A survey found that homebuyers are anxious to know the effects of the Tax Cuts and Jobs Act, which some say may put upward pressure on home prices and mortgage rates on account of higher after-tax income.
Read More »Top 5 Housing Predictions for 2018
Leaving behind a tumultuous year that included a strong seller’s market, chronic inventory shortages, and a rash of natural disasters, it’s time to look ahead and ask what 2018 has in store for the mortgage and servicing industry.
Read More »Mortgage Origination Report Shows FICO Scores Dropping Across Loan Products
Dropping credit scores point to loosening credit standards to attract a dwindling refinance market.
Read More »Go West for the Nation’s Hottest Housing Markets
Areas on the West Coast, including San Francisco, Seattle, and San Jose, were among the hottest markets in 2017, with high sale prices and low housing inventory.
Read More »Existing Home Sales Reach 11-Year Peak
Sales on existing homes reached an 11-year high in November, jumping nearly 6 percent over the month. According to new data, about 5.81 million existing homes were sold in that period.
Read More »Housing Industry Reacts to Republican Tax Overhaul
Today the GOP-led Congress passed their sweeping tax reform—representing the biggest tax code overhaul in years. President Trump will hold a ceremony to mark the passage of the bill, which is scheduled for 3 p.m. EST.
Read More »House to Revote on Tax Reform Bill
While the Senate voted on the bill Tuesday evening, a technicality is forcing the House to revote on the bill Wednesday morning before it can head to President Trump for signing.
Read More »Fannie Mae Offers $10M to Solve Affordability Issues
If you’ve got ideas for how to solve America’s housing affordability issues, Fannie Mae has $10 million with your name on it. The GSE launched its Sustainable Communities Innovation Challenge just this week.
Read More »Shift Towards Investor, Refinance Loans Leads to Higher Credit Risk
A recent report indicates higher risk attributes for both purchase and refinance loans, although the risk levels remain similar to those in early 2000s.
Read More »Paul Compton Confirmed as HUD General Counsel
The Senate voted Monday night to confirm Paul Compton, President Trump's nominee for HUD General Counsel.
Read More »