This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
DS News -- Kyle G. Horst
Landlords across the country are still staggering from the effects of the pandemic.
Mortgage Bankers Association – Mike Sorohan
Last week, the Biden Administration announced several steps to create, preserve, and sell homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years.
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Mortgage Bankers Association
According to Mortgage Bankers Association's recent Weekly Applications Survey for the week ending Aug. 27, overall mortgage application activity fell as interest rates held steady.
M Report -- Christina Hughes Babb
According to a recent alert from the Department of Housing and Urban Development (HUD), the White House and HUD's Build, Back Better plan aims to "create, preserve, and sell nearly 100,000 additional affordable homes for homeowners and renters across the country over the next three years.
The ARRC has published frequently asked questions, outlining its best practice recommendations for use of the SOFR term rate.
M Report – Eric C. Peck
According to this week's Primary Mortgage Market Survey (PMMS) from Freddie Mac, mortgage rates are finding steady ground.
"By partnering with ACES, we have witnessed an overall improvement in the quality of our reviews."
-Hilda Melendez, Quality Control Systems Director at Lennar Mortgage
Mortgage Professional America – Richard Torne
According to this month’s Economic and Housing Outlook from Fannie Mae, COVID-related disruptions to consumer spending and supply chains will significantly impact the US economy in the second half of the year.
M Report -- Christina Hughes Babb
Independent mortgage bankers' profits declined since Q1 2021, but the latest numbers show remain above average.
Scotsman Guide – Arnie Aurellano
According to Scotsman Guide’s Lender Search, for the first half of 2021, California, Florida, and Texas were the most popular states for commercial construction searches
HousingWire – Georgia Kramrei
Yesterday, the Mortgage industry groups made their opinions heard in response to the Department of Housing and Urban Development’s proposed reinstatement of its 2013 disparate impact rule.
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Fannie Mae has release the August economic forecast.
Mortgage Professional America – Candyd Mendoza
According to the National Association of Realtors, existing-home sales increased for the second straight month in July.
Active forbearance plans have increased by 11,000 according to data from Black Knight’s latest report.
M Report – Eric C. Peck
Senate Finance Committee Chair Ron Wyden has revealed the Decent, Affordable, Safe Housing for All (DASH) Act, new legislation aiming for housing affordability.
