cchappell@imfpubs.com Although a stronger economy, wage growth and an improved job market is driving home prices upward in 2018, Lawrence Yun, chief economist of the National Association of Realtors, said a low supply and widespread affordable housing shortage will dampen sales. In his 2018 midyear forecast he said more new housing starts are needed… …
The Trump administration appears set to name an experienced Washington regulator to take over the top post at the Consumer Financial Protection Bureau, but the process is fraught with challenges.
Residential mortgage lending was down in the first quarter of 2018 in every category, and by roughly similar degrees, according to a new analysis and ranking by Inside Mortgage Finance.
cchappell@imfpubs.com The Community Home Lenders Association wrote the Federal Housing Finance Agency Thursday morning asking Director Mel Watt to investigate and put an end to mortgage insurers offering better prices to lenders based on their size or volume when it comes to government-sponsored enterprise loans. MI pricing disparities have become more prevalent and the CHLA said it’s caused a growing concern among their members because it puts small lenders and their borrowers at a disadvantage. As a…
The Federal Reserve Bank of New York said as the U.S. considers reforming the housing-finance system it should take a look at what can be learned from other countries, in particular, Denmark.
By the end of this year, Fannie Mae and Freddie Mac plan to create a clearinghouse of resources such as translated mortgage documents to help borrowers who have a limited proficiency of English.
Goldman Sachs is approaching $1 billion in credit towards reaching a $1.8 billion consumer-relief obligation under two mortgage-related settlement agreements with the Department of Justice and three states, including New York, Illinois and California.
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