On Thursday, U.S. Department of Housing and Urban Development (HUD) Secretary Dr. Ben Carson testified before the Senate Banking Committee.
Read More »Rising Rates to Impact Homebuyers
On Wednesday, after Jerome Powell's first Federal Open Market Committee (FOMC) meeting as Fed Chair, the Federal Reserve announced that it had increased the Fed funds rate by a quarter point at a target of 1.5 percent to 1.75 percent. ...
Read More »New Bill Amends Stress Test Rule of Nonbanks
The Alleviating Stress Test Burdens to Help Investors Act was passed by the House with a 395-19 majority. The passing of this bill by the house is expected to pave the way for exempting nonbank financial institutions that are regulated ...
Read More »FOMC Meeting: Setting the Pace for Future Rate Hikes
The meeting of the Federal Open Market Committee (FOMC)—the policy-making arm of the Federal Reserve begins today. This is also the first time that the meeting is being led by Jerome Powell the new Chairman of the Federal Reserve Board. ...
Read More »Dodd-Frank Rollback to Impact PACE ABS Market
An analysis of the Dodd-Frank Act modifications by Moody’s has found that the amendment to the federal Truth in Lending Act (TILA) passed by the U.S. Senate last week will help clarify certain federal consumer protection responsibilities for participants in ...
Read More »Economic Fundamentals Remain Positive Despite Q1 Lows
The housing market might have had a rough start to the year, but according to Fannie Mae’s Economic and Housing Outlook released on Monday, this quarter seems to be a temporary headwind as a stimulative fiscal policy is expected to ...
Read More »Caliber Home Loans Launches Mobile Platform
Coppell, Texas-headquartered Caliber Home Loans, Inc. (Caliber), has announced the launch of a new mobile platform. Featuring three mobile phone apps customized for three user groups–borrowers, the Caliber sales force, and their business associates–all users receive real-time information and the ...
Read More »MPF Program and Ginnie Mae Surpass $1 Bn in MBS
The MPF Program recently surpassed $1 billion in mortgage-backed securities (MBS) issued. The MPF Government MBS product was the result of a partnership forged by the Federal Home Loan Bank of Chicago and Ginnie Mae to issue securities guaranteed by ...
Read More »HouseCanary Wins $706.2 Mn Verdict Against AMROCK Inc.
A federal jury in Texas has awarded HouseCanary, a provider of real estate valuation and assessment tools, $706.2 million in its breach of contract and trade secret misappropriation case with Title Source, an affiliate of Quicken Loans, now known as ...
Read More »Collaborating for a Sustainable Housing Industry
It’s been a decade since the housing crisis of 2008. As the present administration looks at rolling back some of the more stringent regulations that were introduced during that time to protect homes and homeowners, the regulatory framework is also ...
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