The proposed increases range between about 17% and 25%, depending on the fee.

The allowable fee lenders/servicers can charge for assumptions of FHA mortgages is now $1,800.

Broeksmit said the Biden Administration also is causing trouble with the "so-called" Basel III endgame proposal...

Bob Broeksmit, president and CEO of the MBA, said that if the Supreme Court had invalidated the CFPB's rules, there would have been a severe impact on the housing market.

Six months after completing its year-long review of the Federal Home Loan Bank System, FHFA is asking housing industry stakeholders how to create a mission statement that restores the banks' focus on housing.

The 7-2 decision upholds the bureau’s ability to receive funding directly from the Federal Reserve and overturns a decision by the Fifth Circuit Court of Appeals.

“The current approach is clearly failing,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association.

Federal banking regulators are still grappling with whether to re-propose a rule on capital requirements for large banks or to move on to a final rule.

“In short, the agencies tried to do too much,” the American Bankers Association said.

Home price appreciation in 2024 is expected to be well below the 5.5% annual appreciation seen in 2023, according to Fitch Ratings.