Dr. Amy Crews Cutts's new whitepaper uses comprehensive data and cost analysis to examine the current tri-merge requirement in mortgage credit reporting. It challenges the assumption that reducing the number of reports saves money, demonstrating that eliminating the tri-merge introduces significant market risks that would inevitably lead to higher, long-term costs for consumers and decreased stability in the secondary mortgage market.
BTIG is waiting with "baited breath" for Fannie Mae and Freddie Mac to relist their common stocks, but if spreads widen, it could derail it from happening.
Manufactured housing could see eased lending rules if the defense bill removes the "permanent chassis" requirement, expanding FHA mortgage eligibility.
A recent Remax survey found 88% of respondents said they are "very" or "somewhat likely" to purchase a home next year.
The Trump administration's decision not to seek funding for the CFPB and transferring remaining enforcement cases to the Department of Justice were cited as reasons for the resignation of Michael G. Salemi, who took over as CFPB enforcement chief earlier this year.
Big players, Wall Street and tech firms stand to gain. Community lenders call for policymakers to protect g-fee parity and the cash window. Part 5 in a series.
