Mortgages

Mortgages

The Unintended Consequences of Dodd Frank


“Dodd Frank was in some ways a failure of ambition and in other ways a concession to inappropriate pressures…”


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Posted: April 18th, 2017 | Permalink

How Virtual Reality, Big Data, and the Blockchain Are Changing Proptech

"Interesting innovation around blockchain and real estate is ...government partnering with financial institutions... or fintechs," wrote Finovate's David Penn. "The Eastern European republic of Georgia announced ...it was introducing a blockchain-based platform to better store real estate documents. ...Sweden also announced a similar blockchain-oriented land registry system that will begin testing this month. ...Also ...the Bank of China and HSBC are building a blockchain for sharing mortgage valuation information".

 


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Posted: March 15th, 2017 | Permalink

MBA’s Mortgage Forecast for 2017


“Our current forecast for mortgage origination volume is ...about $1.56 trillion in 2017, ...down from nearly $1.9 trillion in 2016,” said MBA’s Lynn Fisher. “We expect that to flatten out a little bit in 2018 and come in at about $1.58 trillion.”


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Posted: February 1st, 2017 | Permalink

The CFPB’s Independent Audit of Selected Operations and Budget

Posted: January 30th, 2017 | Permalink

An Analysis of CBO’s Budget and Economic Outlook

“Trillion-dollar deficits will return by Fiscal Year (FY) 2023, with deficits growing from $587 billion (3.2 percent of GDP) in 2016 to $1.4 trillion (5.0 percent of GDP) by 2027.”

 


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Posted: January 24th, 2017 | Permalink

Trump Administration Officially Reverses the FHA Premium Cut Administration

An hour after taking the oath of office, President Donald Trump issued Mortgagee Letter 2017-07, which indefinitely suspends a scheduled 25-basis point reduction in FHA’s annual premium. On January 9, HUD Secretary Julian Castro announced the premium cut that was scheduled to go into effect on January 27. “Playing politics with the FHA through cynical, surprise 11th hour rule changes is irresponsible and endangers the integrity and success of the FHA,” said House Financial Services Chairman Jeb Hensarling (R-TX)


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Posted: January 23rd, 2017 | Permalink