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Did QE Put the Fed in a Box from Which it Can’t Escape?

March 17, 2017
Thomas Ressler
An interview this week with Peter Schiff, CEO of Euro Pacific Capital and a perennial critic of the Federal Reserve, suggests that the extraordinary level of support the U.S. central bank gave to the housing and mortgage markets in the wake of the financial crisis may mean the Fed is stuck between a rock and a hard place.
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Credit Reporting Changes Could Spur More Mortgage Lending

March 17, 2017
Carisa Chappell
The three major credit bureaus plan to exclude two critical pieces of negative information from their reports, which may make it easier for some borrowers to qualify for a mortgage.
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Grant from NAMB and United Wholesale Helps Fund 15 New Mortgage Broker Shops

March 17, 2017
Brandon Ivey
A program launched in September to provide grants to mortgage brokers has helped launch 15 new independent mortgage brokerage shops, according to the National Association of Mortgage Brokers.
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Appraisers Frustrated with Regulatory Burdens, Low Pay

March 17, 2017
Carisa Chappell
Appraisers are most frustrated with the FHA, excessive regulations and insufficient compensation, according to a National Association of Realtors survey of more than 2,000 appraisers.
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Top Cities for Millennial Homebuyers Include Pittsburgh, DC

March 17, 2017
Carisa Chappell
A new study by LendingTree said that Pittsburgh tops the list of cities for millennial homebuyers with 48.4 percent of all purchase mortgage requests coming from that demographic.
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Agency Servicing Growing, Commercial Banks Continue Pullback

March 16, 2017
John Bancroft
The volume of home mortgages outstanding continued to grow during the final three months of 2016, no thanks to the commercial banking industry.
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Affordable Housing Group Says Trump’s Proposed $6.2B HUD Cut Would Devastate Current Efforts

March 16, 2017
Carisa Chappell
The Trump Administration’s proposed budget for FY2018 includes a $6.2 billion cut to programs falling under the U.S. Department of Housing and Urban Development.
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CFPB Sticks Nationstar With $1.75M Fine for Flawed HMDA Reporting

March 16, 2017
Thomas Ressler
The Consumer Financial Protection Bureau fined Nationstar Mortgage $1.75 million this week for allegedly violating the Home Mortgage Disclosure Act.
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PHH Corp. Continues Defense in CFPB RESPA Dispute

March 16, 2017
Thomas Ressler
PHH Corp. and related parties again made a full defense of their position in their legal struggle with the CFPB over alleged misconduct under the Real Estate Settlement Procedures Act.
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Short Takes: Deputy Treasury Secretary Role to Be Filled / Fannie Prices Second CRT of 2017 / Housing Inventory Continues Downward Spiral / FHFA Shows Refi Volume Down in Jan.

March 16, 2017
Carisa Chappell
Former Goldman Sach executive, James Donovan, is the latest Goldman hire for a senior government position in the Trump Administration.
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Latest Imf News

  • GSEs Sharply Slow Pace of Portfolio Additions in Second Quarter

  • Newrez Settles Servicing Issue With States for $15.5 Million

  • Income Nearly Doubles at Figure in Second Quarter

  • Non-QM Originations Expected to Continue to Rise

More Imf News

Featured Data

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More Featured Data

Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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