Mortgage Finance News

By Sara Sutachan | Relevant news pertaining to real estate finance.

Will mortgage rates fall in 2016?

Here we go again. Another year lies ahead and with it the widespread view that mortgage rates will surely climb. After all, the Federal Reserve has …

Mortgages

How Should You Manage Your Money? And Keep It Short

Managing your money should be pretty straightforward, but that doesn’t make the task all that easy.

That’s the biggest takeaway from the handful of simple financial instruction lists making the rounds among the New Year’s resolution set.

One list comes in the form of a 4-by-6 notecard that went viral …

Money

Supreme Court Outlaws Chapter 7 'Stripping Off' of Second Mortgages

The U.S. Supreme Court ruled on Monday that an underwater second mortgage cannot be extinguished, or "stripped off," as unsecured debt for a debtor …

TRID is causing problems, but not paralysis

When the real estate industry was preparing for TRID -- the new set of disclosure rules outlined by the Consumer Financial Protection Bureau (CFPB) …

What an Interest-Rate Hike Means for Non-Economists

A primer on monetary policy

The December Fed meeting began Tuesday morning, and the news surrounding it will be closely watched, as many economists and financial analysts believe that this is the meeting when the U.S. central bank will finally move to raise interest rates for the first time in …

Federal Reserve

RISMedia

Federal Reserve Shows Confidence in Healing Economy, Ups Interest Rate by 0.25%
On Wednesday, the Federal Reserve concluded a two-day meeting with …

Federal spending bill makes recapitalization of Fannie, Freddie far less likely

In recent weeks, calls to end the government’s conservatorship of Fannie Mae and Freddie Mac, and allow the government-sponsored enterprises to be …

TRID -- the reason I drink

The new TILA-RESPA Integrated Disclosure (TRID) went into effect on Oct. 3, 2015. It's two months later, and real estate professionals, as well as …

Cheat Sheet: What to Expect from Regulators in 2016

Editor's Note: This is the first installment of National Mortgage News' Outlook 2016 coverage. Over the next week, we'll explore in depth the trends

156

WASHINGTON - The Federal Housing Administration (FHA) today announced the agency's new schedule of loan limits for 2016. These loan limits are …

FHA announces 2016 loan limits

The Federal Housing Administration announced its loan limits for 2016, with the loan limits in 188 counties set to increase due to changes in housing …

Preparation Pays Off as Realtors Adjust to TRID Without a Hitch

Image: Bloomberg News

"So far, we haven't heard much at all," says Lawrence Yun of the National Association of Realtors.

The new mortgage settlement …

Why Lenders Are Warming Up to CRM Tech, But Remain Cool to E-Sign

Amid a renewed focus on improving customer service and the overall borrowing experience, lenders surveyed by National Mortgage News indicate a strong …

Down Payment Costs Prevent Renters from Buying Homes: Zillow

Renters who want to become homeowners are having a difficult time making the move because they can't afford a down payment, according to …

HUD prioritizing help for millennials with condo, credit, affordability initiatives

The Secretary of Housing and Urban Development (HUD), Julián Castro, said last night at a panel event that his team is working on easing the way for …

Real Estate

FHA Taking Cautious Approach to Rewriting Condo Rules

Despite industry and congressional pressure, Housing Secretary Julian Castro is taking a cautious approach to relaxing Federal Housing Administration …

FHA becomes latest to extend TRID enforcement grace period

Following the lead set by the Consumer Financial Protection Bureau, Fannie Mae and Freddie Mac, the Federal Housing Administration announced that it will …

Q3 2015 Homeownership program index

Quarterly Homeownership Program Index debunks five down payment myths

Number of programs increase to more than 2,400

ATLANTA, GA, October 7, 2015

In Quest to Quell Lender Buyback Fears, Freddie to Boost QC Tech

Freddie Mac is working to integrate three existing loan review tools and is developing a fourth that assesses collateral risk to provide lenders with …

New Group Wants Housing on Presidential Candidates' Agendas

A bipartisan group of housing experts is seeking to inject more discussion about the mortgage market into presidential campaigns.

Mortgage rates drop below 4 percent

With the Federal Reserve planning to hike rates later this year, buyers should enjoy the low rates while they last. As of late August, the average …

Credit availability is key to full housing market recovery

Further loosening of credit standards is needed in order for the housing market recovery to benefit some harder-hit markets, according to Pro Teck …

If Actual Rent Prices Were Motivational Posters

Paying rent sucks, especially when you live in such a tough housing market. But did you know it's actually possible to buy a house here before you …

Rental Housing

Oakland sues Wells Fargo for mortgage discrimination

The city of Oakland, California is the latest municipality to sue one of the nation’s largest banks, accusing Wells Fargo (WFC) of allegedly steering …

Real Estate

Federal Housing Finance Agency indexes homes near previous peak

U.S. home prices rose 5.8 percent year-over-year in July, with all nine regions experiencing increases. According to the Federal Housing Finance …

Are lending standards really easing?

Perhaps you have heard that it's getting easier to get approved for a mortgage to buy a home. The first-time buyers you work with don't seem to be …

4 Reasons Lenders Should Love TRID

There's no shortage of advice, opinions and ideas for how to brace for the impact of TILA-RESPA Integrated Disclosures. But with all the …

A Millennial just wrote the dumbest article about money in the history of ever

Look, I don’t like criticizing another writer’s work. We’re all out here banging away at the keyboard trying to create something that people …