White House wants to privatize Fannie Mae and Freddie Mac

The Trump administration is proposing a sweeping reform of how the federal government supports housing finance by calling for the full privatization of mortgage-backed securities giants Fannie Mae and Freddie Mac.

Industry Praises House Passage of TRID Improvement Bill

The housing industry is applauding the House passage of the TRID (TILA-RESPA Integrated Disclosure) Improvement Act of 2017 (H.R. 3978) that aims to correct the disclosure of title insurance premiums, which are inaccurate in the majority of states. The bill, which was made part of a larger package, was passed on Wednesday. “Although the bill […]

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Mortgage financing should be plentiful this year

“Of the emerging trends disclosed in the lender survey, the most prominent is that nearly all lenders will be more aggressive in 2018…” …

Real estate industry welcomes flood insurance extension, reform

With a three-month extension of the National Flood Insurance Program set to expire in less than a month, the real estate industry on Tuesday cheered the passage of new House legislation that would reauthorize and reform the ailing 49-year-old insurance…

MBA: Mortgage Apps Up Across the Board

Mortgage applications rose 3.1 percent over the week, according to data gathered in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s Refinance Index grew 4 percent, as well, while the Purchase Index grew 2 percent. The refinance share of mortgage activity increased to 45.6 percent of total applications from 45.4 percent the […]

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MBA: Mortgage Apps Rise, Refis Fall

Mortgage applications rose 5.8 percent over the week, according to data gathered in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s Refinance Index grew 4 percent, as well, while the Purchase Index grew 45 percent. The refinance share of mortgage activity, however, decreased to 51.2 percent of total applications from 52.2 percent […]

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7 things to know from Ben Carson’s HUD confirmation hearing

The Senate Banking committee had a hot seat reserved for Donald Trump’s Department of Housing and Urban Development (HUD) secretary nominee, Ben Carson, at this week’s confirmation hearing …

MBA: Mortgage Apps Fall 12 Percent

Mortgage applications fell 12 percent over the most recent two-week period, according to data gathered in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s Refinance Index declined 22 percent, as well, while the Purchase Index declined 41 percent. The refinance share of mortgage activity, however, increased to 52.2 percent of total applications […]

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New home purchases down in June despite low mortgage rates

Most economists predict that when mortgage rates fall — especially to the near-historic lows they’ve reached lately — more people will apply to purchase a new home. However, that does not seem to be the case in the latest Mortgage Bankers Association…

Why interest rates are going to rise

Why are leading housing economists such as Sean Becketti of Freddie Mac, Mike Fratantoni of the Mortgage Bankers Association and National Association of Realtors’ Lawrence Yun still worried about rates on the long term? Although Becketti has lowered es…