Two organizations recently announced how they intend on helping those in need of housing assistance—from the homeless to homeowners facing tax foreclosure.
Read More »Federal Relief Helping to Restore Flood-Ravaged Communities
With large HUD relief packages issued to both Texas and Florida, these battered communities are working to rebuild after this year’s brutal hurricane season. But when will it arrive, and will it be enough?
Read More »Mortgage Lenders Experience a Drop in Profits
The latest data on independent mortgage banks and mortgage subsidiaries of chartered banks reports reduced profitability on the production side of the business outweighed servicing gains.
Read More »Senate Passes Tax Reform Early This Morning
After hours of discussion on the Senate floor, early Saturday morning the United States Senate secured the 50 votes needed to pass its tax bill. The vote was a close 51-49.
Read More »Ginnie Mae Pres on Growth: ‘Our Systems Are Volume Agnostic’
Wednesday morning, the House Financial Services Committee held a hearing entitled “Sustainable Housing Finance: The Role of Ginnie Mae in the Housing Finance System.” Michael R. Bright, Acting ...
Read More »Rising Rent Costs Blocking Homeownership Dreams for Many
It’s no secret that rent prices are taking a big bite out of many Americans’ incomes, especially for those not in a position to purchase a home. Even ...
Read More »How Could Tax Reform Transform the Economy?
Tax reform has been at the top of the agenda for both President Trump and Congressional Republicans in recent months. The Senate version of the tax bill passed ...
Read More »Pending Home Sales Increase: Is it Enough?
On Wednesday, the National Association of Realtors (NAR) released its Pending Home Sales Index (PHSI) for October, reporting the first rebound after three consecutive months of reduced activity. ...
Read More »Borrowers: Mortgage Loan Limits are on the Rise
On Tuesday the Federal Housing Finance Agency (FHFA) announced the 2018 maximum conforming loan limits for mortgages to be acquired by the enterprises—reporting an overall increase in loan limits.
Read More »Court Rules for Mulvaney, But CFPB Battle May Continue
Although a Washington District Court denied Leandra English's attempt to block Mick Mulvaney as Acting Director of the CFPB, the legal battle likely is not yet over.
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