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Lenders react to end of Freddie Mac 1% down payment mortgage offerings

Lenders react to end of Freddie Mac 1% down payment mortgage offerings

Lenders react to end of Freddie Mac 1% down payment mortgage offerings Quicken Loans and UWM weigh in 0% down and 1% down mortgage offerings just started to gain traction in the industry when Freddie Mac announced it is changing the requirements and completely nixed its program option. The government-sponsored enterprise shocked the market this week when it […]

Housing affordability is about to get a lot worse

Housing affordability is about to get a lot worse

Housing affordability is about to get a lot worse What happens if interest rate continues increasing Several reports showed home prices continue to increase as affordability falls, however affordability will plummet even more next year. The Federal Reserve plans to raise interest rates once more this year, and several times over the next couple of years. Currently, the 30-year fixed-rate mortgage […]

Newly unsealed documents reveal real reason for Fannie, Freddie profit sweep

Newly unsealed documents reveal real reason for Fannie, Freddie profit sweep

Newly unsealed documents reveal real reason for Fannie, Freddie profit sweep Report: Geithner knew in 2011 that GSEs would soon be profitable In 2012, the government changed the terms of the bailout for Fannie Mae and Freddie Mac, sweeping all the profits from the GSEs to the U.S. Treasury, citing a need to protect taxpayers from the fallout of any […]

How 1,000s Of Student Loans Worth Billions Are Getting Erased On A Technicality

How 1,000s Of Student Loans Worth Billions Are Getting Erased On A Technicality

How 1,000s Of Student Loans Worth Billions Are Getting Erased On A Technicality National Collegiate Funding (NCF) is an umbrella name for 15 trusts that collectively hold 800,000 private student loans, totaling some $12 billion in outstanding obligations.  The only problem is that roughly $5 billion worth of those loans, or over 40%, are currently in […]

First American: Mounting home sales threaten affordability

First American: Mounting home sales threaten affordability

First American: Mounting home sales threaten affordability Existing home sales outperform market potential The market’s potential for existing home sales increased in June, and home sales are even outperforming their potential, according to the updated Potential Home Sales model from First American Financial Corp. The current potential existing-home sales sit at 780,000, an increase of 0.8% or 45,000 sales […]

Fannie Mae DTI increase could add 95,000 borrowers each year

Fannie Mae DTI increase could add 95,000 borrowers each year Disproportionate share to go to Latino and black families As the GSEs seek to ease access to credit and allow more homebuyers into the market, Urban Institute pointed out one change that could allow nearly 100,000 new homebuyers to qualify for a mortgage each year. Earlier this […]

Here"s how to understand the basic principles of disruptive mortgage technologies

Here"s how to understand the basic principles of disruptive mortgage technologies

Here”s how to understand the basic principles of disruptive mortgage technologies Let”s get this party started! In the upcoming session for the California Mortgage Bankers Association “Digital Mortgage Origination for Today,” me and the other panelists will cover the underlying principles of disruptive digital mortgage origination. This short high-level presentation will cover topics ranging from understanding the basic principles of disruptive technologies and the catalysts […]

Trump talks Dodd-Frank: We’re going to cut regulations tremendously

Trump talks Dodd-Frank: We’re going to cut regulations tremendously

Trump talks Dodd-Frank: We’re going to cut regulations tremendously! Trump discusses regulatory rollback in wide-ranging New York Times interview On Wednesday, President Donald Trump sat down with the New York Times for an expansive, wide-ranging interview. In the interview, Trump stated that he would not have selected Jeff Sessions to serve as attorney general if he knew that […]


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