BREAKING NEWS
CFPB Letter Signals Possible QM Changes; See Today's MBA Advocacy Update
On Friday, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to Congress outlining the Bureau's plan for a revised Qualified Mortgage Standard.
HUD and the Census Bureau gave the housing and real estate finance industry something to cheer about Friday, reporting the strongest jump in housing starts in 13 years.
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National spending for improvements and repairs on owner-occupied homes is expected to rise “only modestly” this year, according to the Leading Indicator of Remodeling Activity by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, Cambridge, Mass.
This week’s MBA Chart of the Week examines the reasons why fewer Americans are moving.
Zillow, Seattle, said the total value of every home in the U.S. reached $33.6 trillion at the end of 2019, nearly as much as the GDP of the two largest global economies combined--the U.S. ($20.5 trillion) and China ($13.6 trillion).
Redfin, Seattle, said U.S. home-sale prices increased by 6.9% year over year in December to a median of $312,500. In a separate report, RE/MAX, Denver, said December posted a record finish to the year and decade
There’s more to adopting a digital mortgage strategy than simply using the necessary technologies and processes. Successful adoption also depends on getting clear and explicit buy-in from key stakeholders, such as borrowers, lender team members and settlement agents. By getting these crucial groups on board, lenders can then make the digital mortgage experience intuitive, consistent and repeatable.
The Federal Housing Finance Agency announced J. Christopher “Chris" Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission, will serve as independent, non-Executive Chairman of the Board of Directors of Common Securitization Solutions LLC and that CSS will amend the structure of its Board of Directors.
On January 1, the California Consumer Privacy Act (CCPA) became law--a warning shot across the bow of every real estate finance company in America.
The weekdays immediately following the Martin Luther King Jr. holiday are usually quiet in Washington. Not this week. For only the third time in U.S. history, the Senate has begun an impeachment trial against a sitting President.
