Marking the largest increase in nearly 22 years, the Federal Open Market Committee raised interest rates by 50 basis points to a range of 0.75-1.00% amidst record-high inflation. The Fed will also allow $60 billion in Treasuries and $35 billion in MBS to roll off their balance sheet each month.
Read More »CFPB Seeks to Examine More Nonbank Financial Companies
The Consumer Financial Protection Bureau (CFPB), created in 2010 as part of the Dodd-Frank Act, has invoked an unused portion of its legal power to examine nonbank financial companies that pose risks to consumers. The CPFB believes that using this ...
Read More »FHFA Unveils Duty to Serve Details for GSEs
New program commits to serving manufactured housing markets, as data shows residents of owner-occupied manufactured housing tend to have lower incomes than owners of site-built homes.
Read More »CFPB Director Testifies Before House Financial Services Committee
Rohit Chopra outlines recent efforts of the CFPB in Semi-Annual Report, and addresses measures to keep tech at the forefront of the Bureau’s objectives.
Read More »Florida, Texas, Most Likely to See Flood Insurance Hikes
It seems that the Federal Emergency Management Agency Risk Rating 2.0, which is changing up where and how much people are being charged for flood insurance, is impacting Texas and Florida the hardest. FEMA’s Risk Rating 2.0 raises flood insurance ...
Read More »HUD Backs Biden Administration’s Solar Goals
Residents of HUD-assisted properties in the D.C. region will be able to access new solar program without experiencing an increase in their housing costs.
Read More »The Week Ahead: Servicing Industry Meets Government Leaders to Chart Future
The Five Star Government Forum will once again bring together industry stakeholders and their government partners to Washington, D.C. to discuss the mortgage and housing landscape in 2022 and onward.
Read More »Lawsuits Over Floorplans May Become Reality if Ruling Stands
The National Association of Realtors (NAR), among a group of 18 companies and organizations, is leading the charge against a recent court ruling that allows lawsuits to be brought against homeowners that use their own floor plan during the course ...
Read More »FHA Finalizes Details on 40-Year Mortgage Mod
Geared toward borrowers struggling due to the pandemic, FHA details the latest loss mitigation option to help homeowners remain in their homes.
Read More »HUD Provides Framework to Advance Housing Equity Nationwide
The Department’s new Equity Action Plan outlines its commitment to bringing equity to the forefront within the Biden Administration by reducing the racial homeownership gap.
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