American Banker, Nov. 26, 2019–Hannah LangThe request for information was issued as part of HUD Secretary Ben Carson’s role as the chair of the White House Council on Eliminating Regulatory …
MBA Newslinks Archive
CFPB Considering Changes to Loan Originator Compensation Rules
HousingWire, Nov. 26, 2019–Ben LaneLate last week, the CFPB released its semiannual regulatory agenda, which stated that the bureau is considering a rulemaking to “address certain concerns” about the LO …
Supreme Court to Hear CFPB Constitutionality Case in March (subscription)
National Mortgage News, Nov. 26, 2019–Kate BerryThe Supreme Court on Tuesday said it will hear arguments March 3 in a case challenging the constitutionality of the Consumer Financial Protection Bureau’s …
Property Investors Follow Millennials to the Hot Mountain States (subscription)
Wall Street Journal, Nov. 26, 2019–Konrad PutzierForget Brooklyn and San Francisco. Millennials and plenty of others seeking a lower cost of living are pouring into the Western mountain states, boosting …
FHFA Increases 2020 Maximum Conforming Loan Limits to $510,400
The Federal Housing Finance Agency yesterday announced maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020, with the 2020 maximum conforming loan limit for one-unit properties rising to $510,400 from $484,350.
Sun Belt Cities Lead Annual Home Price Gains
Home prices continued to post modest gains in September, according to the Standard & Poor’s CoreLogic Case-Shiller Indices.
October New Home Sales Dip, But Outlook Brighter
HUD and the Census Bureau yesterday reported sales of new single‐family houses in October fell slightly but performed strongly compared to a year ago.
Consumer Confidence Drops for 4th Straight Month
The Conference Board, New York, said consumer confidence declined for the fourth consecutive month in November, albeit slightly.
Mortgage Applications Increase in MBA Weekly Survey
Mortgage applications increased from one week earlier as key interest rates stayed below 4 percent, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 22.
FHFA Increases 2020 Maximum Conforming Loan Limits to $510,400
The Federal Housing Finance Agency today announced maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020, with the 2020 maximum conforming loan limit for one-unit properties rising to $510,400 from $484,350.