GSE fee hike raised borrowing costs by $1,867 annually and cut high-LTV second home loans by 23%, with little gain for first-time buyers, CFPB study finds
Lew Sichelman has been covering the housing and mortgage sectors for 52 years. His syndicated column appears in major newspapers throughout the country.
GSE fee hike raised borrowing costs by $1,867 annually and cut high-LTV second home loans by 23%, with little gain for first-time buyers, CFPB study finds
New AI integration shaves off more than 180 minutes from each valuation report, enabling appraisers to double daily output, Aivre contends
Clearing my desk of left-over items
Also, company’s pilot program gives nonprofit lenders access to modern credit scoring while helping them maintain sound lending practices
More sellers both giving out concessions and getting less than their asking price to move their homes
Survey finds significant knowledge gaps among renters, potential home-buyers, even current homeowners
Bipartisan bill would restore, expand expired MIP deduction, aiming to ease homeownership costs for millions
Despite soaring debt, just 1 in 3 homeowners take strategic steps to regain control
Fraudsters forging documents to sell properties or take out mortgages on them, FBI says
1 in 10 homeowners put the entire cost to remodel on their credit cards