
Lew Sichelman
Lew Sichelman is an independent journalist who has been covering the housing and mortgage markets for more than 40 years.

Lew Sichelman is an independent journalist who has been covering the housing and mortgage markets for more than 40 years.
Exposure at FHA would be far higher than at Fannie Mae or Freddie Mac, a new study finds.
Potential owners a little short on the downpayment may be able to sell a piece of the upside potential in their property.
Requiring only independent mortgage bankers to meet certain education standards is patently unfair for both independent mortgage bankers and consumers, according to Mortgage Bankers Association president David Stevens.
These firms believe they will continue to grow their businesses.
He could be running the Federal Housing Finance Agency as early as the next day.
If the switch is not done right, originators are setting themselves up for trouble.
Many would-be buyers were shut out during the previous summer and spring seasons.
Smaller firms compete with major banks trying to get business from attendees.
Higher interest ratesup to 5.4% by the end of the yearwill take some affordability out of the market.
Guarantee fees are "closer" to risk-based pricing in the private sector but still need to increase, according to the Federal Housing Finance Agency's acting director.
Lawmakers are making headway on key points, but consensus is unlikely before the presidents second term ends.
Residential and commercial real estate should benefit from improved conditions in the next couple of years.
The African-American community lost more than half its net worth as a result of the housing debacle and the ensuing economic crisis.
The government-sponsored enterprises are leaving billions on the table by not going after deadbeat borrowers who may have the wherewithal to make good on their mortgages but failed to do so.
The Consumer Financial Protection Bureau is hardly an inscrutable agency.
One mortgage executive pointed out that a complaint about a mortgage or servicing is a lot more personal than the standard banking complaint.
Freddie Mac is projecting a 15% bump in purchase money mortgages in 2014, fueled largely be what its chief economist calls "a high degree of affordability."
Currently, only about a third of all lending is for new purchase money mortgages. The rest is from people refinancing their current mortgages.
The country's largest trade group is challenging possible plans by the Federal Housing Finance Agency to arbitrarily lower the conforming loan limit in an attempt to bring private capital back to the mortgage market.
Buyers looking for an apartment in the tri-county area of Miami-Dade, Broward and Palm Beach should have no trouble finding something that fits their needs.