The Consumer Financial Protection Bureau on Thursday issued final rules related to qualified mortgage loans. The Mortgage Bankers Association provided preliminary summaries of the final rules.
President-Elect Joseph Biden this week nominated Rep. Marcia L. Fudge, D-Ohio, as HUD Secretary. If confirmed, she would be the first woman to lead HUD in more than 40 years and the second Black woman in history to lead the Department.
The MBA Mortgage Action Alliance announced results of its Steering Committee elections, adding three at-large members for the 2021-2022 election cycle.
Initial claims for unemployment insurance rose for the third time in five weeks amid signs the economy is stalling, the Labor Department reported yesterday.
The Federal Housing Finance Agency on Thursday announced Fannie Mae and Freddie Mac would extend several loan origination flexibilities until January 31, from Dec. 31.