Despite the current, historically low-interest rate environment, homeowners are still stalling on refinancing their home.
Read More »Feds Need to Prepare for Senior Housing Boom
By 2030, a full 20 percent of the American population will be at least 65 years old. The bad news is that a large percentage of that population will not be financially prepared to fund their retirements and age in their own homes, and the government needs to start fixing the problem now.
Read More »First-time Homebuyers Flood the Market
According to the American Enterprise Institute’s International Center on Housing Risk, first-time buyer volume has jumped 18 percent since April of last year, totaling 98,000 first-time buyer loans for the entire month.
Read More »House Grants MLOs Transitional Licensing
The U.S. House of Representatives unanimously passed the SAFE Transitional Licensing Act by voice vote. The bill could alter the way that mortgage loan officers at a federally-insured institution move to nonbank lenders.
Read More »A Big Win for BOA in “Hustle” Case
Bank of America has been fighting for nearly two years to reverse a $1.27 billion penalty over Countrywide's "Hustle" mortgage program. Why did an appellate court reverse that penalty on Monday?
Read More »CFPB Plans Further Servicing Rules Updates
What updates did the Bureau announce to its mortgage servicing rules and TRID as part of the semiannual Spring 2016 Rulemaking Agenda?
Read More »What Would Housing Finance Reform Look Like Under Clinton?
Clinton's hiring of former NEC Director Gene Sperling may give an indication of which direction she plans to go with GSE reform.
Read More »Is Homeownership Out of Reach for Millennials?
New research shows that millennial renters want to purchase a home, but based on current savings rates, they may need to save up for a decade or longer before they are able to come up with a 20 percent down payment.
Read More »The Week Ahead: GDP Growth in the Spotlight
The Bureau of Economic Analysis (BEA) will release the second of three estimates for the nation's first quarter GDP growth this week. In the advance estimate for the first quarter released in late April, the BEA reported GDP growth to be a weak 0.5 percent.
Read More »An Industry on Bated Breath for PHH v. CFPB
PHH Corporation’s appeal of the CFPB’s ruling may not only clarify the CFPB’s reach in interpreting statutes and doling out enforcement actions, but it also challenges the very structure of the bureau and its director. Editor's note: This select print feature appears in the May 2016 edition of MReport magazine.
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