Industry News

Virus Creates a Unique Scenario

June 2, 2020

There has never been a better time to buy, but for many it’s nearly impossible to get a loan.
Listing Shortage to Ease?

June 2, 2020

As restrictions begin to loosen, more and more homes should hit the market.
Refi Volume Set to Spike

June 2, 2020

While other parts of the economy slip, refinances are set to hit their highest numbers in 17 years.
Home Sales Should Rebound

May 27, 2020

According to Realtor.com, a rebound in home sales is coming by late summer.
Former MBA President Critical of Forbearance Program

May 20, 2020

David Stevens warns that the current forbearance program opens the door to “moral hazards.”
Cash-Out Refinances to Rise?

May 20, 2020

As borrowers struggle to make payments, cash-out refinances could be the answer.
Freddie Mac Issues Condominium Flexibility Bulletin

May 12, 2020

Freddie Mac is offering temporary flexibility and guidance to assist sellers during the COVID-19 pandemic.
No Current Plans to Create a Federal Reserve Facility

May 12, 2020

Despite calls to bail out servicers, Treasury Secretary Mnuchin says it is not needed.
Virtual Showings Soar

May 12, 2020

Real estate agents are finding new ways to show homes during the pandemic.
What Will be Included in the Next Round of Stimulus Spending?

May 5, 2020

The President said aid to state and local governments and money for road projects and expanding broadband service would be included in the next round of stimulus.
Uniform Residential Loan Application Timeline Extended

May 5, 2020

Due to the COVID-19 pandemic, the GSE’s have extended the timeline for URLA implementation.
Guarantee Fees to Increase?

May 5, 2020

The money for economic stimulus is likely to come from guarantee fees on Fannie and Freddie loans.
Should Servicers Receive Support?

April 28, 2020

The debate is on whether mortgage servicers should get financial support from GSEs.
Market Stresses Could Impact the Housing Industry

April 21, 2020

Because of the size of the mortgage-backed securities market, many investors have shown concern.
Home Purchase Sentiment Index Falls in March

April 21, 2020

Consumer confidence has slipped in five of six HSPI metrics.
Home Construction is Essential

April 14, 2020

Following a NAHB request, the Department of Homeland Security has deemed home construction essential.
Is Housing Construction Essential Infrastructure Business?

April 7, 2020

In a letter to the Department of Homeland Security, trade groups advocate that construction is a necessity.
The Fed Buys Assets

March 31, 2020

In order to support the financial markets, the Fed takes aggressive efforts.
Record Average FICO Score

March 24, 2020

In 2019, the average FICO score hit a new high.
Housing Sales Potential Still Strong

March 24, 2020

With low rates and millennials coming of age, it is a sellers’ market.