Lawmakers from both political parties are increasingly interested in forcing lenders that offer loans to upgrade home heating and cooling systems to issue better disclosures, a prospect that has some in the industry nervous. ... Read full article
The Federal Housing Administration needs additional funds to replace a 1960s-era computer operating system and make other necessary tech updates. ... Read full article
Speaking at a town hall event in Washington, D.C., JPMorgan Chase CEO Jamie Dimon said that post-crisis regulations have made mortgages too costly for consumers — and made homeownership unattainable for borrowers with low incomes or blemished credit ... Read full article
President Trump's budget released Thursday calls for slashing the Department of Housing and Urban Development's funding by 13%, or $6.2 billion, compared with 2016 levels, a blow to many bankers who say affordable housing programs and other HUD ... Read full article
Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors. ... Read full article
Republican lawmakers are citing a recent report that delinquencies rose for loans guaranteed by the Federal Housing Administration as a reason to delay a premium cut, but economists suggest the uptick is related to seasonal issues. ... Read full article
Housing and Urban Development Secretary-designate Ben Carson is open to finding alternatives to the 30-year fixed-rate mortgage, but believes there must be some government backstop to the housing market. ... Read full article
HUD Secretary-designate Ben Carson is all but certain to get confirmed to his post—unless he makes a major mistake during his confirmation hearing. ... Read full article
Form a Plan to Get a Mortgage After Bankruptcy Bankruptcy is supposed to offer a fresh start, a new beginning unhampered by past debts. However, many are deterred from filing for bankruptcy because of the mistaken belief that wiping out their debts means ... Read full article
Reverse Mortgage - a mortgage that goes backwards? In a real sense YES! ... Read full article
