Mortgage Reform Is Worth the Small Extra Cost to Borrowers
The New York Times | April 18, 2014
The higher cost for borrowers in a Senate bill reforming Fannie Mae and Freddie Mac corresponds to the protection for taxpayers that was missing in the old system, writes an economist.
5 Questions on the State of Mortgage Lending
The Wall Street Journal | April 18, 2014
Anyone who’s tried to get a mortgage in recent years knows that it hasn’t been easy. But there are growing signs that lenders are becoming less picky amid a rebound in home prices and a drop-off in mortgage refinancing. Here are five things to know.
FHA Says No to Industry Groups That Want It to Reduce Borrower Fees
The Washington Post | April 21, 2014
The National Association of Realtors and the Mortgage Bankers Association sent letters to the agency asking it to lower the “annual premiums” that are tacked onto monthly mortgage payments. The FHA has raised these types of fees five times since 2010, from .55 percent of the loan’s value to 1.35 percent.