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...
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...
The U.S. housing market’s shortage of properties for sale continues to worsen, according to new data from Redfin (NASDAQ:RDFN). Redfin reported that new listings of homes for sale fell 22.4% year-over-year during the four weeks ending April 23, which is among the...
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...
Most New York City residents earning the local combined median income of $70,663 are unable to afford market-rate rental housing, according to a new data report by StreetEasy. Asking rents in March averaged $3,344, a new record, but roughly one in three citywide...
Last week, the Federal Housing Finance Agency (FHFA) issued a notice of Proposed Rulemaking on Fair Lending Oversight. This proposed rule would codify in regulation the FHFA’s fair lending oversight requirements for Fannie Mae, Freddie Mac and the Federal Home Loan...
