Industry News

Commissions Are Up

August 26, 2020

Average commissions were up 59% in the second quarter, year-over-year.
Mortgage Snapshot

August 26, 2020

Quick news from the world of mortgage lending.
Assistant Secretary for Housing – Federal Housing Commissioner Confirmed

August 26, 2020

Dana Wade was confirmed by the U.S. Senate to serve as Commissioner of the Federal Housing Administration.
More Homeowners

August 26, 2020

The U.S. homeownership rate soared to an almost 12-year high in the second quarter.
Where is the Bottom?

August 19, 2020

Interest rates can only go so low…
Fannie and Freddie Implement New Fee

August 19, 2020

Both agencies will begin charging an Adverse Market Refinance Fee on September 1.
Mortgage Snapshot

August 11, 2020

Quick news from the world of mortgage lending.
MBA Asks HUD to Postpone Rule

August 11, 2020

After concerns about housing equality, the MBA has asked HUD to postpone its final disparate impact rule.
Foreclosure Filings Fall

August 11, 2020

Despite uncertainty surrounding the coronavirus pandemic, foreclosure filings are down in 2020.
The Fed Continues Buying

August 4, 2020

Last week, the Fed added another $1 Billion to its mortgage-backed securities purchase.
CFPB Issues Revised ARM Consumer Handbook

July 28, 2020

The Consumer Financial Protection Bureau announced a revised Consumer Handbook on Adjustable Rate Mortgages.
Millennials and the Housing Market

July 28, 2020

As the largest section of Millennials turns 30, how the pandemic affects their homebuying power is yet to be seen.
COVID-19 Shouldn’t Impact Home Prices

July 21, 2020

Unlike the previous economic crisis, the housing market remains stable.
Home Prices Becoming More Affordable

July 21, 2020

Home prices in nearly half of U.S. counties are more affordable than historical averages.
Census Results Could Reshape USDA Areas

July 21, 2020

Results of the 2020 census could shrink USDA-eligible loan areas.
President Can Remove CFPB Director

July 15, 2020

The Supreme Court ruled that the president can remove the CFPB head at will.
Rates to Go Lower

July 15, 2020

Fannie Mae forecasts that the recent low rates will continue through 2021.
CFPB Proposes Changes to QM Patch

July 7, 2020

The CFPB released two notices of proposed rulemaking surrounding the QM Patch.
LPA Getting Update

July 7, 2020

LPA and Home Possible will be updated with new AMI limits next week.
Housing Market Rebounds, but Uncertainty Looms

July 7, 2020

Freddie Mac’s chief economist warns that true economic rebound will depend on coronavirus developments.