House Financial Services Committee Chairman Jeb Hensarling, R-Texas and John Delaney, D-Maryland are working together to pass a bipartisan effort to reform the financial infrastructure. If the Bipartisan
President Donald Trump issued tariffs against Europe, Mexico, China, and Canada among others. In retaliation, these countries also issue tariffs against US goods. One of particular interest is the tariff levied
In a historic measure, the House approves Dodd-Frank changes in a vote of 258-159. This is the most significant bipartisan revamp of financial rules since
We just read from Newstalk.com that a bank is demanding access to mortgage applicants social media accounts. This requirement is part of
Solar Power for new homes in California will be mandatory beginning 2020. That is barely two years from now as California starts its move to lower utility costs and support sustainable housing.
Prices of homes are soaring at new levels and many people are asking, “are we headed to another housing bubble?” A recent data by the U.S. Census Bureau indicates that the average price of a new home had
There is a new federal tax law being implemented – The Tax Cuts and Jobs Act (TCJA). Many lauded this bill because it is said to help most Americans by increasing their take-home pay and lowering both income and corporate taxes. How will this new law affect the mortgage industry?
Fannie Mae (FNMA/OTC) announced that they are introducing an enhancement to their Healthy Housing Rewards Initiative. This financial incentive dubbed as Enhanced Resident Services is a financial incentive offered to affordable multifamily borrowers. It also aims to improve
This year there will be major changes to the Real Property Appraiser Qualification Criteria. Also, the Appraiser Qualifications Board (AQB) is in its Fourth Exposure Draft concerning proposed changes to the AQB’s Real Property Appraiser Qualification Criteria. How would these new
It seems that the United States government is looking for new ways to evaluate credit score requirements and they need your inputs and feedback to do this. The Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) to
Currently it might seem that mortgage regulations had been a bit stricter for non-bank mortgage lenders. Presently about 99% of banks or those with assets of less than $10billion are exempt from the Consumer Financial Protection Bureau (CFPB) regulation. This situation is the reverse when it comes to non-bank mortgage lenders which are subject to […]