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Biden admin cuts some mortgage fees amid housing affordability crisis
Housing Wire
Housing starts surprised on the downside, reflecting headwinds
U.S. single-family homebuilding fell in June, but permits for future construction rose to a 12-month high on the weakness of the existing home sales market. The decline in housing starts came after a massive 18.7% […]
Housing Wire
The mortgage industry doesn’t want the DTI LLPA fee delayed. They want it killed
The Federal Housing Finance Agency’s (FHFA’s) decision to delay implementing the controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income (DTI) ratios gave mortgage lenders a breather. The agency postponed the […]
International
Canadian banks’ profits seen pressured by slower dealmaking, mortgage growth
TORONTO, Aug 22 (Reuters) – Canada’s big bank results are expected to bring to light a number of challenges as lenders set aside more funds for bad loans in a tough economy that has also […]