Private mortgage insurers took a bigger share of the primary MI market last year, although the VA program rebounded in the fourth quarter, a new Inside Mortgage Finance analysis reveals.
Fannie Mae and Freddie Mac both suffered from what’s likely to be a one-time event that resulted in a hit on their earnings for the fourth quarter thanks to the late 2017 Tax Cuts and Jobs Act that impacted their deferred tax assets.
The Trump administration proposed a new fee on FHA lenders to upgrade the agency’s ancient technology – a plan that’s been raised by several administrations only to be batted away by Congress.
The House of Representatives this week approved bills extending regulatory relief pertaining to the integrated disclosure rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act, or TRID.