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Trump’s FHA restrictions could impact Hispanic homeownership
Trump’s new FHA restrictions could upend the housing market. Hispanics make up 30% of all FHA borrowers and 97.5% of U.S. population growth.
Refi activity surged in March, and non-agency loans are picking up steam
A strong wave of refinance activity and renewed buyer interest lifted mortgage rate lock volumes in March, according to Optimal Blue’s latest Market Advantage report. Data shows a 24% monthly jump in overall lock activity, driven by falling interest rates and the start of the spring buying season.
Fannie Mae fires over 100 employees, citing unethical conduct
The firings at Fannie Mae appear to be connected to a matching grants program and an Indian-American nonprofit.
Are mortgage rates about to hit an all-time low?
The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content
The questionable fate of loan originator compensation
Mortgage loan originator compensation rules are strictly regulated by the Consumer Financial Protection Bureau. However, this could all change as the industry actively calls for new regulation. HW+ Premium Content
Welcome to the big leagues: Increasing loan limits fuel industry competition
Like clockwork for the industry, every year for the last four years, the FHFA increased Fannie’s and Freddie’s loan limits at the start of the new year. Despite the one-month scramble this creates for lenders, this presents a lot of opportunities for lenders if they look for them. HW+ Premium Content.
