The National Association of Federal Credit Unions VP of Legislative Affairs, Brad Thaler, sent a letter to the Committee on Ways and Means Subcommittee on Tax Policy, urging them to keep the credit union federal tax exemption as they consider tax reform proposals.
Read More »Is Bank of America’s New Mortgage Program a Substitute for FHA Lending?
Bank of America's Affordable Loan Solution program provides an alternative for low-income borrower but despite being an innovative solution to market demand, industry analysts feel it does not provide enough competition to substitute the FHA completely.
Read More »FHFA: Debt Reduction is ‘Still Under Consideration’
The Federal Housing Finance Agency said it was looking for a "responsible solution" to the issue of mortgage debt reduction.
Read More »Distressed Homeowners Still Turning to Permanent Loan Modifications
Foreclosures are way down and many housing fundamentals are at pre-crisis levels. But for those borrowers still facing foreclosure or at risk of defaulting, permanent loan modification remains a popular option.
Read More »Gap Between First-Time Buyer and Repeat Buyer Risk Continues to Widen
Why does the index for first-time buyer mortgages backed by a government Agency continue to rise?
Read More »Congressionally-Funded Loss Mitigation Program Counts Two Million Served
Nicole Harmon, VP of Foreclosure Mitigation Programs at Neighborworks America, recently spoke with DS News about what the milestone of counseling two million homeowners through the NFMC means for the mortgage industry.
Read More »Investors Are Taking a Larger Share of the Existing-Home Sales Pie
Existing-home sales were way down in February, but the data from the National Association of Realtors shows that investor activity in the market is on the rise.
Read More »How Long Will Home Prices Stay on Their Upward Path?
As housing demand continues to rise, interest rates remain at historical lows, credit conditions ease, and the labor market improves, home price growth continues to climbs but for how much longer?
Read More »Mortgage Lenders Cautious of High-Risk Borrowers
The non-qualified mortgage loan market has originators a bit wary toward borrowers and questioning if the risk is really worth it.
Read More »The Week Ahead: Economic Picture is Murky
The Fed announced earlier this week that economic growth was not sufficient enough to raise the federal funds rate. The GDP estimate was a mere 0.7 percent for the "advance" estimate for Q4 and just 1.0 percent for the second estimate; what will the third estimate hold?
Read More »