Tag Archives: mortgage

Fed expects stronger economic recovery to come

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During the most recent Federal Open Markets Committee meeting, the Federal Reserve reiterated its plan to maintain current economic policy until fiscal and economic goals are met. Continue reading →

Illinois to pay up to $40K in student loan debt for homebuyers

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The SmartBuy program, offered by the Illinois Housing Development Authority to help pay off loans and encourage homeownership, has drawn interest from out-of-state buyers too. Continue reading →

COVID vaccinations give Americans more confidence in housing

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Fannie Mae’s Home Price Sentiment Index increased by 5.2 points from February to 81.7 in March. Year over year, the index is up 0.9 points. Continue reading →

MBA: Delaying non-qualified mortgage rule will bring uncertainty to housing

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The Mortgage Bankers Association believes that delaying the mandatory compliance date, as proposed by the Consumer Financial Protection Bureau, will not increase access to credit. Continue reading →

New forbearance requests drop to lowest level since March 2020

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Total weekly forbearance requests as a percent of servicing portfolio volume decreased from 0.05 percent to 0.04 percent, according to the latest data from the Mortgage Bankers Association. Continue reading →

New CFPB proposal would take foreclosures off the table for 2021

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The Consumer Financial Protection Bureau is requesting comments from stakeholders on the proposed rule, but given the urgency of the crisis, the deadline for comments is May 10. Continue reading →