How the Federal Government Shutdown is Impacting the Mortgage Industry

How the Federal Government Shutdown is Impacting the Mortgage Industry

Written By: Joel Palmer, Op-Ed Writer

The federal government shutdown that began just before Christmas is so far having a minimal impact on the mortgage industry. The National Association of Realtors surveyed its members on the shutdown’s impacts. Of the 2,211 members who responded, 75 percent said the shutdown had so far had no impact on their business.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

FHFA Releases 2019 Scorecard for Fannie and Freddie

FHFA Releases 2019 Scorecard for Fannie and Freddie

Written By: Joel Palmer, Op-Ed Writer

The Federal Housing Finance Agency (FHFA) released the 2019 Scorecard outlining conservatorship priorities for Fannie Mae, Freddie Mac, and their joint venture, Common Securitization Solutions, LLC (CSS). The scorecard outlines expectations for Fannie and Freddie in the coming year and how they will be graded.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Freddie Mac Report Shows Major Dearth in Housing Supply

Freddie Mac Report Shows Major Dearth in Housing Supply

Written By: Joel Palmer, Op-Ed Writer

The U.S. economy is about 2.5 million housing units below what is needed to match long-term demand. If the current shortage continues, it will result in home prices and rents outpacing income. As a result, household formation will fail to reach its potential.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

FHFA Finalizes Amendments to Affordable Housing Program

FHFA Finalizes Amendments to Affordable Housing Program

Written By: Joel Palmer, Op-Ed Writer

The Federal Housing Finance Agency (FHFA) has published a final rule amending the Affordable Housing Program (AHP). According to a FHFA release, the final rule provides additional flexibility at the local level for Federal Home Loan Banks (FHLBs) to allocate their AHP funds. It also provides the ability to design their project selection scoring systems to address affordable housing needs in their districts.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Consumers Upbeat about Economy but Less Optimistic about the Housing Market

Consumers Upbeat about Economy but Less Optimistic about the Housing Market

Written By: Joel Palmer, Op-Ed Writer

At a time when the economy is strong, attitudes toward home buying and selling are in decline. Fannie Mae announced last week that its Home Purchase Sentiment Index declined in October to its lowest level in a year.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

FHA Announces Updated Guidance on HECM CT-22 Assignment Requests

FHA Announces Updated Guidance on HECM CT-22 Assignment Requests

Written By: Joel Palmer, Op-Ed Writer

The Federal Housing Administration (FHA) will now enable HECM servicers to provide alternative supporting documentation when they assign FHA-insured reverse mortgages to the agency for claim payment.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Reports Show Increasing Barriers to Homeownership

Reports Show Increasing Barriers to Homeownership

Written By: Joel Palmer, Op-Ed Writer

A pair of recent reports by the Urban Institute show that mortgages are taking up a greater share of people’s budgets. There also remain barriers to assessing homeownership for low and middle-income people.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Compliance With New TRID Rule Mandatory as of October 1

Compliance With New TRID Rule Mandatory as of October 1

Written By: Joel Palmer, Op-Ed Writer

Compliance with the amended TILA-RESPA Integrated Disclosure (TRID) rule is now mandatory, as of October 1, 2018. Also known as the “Know Before You Owe” rule, the regulation went into effect in August 2015.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Fannie Survey Shows Reluctance to Loosen Mortgage Credit Standards

Fannie Survey Shows Reluctance to Loosen Mortgage Credit Standards

Written By: Joel Palmer, Op-Ed Writer

Despite weakening mortgage demand and negative profit forecasts, fewer mortgage lenders are loosening their credit standards, according to a recent Fannie Mae survey.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Freddie Predicts Slower Home Sales Growth Amid Affordability Challenges

Freddie Predicts Slower Home Sales Growth Amid Affordability Challenges

Written By: Joel Palmer, Op-Ed Writer

Freddie Mac is the latest entity to forecast a continued slowdown in the housing market, meaning potentially less volume in the near future for mortgage processors and underwriters.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.