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Results: 465 Articles found.
Jul 01, 2015 12:30 PM

Fannie Mae Drops Desktop Underwriter Fee

Fannie Mae announced June 23 that it eliminated the fee for its Desktop Underwriter mortgage underwriting system and Desktop Originator tool, HousingWire reported. The government-sponsored enterprise also indicated it would soon unveil a new loan delivery system.

Jun 24, 2015 12:30 PM

CFPB Delays TILA-RESPA Mortgage Rules

The Consumer Financial Protection Bureau on June 24 proposed delaying until Oct. 3 the effective date of the Know Before You Owe mortgage disclosure rule, which consists of two new loan disclosure forms that consolidate existing TILA-RESPA forms.

Jun 24, 2015 12:30 PM

Fed on Track for September Rate Hike

The Federal Reserve on June 17 signaled that it's on track to raise historically low interest rates this September, although more gradually than initially anticipated, USA Today reported. The increase would be the first for the benchmark rate since 2006.

Jun 17, 2015 12:30 PM

Report: US Growth Heads West

Southwestern states accounted for most of the country's grown in 2014, with gross domestic product increasing by 4.3 percent, according to a Bureau of Economic Analysis report released June 10. The Rocky Mountain region grew 3.9 percent while the Far West region grew 2.7 percent. See a state-by state analysis.

Jun 10, 2015 12:30 PM

CFPB Institutes Grace Period on TRID Enforcement

The TILA-RESPA Regulated Disclosure requirements will still be implemented Aug. 1, but the Consumer Financial Protection Bureau announced an open-ended grace period during which it would delay enforcement so mortgage lenders can get up to speed, HousingWire reported June 3.

Jun 10, 2015 12:30 PM

Supreme Court Upholds Second Mortgages in Bankruptcies

The U.S. Supreme Court ruled June 1 that a debtor in a Chapter 7 bankruptcy proceeding cannot cancel a second mortgage lien when the home used as collateral is underwater on its first mortgage lien, HousingWire reported.

Jun 10, 2015 12:30 PM

Texas Governor Signs Updates to Appraiser Law

Texas Gov. Greg Abbott on June 9 signed into law Senate Bill 1007, legislation that contains many revisions and additions to the state's current appraiser licensing and certification law, the Appraisal Institute reported. The provisions in the bill will take effect Jan. 1, 2016.

Jun 03, 2015 12:30 PM

Freddie Mac Drops Loan Prospector Fee

Effective June 1, Freddie Mac stopped charging lenders $20 to use Loan Prospector, its automated underwriting service and risk-assessment tool that gives lenders access to Freddie’s credit and pricing terms, HousingWire reported May 27.

Jun 03, 2015 12:30 PM

Fed says Weak Global Economy Could Slow Rate Hikes

Federal Reserve Vice Chairman Stanley Fischer noted in a May 26 speech at Tel Aviv University that policy makers will consider international growth as they start to increase interest rates, and that borrowing costs could increase slowly if the global economy falters, Bloomberg reported.

Jun 03, 2015 12:30 PM

Housing Market Continues to Stabilize

The U.S. housing market continues to stabilize, with the most improved metro markets seeing strong demand for home sales during the spring homebuying season, according to Freddie Mac’s Multi-Indicator Market Index released May 27. Overall, the index shows 80 percent of the country’ top housing markets are improving.

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