To the Point With Bob: Uncertainty and Disruption in the Housing Market

Last week’s announcement of a proposed settlement in the real estate commission lawsuits has unleashed a torrent of questions about what real estate transactions might look like in the future–particularly how buyers would be represented and how buyers’ agents would be compensated, writes MBA President & CEO Bob Broeksmit, CMB.

To the Point with Bob: FHFA Needs a Better Plan on Loan-Level Pricing Fees

On March 15, the Federal Housing Finance Agency announced that it would postpone the implementation of loan-level pricing adjustment fees that would be based on a borrowers’ debt-to-income ratio in Fannie Mae and Freddie Mac’s single-family pricing grids until deliveries on or after August 1. The delay creates an opening for FHFA to get the policy right. The DTI-based LLPA is unworkable and should be replaced.