MBA, Trade Groups Reiterate Opposition to G-Fee Offsets
Fresh off of last week’s regulatory victory in which the Federal Housing Finance Agency withdrew its controversial adverse market refinance fee, the Mortgage Bankers Association and several dozen industry trade groups took fresh aim at another controversial practice—a move in Congress to use the government-sponsored enterprises’ guaranty fees—known as “g-fees”—to offset funding for non-housing programs.
MBA, Trade Groups Urge HUD to Address FHA Affordable Housing Delays
The Mortgage Bankers Association and a dozen industry trade groups urged HUD to address “severe processing delays” that are impeding financing of affordable housing in the Federal Housing Administration multifamily and healthcare programs.
June Existing Home Sales Up 1.4%
Existing home sales increased in June, the first monthly increase in five months, the National Association of Realtors reported Thursday.
Unemployment Claims Increase Reflects Recent Volatility
Initial claims for unemployment insurance jumped by 51,000 last week to 419,000, the Labor Department reported Thursday, continuing a recent trend of volatility that has seen claims take two steps forward, one step backward.
