps it has taken to assist the industry with transitions for TRID as well as the updates to the Home Mortgage Disclosure Act and the new mortgage servicing rules.
Read More »The Potential Effect of Low Interest Rates on Banks
The low interest rate environment, which has been the Fed’s mode of operation for much of the last decade, has been instrumental in stabilizing the U.S. financial system. But if it continues, it could adversely affect financial institutions, according to a Fed Governor.
Read More »Industry Sounds Off on Pending Carson Hearing
The question of whether the U.S. Senate will confirm Dr. Ben Carson as the new HUD Secretary will likely be answered on Thursday, January 12. What did stakeholders in the industry have to say about how the former presidential candidate would handle the Department if he is confirmed?
Read More »Consumer Confidence Up, Homebuying Confidence Down
While consumer confidence rose in December to its highest point since 2001, confidence in homebuying dipped for the fifth consecutive month.
Read More »FHA Reduces Mortgage Insurance Premiums
For the first time in two years, the Federal Housing Administration has lowered its annual mortgage insurance premiums paid by most borrowers in an effort to expand homeownership and save money for existing borrowers.
Read More »ARM Market Share Could Be Ready to Rise
The market share of adjustable-rate mortgages is at its lowest level in years. But the specter of rising mortgage interest rates this year could change that considerably, according to a recent analysis.
Read More »The Week Ahead: Can Appraisers and Homeowners Agree?
The gap between appraised values of homes and homeowners’ perceptions of what their homes are worth has been shrinking for five consecutive months, according to the last analysis. Will that trend continue in the newest report?
Read More »Some Markets Go from Hardest Hit to Healthiest
Eight years has made all the difference in several single-family housing markets that were affected most by the recession. Many of these markets now rank among the healthiest, one analysis reported.
Read More »Reps. Luetkemeyer, Duffy Among New Subcommittee Heads
Reps. Blaine Luetkemeyer from Missouri and Sean Duffy from Wisconsin will be assuming new positions as heads of Subcommittees in the House Financial Services Committee for the 115th Congress.
Read More »Rising Wages Are a Good Thing . . . Or Are They?
The headline numbers were lower than expected for the latest Employment Situation from the Bureau of Labor Statistics. The report contained a bright spot, however, in hourly wage gains. How will wage growth affect housing going forward?
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