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FHFA Evaluates Future Goals

The FHFA announced its proposition for Fannie Mae and Freddie Mac’s 2018-2020 Single-Family Housing and Multifamily housing goals Thursday. They have opened up ability to comment on the proposed rule, which will close 60 days from publication in the Federal Register.

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Mortgage Applications Down, Shares Mostly Unchanged

Though some categories increased and some remained unchanged, the Mortgage Brokers Association weekly survey released Wednesday reported decreases in almost all areas. Results for next week's survey ending June 30 will be released July 6 due to Independence Day.

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Banking and Housing Lobby Petitions for CFPB Structural Changes

The banking and housing lobby has recently sent a letter to the leaders of the Senate and House appropriations committees expressing their position that the Consumer Financial Protection Bureau should be restructured from a single director to a bipartisan panel of five people. Will they be able to get it through before Cordray’s appointment is up in 2018.

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Ever-Changing TRID Demands Companies Pivot to Stay Current

Now that TRID has turned two, it is becoming clear that companies are going to need to think on their feet in order to stay current with TRID’s constantly changing mandates and timelines. How to tackle this problem? Software as a service can be one way to stay up to date, reduce costs, and eliminate errors.

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Can Hispanics Bridge the Homeownership Gap?

Hispanics are a historically underrepresented market when it comes to homeownership, according to a recent report released by Freddie Mac. This gap is getting smaller—but it begs the question, who makes up the Hispanic population, and will the gap continue to close over time?

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