Fannie Mae and Freddie Mac will now need Federal Housing Finance Agency approval—and possibly public comment—before offering new products, in order to ensure safety and soundness standards.
Read More »Wells Fargo to Pay $3.7B as Part of CFPB Agreement
“This far-reaching agreement is an important milestone in our work to transform the operating practices at Wells Fargo and to put these issues behind us,” said Charlie Scharf, Wells Fargo’s CEO.
Read More »Senate Passes VA Appraisal Modernization Measure
Under HR 7735, servicemembers, veterans, and their families will have increased access to more affordable, sustainable homeownership opportunities through the Department of Veterans Affairs.
Read More »New Listings, Home Sales Dip as Prices Moderate
Reaching their lowest point of the year, new listings dropped 21.4% from October, while home sellers also saw median sales price slip, though numbers remain nearly 4% higher than November 2021.
Read More »Seizing Untapped Opportunity in Construction Lending
Not everyone who wants to build a home or invest in residential real estate can get the financing they need. Michael Isaacs of GO Mortgage examines the opportunities that exist within these scenarios.
Read More »Home Purchase Mortgage Apps Drop in November
According to new MBA Builder Application Survey data for November 2022, findings show mortgage applications for new home purchases decreased an estimated 25% compared to a year ago.
Read More »Backyards The Most Sought-After Home Feature
"The rising popularity of outdoor features suggests the pandemic has changed the way we want to live for good, priming the backyard for a 2023 evolution," said Amanda Pendleton, Zillow's Home Trends Expert.
Read More »How the Cloud Accelerates Mortgage Innovation
This piece originally appeared in the December 2022 edition of MReport magazine, online now. When it comes to mortgage technology, lenders have no shortage of options to choose from. Yet many ...
Read More »Recessionary Conditions Predicted by Fannie Mae in Q1
Fannie Mae’s Economic & Strategic Research Group now forecasts recessionary conditions taking a hold of the market during Q1 2023, even after forecasting better fourth-quarter numbers due to strong GDP and personal consumption figures.
Read More »CFPB Director Chopra Testifies Before Congress
In the Bureau’s Semi-Annual Report, Director Rohit Chopra detailed the work the CFPB has accomplished, including securing $275 million in total consumer redress and $270 million in civil money penalties.
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