The House of Representatives has approved the “Mortgage Choice Act” amending the Truth-in-Lending Act to exclude the fees paid to title insurance companies and other businesses affiliated with a lender… Read More »
News
WFG talks technology! Technology is the starting point for many conversations with WFG agents about how to streamline their operations and expand their business. And it has become the basis… Read More »
You won’t find this in any description of “best practices” for protecting consumer information. A resident of Plymouth, MA found piles of old documents dumped in a field near his… Read More »
Why didn’t the Obama administration push harder and earlier for broad-based reductions in mortgage debt levels during the financial crisis? Lawrence Summers, former director of the National Economic Council, and… Read More »
OUTDATED?
Has the 30-year, fixed-rate mortgage outlived its usefulness, or is it still the bedrock of the U.S. housing finance system? Fortune Magazine cites three reasons for keeping it, among them,… Read More »
Scaling back housing related tax breaks (the mortgage interest deduction would be the biggest target) might make economic sense to anyone trying to reduce the budget deficit, but the politics… Read More »
That’s the Fed’s view of the employment market. Economists at the central bank expect the unemployment rate will fall to 6 percent by the end of this year. That’s getting… Read More »
REFORM ODDS
Conventional wisdom in Washington holds that restructuring of the home finance system is inevitable and will eliminate Fannie Mae and Freddie Mac. But analysts at Keefe Bruyette & Woods read… Read More »
MORE DATA
“An unwarranted intrusion on personal privacy.” That’s how Republican critics are describing a sweeping data collection initiative launched jointly by the Consumer Financial Protection Bureau (CFPB) and the Federal Housing… Read More »
Think the new Qualified Mortgage rules and tighter underwriting standards generally have reduced default risks? Think again. A Default Risk Index created by University Financial Associates estimates that mortgages originated… Read More »