Kim Yowell of Fairway Independent Mortgage was honored at the Keys for Life Gala in Dallas during the Five Star Conference for her contributions to the mortgage marketplace.
Read More »2023 Legal League Summit Brings Together Attorneys, Government, Servicers
The semi-annual Legal League Fall Servicer Summit was held as part of the Five Star Conference & Expo in Dallas, as the industry's foremost experts discussed the latest compliance issues facing the industry.
Read More »Government Credit Rating Downgrade Forces Uptick in Mortgage Rates
On the heels of Fitch Ratings downgrading the GSEs’ senior unsecured debt ratings to 'AA+' from 'AAA,’ Freddie Mac reports the fixed-rate mortgage climbed nine basis points week-over-week, inching closer to the 7%-mark.
Read More »Limited Inventory Weakens Conventional Purchase App Activity
The MBA reports that overall mortgage application volume fell for the second straight week, with limited housing inventory and rates nearing the 7% mark hampering affordability for many potential buyers.
Read More »Uniform Appraisal Dataset Enhanced With New Property Characteristics
The FHFA released new Uniform Appraisal District Data for the first quarter, adding new data points such as lot-size categories, property condition, the presence of an accessory dwelling unit, and local racial demographics.
Read More »House Measure Seeks to Repeal GSEs’ Loan-Level Price Adjustment Rule
HR 3564 creates additional protections that prevent the imposition of new fee changes based on the DTI of borrowers and institutes a temporary, one-year freeze in the FHFA’s ability to enact new LLPA fee changes.
Read More »Mortgage Rates Elevated, But Historically About Average
“Though mortgage rates are substantially higher than they have been on average over the past decade, from an historic perspective rates are about average,” Freddie Mac said.
Read More »USMI Appoints Christina Brown as VP and Senior Counsel
“We are thrilled to have Christina join our team and share her deep knowledge of the mortgage industry, the housing finance system, and the regulatory process to support our members as they enable access to affordable homeownership, while strengthening the safety and soundness of the housing finance system,” said Seth Appleton, President of USMI.
Read More »The Week Ahead: FHFA to Host Hearing on Appraisal Bias
The FHFA will host a hybrid hearing of the Appraisal Subcommittee exploring the appraisal regulatory system focusing on appraisal standards, appraiser qualification criteria, and barriers to entry into the profession, appraisal practice and State regulation.
Read More »Down Payment Resource Programs Grow Nationwide
“The increase in down payment assistance for several consecutive quarters represents growing opportunities for homebuyers that have been traditionally underserved,” said DPR Founder and CEO Rob Chrane.
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