Underwriting

A trio of Republican Congressmen stated they will investigate how the program got fast-tracked by the Biden Administration.

Fannie Mae's latest forecast now predicts rates to be half a percentage point higher, and volume to be $1.5 trillion lower than previously expected in 2024.

Gen Z and millennials are more willing to take a higher mortgage rate in order to buy a home than Gen X and baby boomers, the ServiceLink report found.

Doma leadership said it has the technology and underwriting capabilities to allow the government-sponsored enterprises to handle the risk refi loans eligible for title waivers under a pilot announced by President Biden last week.

The American Land Title Association, which represents the title insurance industry, argued that the program would not cut costs for those who really needed it.

While some said the agency was ignorant of its own rules, one trade group praised the goals of the posting.

Regulatory reform – rather than Biden's proposed solutions – is needed to fix the inventory crisis, some say, but others applauded the president's buyer cost-cutting initiatives.

The momentum created in the fourth quarter is continuing during the first months of this year and is likely to continue throughout 2024, according to Dv01's Vadim Verkhoglyad.

The move follows Freddie Mac's expanded use of bank account data and brings to full fruition an effort both enterprises have been engaged in since 2017.

The title proposal is part of a broader housing cost reduction proposal being discussed in the State of the Union speech.