After decades of “hollowing out,” center-cities are becoming increasingly popular, according to the FHFA.
Read More »Stakeholders Urge Watt to Reduce LLPAs and G-Fees
A group of 26 stakeholders in the housing industry has written a letter to FHFA Director Mel Watt asking him to either reduce or eliminate loan-level price adjustments (LLPAs) and guarantee fees charged by the Fannie Mae and Freddie Mac.
Read More »Low Mortgage Rates Spur Refinances
Total refinance volume between Fannie Mae and Freddie Mac increased in April due to falling mortgage rates, according to the Federal Housing Finance Agency (FHFA).
Read More »8 Pitfalls to the FHFA’s URLA Changes
Several trade groups and organizations focused on the banking and mortgage industries recently wrote a letter to FHFA Director Mel Watt, concerning a potential last-minute addition to the new Uniform Residential Loan Application.
Read More »Housing Advocates to FHFA: GSEs Need to Rebuild Capital
Housing finance reform is once again taking center stage as several industry stakeholders have sounded off on the topic, stressing the importance of protecting taxpayers and the mortgage industry in general.
Read More »Is a Fed Rate Hike Imminent?
Two mortgage interest rate indicators released today showed that rates moved upward for the month and over the last week, keeping alive the possibility that the Fed may finally make its move this summer.
Read More »Which States Saw Home Price Declines?
Home prices have been on an upward path for the last few years, but 12 states broke the trend and experienced home price depreciation in the first quarter.
Read More »FHFA Dives into Diversity and Inclusion
For Melvin L. Watt, Director of the Federal Housing Finance Agency, diversity and inclusion in the mortgage and lending arena is “a business imperative” that goes far beyond political correctness and statutory obligations outlined in the Housing and Economic Recovery Act of 2008.
Read More »Refinancing Takes a Tumble
Despite the current, historically low-interest rate environment, homeowners are still stalling on refinancing their home.
Read More »One Servicer’s Search for a Needle in a Haystack
Ditech Financial and HLP announced an agreement to implement a borrower outreach effort to identify and assist the less then 1 percent of borrowers who are eligible for the FHFA’s Principal Reduction Modification program.
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