Origination

During a hearing on racial bias in home valuation, the head of the Consumer Financial Protection Bureau questions the Appraisal Foundation's "weird" regulatory structure.

The reductions in the multifamily goals for 2023 to 2024 compared to those from the period before suggest that these goals will have little, if any, impact on the GSEs' multifamily operations in future years, writes a former principal economist with the Federal Housing Finance Agency.

The breaks for some lower-income borrowers are welcomed, but the use of debt-to-income as a differentiator could complicate originations at a challenging time, lenders say.

Currently, there's no standard mechanism for lenders to easily access this information.

LOs are building relationships to hesitant consumers by offering seminars and online videos that answer the questions they're afraid to ask.

The market is signaling that a Federal Reserve policy rate peak short of 5% will be enough to cause a recession, requiring rate cuts totaling half a point during the second half of the year.

The action fulfills a promise made previously by the Department of Housing and Urban Development to add an overarching framework for maintaining equitable practices.

The Federal Reserve's focus on what's happening in the labor market makes an economic downturn likely, but many watching the markets expect a policy easing in the second half of the year and growth following that.

Sales of previously owned U.S. homes fell in December to the slowest pace in over a decade, capping one of the housing market's worst years on record amid a rapid jump in mortgage rates.

Federal Reserve Bank of New York President John Williams said officials have not completed their aggressive tightening campaign to reduce stubborn price pressures.