A recent survey of mortgage professionals shows that a majority are ready for regulation changes to the Home Mortgage Disclosure Act. Most of those polled believe requirements for collecting, analyzing and reporting data, coupled with a lack of resources to manage the mortgage data, contributes to the rising cost of loans. Nearly a quarter share President Trump’s sentiment that policy changes to the mortgage industry would be beneficial to the lending market.
Read More »Secretary Carson Talks Mind Over Matter in Housing Struggles
In a recent radio interview, HUD Secretary Ben Carson said that with “the right mindset,” many Americans using HUD’s low-income housing subsidies could overcome their struggles. Carson discussed topics of poverty, housing, and the government’s role in both, just days after President Trump’s 2018 budget blueprint was released. The plan cuts $6.2 billion from the HUD budget, ends the Community Development Block Grant program, and slashes funding for the department’s rental assistance program.
Read More »CFPB vs. PHH Case Reheard by Court of Appeals
The Court of Appeals rehearing of the Consumer Financial Protection Bureau (CFPB) took place Wednesday to determine the constitutionality of CFPB’s leadership structure. Previously brought by PHH Corporation in October, the initial decision by the court determined the CFPB was, in fact, unconstitutional. Wednesday’s hearing was an “en banc” review, previously agreed upon in February.
Read More »Will the Interest Rate Rise with the Employment Rate?
With the release of the February Jobs Report showing a higher-than expected jump in employment, experts speculate what this may mean for next week’s FOMC meeting.
Read More »President Trump’s Housing Focus in First 30 Days
It's clear that President Trump's first 30 days have been impactful—see just what he has accomplished during this time in the areas of finance, housing, and mortgage.
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