Mortgage interest rates were down for the second consecutive week following eight weeks of increases, but Fannie Mae and Freddie Mac raised their standard mortgage modification rate for the second time in a month up to its highest level since mid-2015.
Read More »Carson Spells Out Plans for Leading HUD
HUD Secretary-Designate Dr. Ben Carson calmly answered questions for nearly three hours before the Senate Banking Committee in his confirmation hearing on Thursday, saying that he wanted to run HUD in order to "heal America's divisiveness."
Read More »Invitation Homes Makes Public Offering Plans Known
Six months after initially announcing its intention to go public, single-family rental platform Invitation Homes has made its plans known for the IPO.
Read More »Bankruptcy Filings Finish 2016 with Upward Turn
After falling year-over-year for five consecutive Decembers, the number of bankruptcy filings bumped up from the previous year, according to the latest AACER bankruptcy data reported by Epiq Systems.
Read More »Will Housing Become Less Affordable?
Affordability may be strong for now in the housing market, but how much longer will that last? Maybe not too much longer, according to one analysis.
Read More »House Dems Write in Defense of Cordray
A group of Democrats from the U.S. House of Representatives have written a letter to President-elect Donald Trump asking him not to remove CFPB Director Richard Cordray before his term is up in mid-2018.
Read More »Confidence in the Economy is Surging
By any measure, consumers have great expectations for the U.S. economy in the coming year. What is driving the optimism?
Read More »KBRA: Don’t Remove Government Backing from Mortgages
Privatizing the GSEs could potentially have an adverse effect on the mortgage market in the United States, according to Kroll Bond Ratings Agency.
Read More »NAMFS Forms Compliance Working Group
The National Association of Mortgage Field Services has created a Compliance Working Group with the goal of standardizing compliance for the mortgage field services industry,
Read More »CFPB Updates Congress on Mortgage Industry Rules
The Consumer Financial Protection Bureau recently reported on what it has done to assist the mortgage industry with the smooth implementation of three of its major initiatives: TRID, HMDA, and the August 2016 updates to its new mortgage servicing rules.
Read More »