New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit

Mortgage lenders tightened underwriting standards in June, undoing much of the easing seen over the last six months as initial fears about the long-term impacts of the pandemic began to wane. Continue reading

NAR calls for improvements to the qualified mortgage rule

The National Association of Realtors is calling on the Consumer Finance Protection Bureau to improve the qualified mortgage definition and government-sponsored entity patch, as well as support an extension before figuring out the long term solution. Continue reading