“Higher fees for high-balance conforming loans and second-home loans should provide an opportunity for the GSEs to lower fees on the mission-centric portions of their businesses that primarily serve first-time and low- to moderate-income borrowers. The use of pricing as a tool to manage loan deliveries is more reasonable than previous efforts that featured percent-of-delivery thresholds, and the extended implementation period will protect consumers and lenders from cost increases on loans already in process." --MBA President & CEO Robert Broeksmit, CMB.

Millennials and Gen Z—the most underrepresented cohorts in homeownership—continue to lag behind after nearly two years into the coronavirus pandemic, according to a survey by PropertyShark, New York.