Soft economic growth in Q4 to this point has done nothing to change Fannie Mae’s forecast for economic growth forecast for 2016, as current economic conditions suggest that that a long-anticipated increase in the federal funds target rate will be announced Wednesday afternoon
Read More »5 Big TRID Challenges Title Companies Face
The title industry is yet another piece of the mortgage industry that has felt the effects of a prosperous housing market and new regulations and the CFPB. Although the road has not been easy, title companies have managed to stay ahead of things by adapting to changes.
Read More »Rate Hike or no Hike? Home Shoppers Remain Undeterred
Tomorrow all eyes are on the Federal Reserve, and the housing industry could experience a shake not felt in over nine years. The industry has been practically holding their breath anticipating what the Fed may or may not do after the Federal Open Market Committee wraps up its last meeting of the year.
Read More »FHFA Proposes Rule for Fannie Mae, Freddie Mac to Offer Mortgages to Underserved Markets
The proposed regulation will require the GSEs to serve three underserved markets including manufactured housing, affordable housing preservation, and rural markets.
Read More »Big Banks See Big Gains in Mortgage Payment Performance
Homeowners appear to be keeping up with their mortgage payment at the largest banks, improving overall performance of first-lien mortgages and cutting the need for loss-mitigation.
Read More »Loosening Credit Draws First-Time Buyers Out of Hiding
The American Enterprise Institute's International Center on Housing Risk believes looser credit is the direct result of job market improvements, riskier mortgage lending, and low mortgage rates.
Read More »How will Freddie Mac’s Seller/Servicer Updates Affect Your Business in 2016?
Freddie Mac sellers/servicers brace yourself for some significant changes regarding the way that they you do business in the coming year.
Read More »The Pressure’s On: Will the Fed Raise Rates Next Week?
On Wednesday, December 16, the Federal Open Market Committee (the policy-making arm of the Federal Reserve) will wrap its eighth and final meeting of 2015. Nearly everyone from economists, analysts, and even the policymakers themselves are predicting the FOMC to announce the Fed’s first federal funds rate hike in nine years.
Read More »Here are the Top 3 Ways TRID is Affecting Credit Unions
The TILA-RESPA Integrated Disclosure (TRID) shook the mortgage industry over two months ago, and it's after-effects are still being felt around the industry.
Read More »Freddie Mac, ABA Alliance Offers Greater Mortgage Assistance to Lenders
The ABA operates as the voice of the nation's $16 trillion banking industry, which is made up of regional and large banks. These banks hold a total of $11 trillion in deposits and extend nearly $8 trillion in loans.
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