The 21st Century ROAD to Housing Act is now the law of the land after President Donald Trump allowed a constitutional deadline to pass without signing or vetoing the bipartisan legislation. Legislation — widely regarded as the most comprehensive federal housing package in decades — cleared the Senate on an 85-5 vote and passed the […]
What the ROAD to Housing Act means for agents, homebuyers Read More »
The Federal Housing Finance Agency (FHFA) wants to drop “reputational harm” as a basis for suspending firms and individuals that do business with Fannie Mae, Freddie Mac and the Federal Home Loan Banks. In a notice of proposed rulemaking published Monday in the Federal Register, the agency said removing the reputational-harm standard would “eliminate redundancy” and
FHFA proposes changes to suspended counterparty program Read More »
Higher mortgage rates will weigh on second-quarter originations and third-quarter guidance for nonbank lenders, even as slower prepayments bolster servicing income, BTIG analysts said in a report issued Monday. Earnings season will start on Tuesday with Wells Fargo and JPMorgan Chase, giving investors something to chew on before the publicly traded nonbanks deliver their results
Higher mortgage rates pressure nonbank originations in Q2 Read More »