As the government shutdown drags on with no end in sight, Fannie Mae is tweaking its lending requirements to accommodate people who aren’t currently getting paychecks and whose bosses aren’t around to confirm their employment. Continue reading
The Consumer Financial Protection Bureau (CFPB) is raising the price of its fines to adjust for inflation, including penalties for violations of the Real Estate Settlement Procedures Act (RESPA). The new fine amounts became law when they were entered i… Continue reading
This software platform for mortgage brokers to find, nurture and close loans can benefit real estate agents too. Continue reading
After lobbying from the mortgage industry, the IRS is once again verifying the incomes of mortgage applicants despite a government shutdown and some questions about the fairness of reopening just one part of the agency. Continue reading
The largest homebuilder in the country has been hit with a lawsuit accusing it of providing loans to unqualified borrowers. Continue reading
Federal workers either not being paid or currently furloughed as a result of the government shutdown are estimated to owe approximately $438 million in mortgage and rent payments this month. Continue reading
A partial shutdown of the U.S. Government has entered its sixth day as both Democrats, Republicans and President Donald Trump dig in their heels over partial funding for a wall or partition structure along a small portion of the U.S. southern border an… Continue reading
Mortgage rates continued along their downward trend to end the year, according to the latest data from Freddie Mac, released Thursday. Continue reading
The stock market bounced back Wednesday, erasing Monday’s losses but still left markets down compared to a month ago. Continue reading
The CFPB publishes loan data every year to inform real estate stakeholders about these trends. After seeking public comment on the new disclosure rules, the Bureau unveiled changes to protect individuals’ privacy. Continue reading