More than six out of 10 responses to our survey question on whether the Federal Reserve Board should establish an ability-to-repay standard for subprime mortgages favored the idea.The final tally was 237 in favor of such a move, and 145 opposed. Check out the latest survey question in the left column of the NMN home page.
-
The top five producers had an average non-QM loan volume of nearly $94 million for 2023.
1h ago -
Title insurers, whose activity is highly correlated to mortgage production, wrote $15.1 billion in premiums during 2023, down from $21 billion in 2022 and $26.2 billion for the year before that.
May 1 -
The Federal Open Market Committee held the federal funds rate at current levels, citing "lack of further progress" toward meeting inflation goals.
May 1 -
Both quasi-public mortgage investors have new requirements for when borrowers question valuations. Freddie Mac is expanding use of title insurance alternatives.
May 1 -
A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.
May 1 -
Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.
May 1