CFPB Letter Signals Changes to QM Rule

On Friday, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to Congress outlining the Bureau’s plan for a revised Qualified Mortgage Standard. The Bureau is currently in the middle of a rulemaking process to []


Why are People Staying in Their Houses for so Long?

Rate Lockdown Thesis Housing professionals and economists repeatedly assert that American homeowners are staying in the same houses longer and provide a few theories as to why. One such theory is the rate lockdown thesis. It claims that []


Loan Limits are Higher for 2020

With the calendar now officially flipped to 2020, Fannie Mae, Freddie Mac, and the Federal Housing Administration are now backing larger mortgages than they were just a few days ago. That’s because the 2020 loan limits []


FHA Loan Limits Increasing in 2020

Going Farther Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020. According to an announcement from the FHA, the 2020 FHA []


Freddie Sees Stronger Housing Market This Fall

Despite expecting an economic slowdown as reflected in the gross domestic product (GDP), Freddie Mac published a pretty upbeat September forecast as the month, the third quarter, and the government’s fiscal year ended on Monday. The company’s Economic []


Fed Lowers Interest Rates

Lowered Rates The Federal Open Market Committee, as expected, lowered the federal funds rate by 25 basis points following its policy meeting yesterday. The cut–the second this year–reduces the federal funds rate to 1.75-2%. In making []