Government

At a recent hearing hosted by the Financial Services Subcommittee on National Security, International Development and Monetary Policy, environmental experts discussed the risks to the National Flood Insurance Program (NFIP) posed by climate change.

As the patch is set to expire in 2021, one group said altering requirements would help minorities’ access to homeownership.

Plaza Home Mortgage will be the first wholesale lender in Calyx Wholesaler Market Place to deliver rate lock confirmations back to brokers through the portal and into their loan origination system.

Of the three new policies, one of which was done in response to actions by HUD and more than 1,500 housing agencies.

Three out of the five financial services bills recently passed by the House of Representative were directly housing related.

Fannie Mae reports that falling mortgage rates are good news to mortgage lenders, and more homeowners could benefit from refinancing.

Leaders of HUD, the Treasury, and the FHFA convened at a recent Senate hearing to discuss the reform of Fannie Mae and Freddie Mac, as well as broader housing reform.

Steve Mnuchin appeared on FOX News and talked about the GSEs, and when he expects to receive Congressional support on reform.

Reform of the GSEs has been sought for more than a decade, and many are looking for details from the Treasury’s plan.

Although the Bureau of Labor Statistics reported a drop in job growth, economists said there is a positive to the numbers.