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Though there is still a year for mortgage lenders to get in compliance with the Consumer Financial Protection Bureau's document changes, the perils of missing that deadline are considerable.
By Mark FogartyAugust 13 -
Selling loans into the secondary market was a good strategy for housing finance agencies when rates were falling, but now they are said to be heading back to traditional bond financings to boost their balance sheets.
By Mark FogartyAugust 8 -
Another roundup of comments on our Editor at Large blog, from the best and brightest to the funniest.
By Mark FogartyAugust 5 -
The CFPB and other regulators are showing an increasing appetite for big data. The HMDA database may be the biggest in the mortgage business and a preview of the upcoming dataset may give lenders a chance to stay one step ahead of the feds.
By Mark FogartyJuly 28 -
Mentoring the newbies in the mortgage business may help them avoid boom-and-bust errors later in their careers. And it can be a personally satisfying thing to do as well.
By Mark FogartyJuly 22 -
A nonprofit housing group has found an ambitious middle ground between those who oppose any change to the mortgage interest deduction untouched and those who say it must go.
By Mark FogartyJuly 8 -
Though probably not endangered this year, low-income housing tax credits have been suggested for elimination often enough to alarm those who work with this important financing source for multifamily construction.
By Mark FogartyJuly 2 -
Unless the industry is content to be a boutique player with a hugely smaller pool of potential borrowers, it had better emulate the Fed and ease on down the road.
By Mark FogartyJune 26 -
Competition from site-built homes and distressed sales, the limited availability of conforming mortgages, and an underdeveloped secondary market have prolonged a slump in manufactured housing that started in 1998.
By Mark FogartyJune 23 -
Among the revelations: A large number of single-family homes built in 2013 weren't sold that year; single-family units, surprisingly, kept getting bigger; cash sales remain higher than before the recession.
By Mark FogartyJune 13