New resources announced for Fannie Mae, Freddie Mac appraisal form transition
FHA has posted an implementation guide for the upcoming transition to the UAD 3.6 Uniform Residential Appraisal Report, which is...
Mortgage
Mortgage rates tick up
The rate for a 30-year fixed-rate mortgage was 6.49% this week. The rate for a 15-year fixed-rate mortgage was 5.84%.
Trump declines to sign housing bill into law
President Trump canceled plans to sign a bipartisan housing bill into law, saying lawmakers should first pass an unrelated elections...
House passes bipartisan housing bill
The House overwhelmingly voted to pass a bipartisan housing bill that contains several provisions related to banking. The legislation now...
FHA ends field review requirement for certain mortgages
The Federal Housing Administration will no longer require lenders to obtain appraisal field reviews for a selection of FHA-approved mortgages,...
Senate passes bipartisan housing bill
The legislation includes provisions related to brokered deposits, de novo bank formation and a mentor-protégé program pairing large financial institutions...
Mortgage rates drop
The rate for a 30-year fixed-rate mortgage was 6.47% this week. The rate for a 15-year fixed-rate mortgage was 5.81%.
NAR: Pending home sales rose 3.8% in May
Pending home sales in May rose 3.8% from the prior month and 4.8% year over year, according to the National...
Senate, House committee leaders reach agreement on housing bill
The leaders of the House and Senate banking committees announced they had reached an agreement on a bipartisan housing bill...
Government watchdog agency suggests changes to FDIC supervision, HUD disaster recovery
The FDIC should take further steps to strengthen its bank supervision, and HUD should take steps to mitigate fraud in...
