Quote

“Every American deserved the right to be treated fairly and equitably is the process of securing safe and affordable housing. We look forward to reviewing the proposed rule and working with HUD to ensure a final rule that is consistent with case law, provides robust protections for borrowers and renters and clarity for lenders.”
–Pete Mills, MBA Senior Vice President of Residential Policy and Member Engagement, on a HUD proposal to restore its 2013 “disparate impact” rule on housing discrimination.

Paul Martin: The Time for Title Standards Is Now

Over the past several years, the hurdles to creating digital property transactions have been overcome with increasing speed. Between the rising adoption of the Mortgage Industry Standards Maintenance Organization (MISMO) SMART Docs and eNotes to remote online notarizations (RON), today’s housing industry finds itself standing on the precipice of a truly digital future.

Unemployment Claims Show Little Movement

Unemployment claims fell last week, but remained above 400,000 as revisions showed an increase from the previous week, the Labor Department said Thursday.

GDP Report Shows Chugging Economy

Hot, but not red-hot: the Bureau of Economic Analysis said its final estimate of first-quarter Gross Domestic Product showed an economy firing on all cylinders.