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27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases

27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases

by Phil Hall | May 1, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of fiscal officers from 27 state governments called President Joe Biden and Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson to jettison the new mortgage fee increases that went into effect today. In a letter to Biden and Thompson, the...
Go Mortgage Names Jessica Manna as Chief Marketing Officer

Go Mortgage Names Jessica Manna as Chief Marketing Officer

by Phil Hall | May 1, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Go Mortgage, a Columbus, Ohio-based mortgage lending company, has hired Jessica Manna as its chief marketing officer. Manna has more thn 20 years of experience in mortgage marketing and branding. She most recently served as president of digital strategy and innovation...
Market Snapshot: The Media and the Mortgage Fees

Market Snapshot: The Media and the Mortgage Fees

by Phil Hall | Apr 28, 2023 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage fees have become the focus of the mainstream media thanks to a policy change enacted by the Federal Housing Finance Agency (FHFA) to the pricing framework of Fannie Mae and Freddie Mac. Perhaps not surprisingly, different media outlets are offering different...
David H. Stevens: Mortgage Fee Changes Politicized ‘Across the Conservative Media’

David H. Stevens: Mortgage Fee Changes Politicized ‘Across the Conservative Media’

by Phil Hall | Apr 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One of the most prominent thought leaders in the mortgage banking industry is complaining that politics is framing the narrative surrounding the changes in the Loan Level Price Adjustments (LLPAs) upfront fees for loans backed by Fannie Mae and Freddie Mac that will...
Report: Average Monthly Mortgage Payment is $2,317

Report: Average Monthly Mortgage Payment is $2,317

by Phil Hall | Apr 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average payment on a new mortgage in the U.S. is currently at $2,317 a month, according to a new data study from LendingTree (NASDAQ:TREE). Within the states, average mortgage payments are most expensive in Hawaii ($3,696), California ($3,399) and Massachusetts...
MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes

MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes

by Phil Hall | Apr 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage Bankers Association President and CEO Bob Broeksmit decried the glut of “misinformation” surrounding the changes in the Loan Level Price Adjustments (LLPAs) upfront fees for loans backed by Fannie Mae and Freddie Mac. The changes, which go into effect on May...
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