Economist explains that controversial FHFA fee change

There’s been a lot of talk about the FHFA’s fee increase, but economist Matthew Gardner thinks that, for the most part, it’s much ado about nothing. Continue reading

WFG swoops in to acquire nearly two dozen Doma title locations

The struggling digital title and closing provider is set to receive up to $24.5 million with earnouts “based on the retention of specified employees” by WFG Continue reading

Majority of buyers lean on agents, not banks, for financing info: Poll

A new survey conducted by Zillow suggests there are opportunities for real estate agents and companies that provide information and make lending more user friendly. Continue reading

Rocket’s new 1% down mortgage also picks up tab for PMI

Lender estimates a hypothetical buyer putting down $2,500 on a $250,000 home could save $20,500 in private mortgage insurance payments over 7 years. Continue reading

Housing is outperforming, but recession may still be in the cards

Fannie Mae economists say “extraordinarily tight” inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes. Continue reading

Housing counseling agency sues its founder for alleged fraud

The National Asian American Coalition said only a small percentage of the counseling sessions it billed California $12 million for was actually provided. Continue reading

Republicans turn up heat on Fannie and Freddie mortgage fee flap

The Federal Housing Finance Agency has formally requested public feedback on what its goals and priorities should be in setting Fannie Mae and Freddie Mac’s pricing structure. Continue reading

Mortgage demand slips with homebuyers wary of rate volatility

Rise in mortgage rates defies expectations as unusually wide “spread” between 10-year Treasury yields and mortgages reflects investor fears of another refi wave. Continue reading

Wells Fargo agrees to pay $1B to settle shareholder lawsuit

Investors claimed they were misled about bank’s progress in fixing governance and oversight issues that came to light in wake of 2016 “fake accounts” scandal. Continue reading

Maxwell’s LenderSelect deal grows footprint with community banks

The deal to acquire LenderSelect from Blue Ridge Bankshares will also enable “significant expansion” of the secondary market trading platform, Maxwell Capital. Continue reading