Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
W S
Investments / The Ticker

NAR challenges FHFA on conforming loan limits

gloves fighting

Before the Federal Housing Finance Agency can lower the maximum loan amounts that Fannie Mae and Freddie Mac are able to purchase, they have to get through the National Association of Realtors, which challenged the regulators legal authority to make such a move.

Per The Wall Street Journal:

“If you had the authority to ignore the prohibition against reducing loan limits, what would prevent you from making other fundamental changes?” said Gary Thomas, NAR’s president.

“An arbitrary reduction in existing limits, in the hope it will encourage more private sector lending, is a social policy experiment that risks dampening or reversing the ongoing recovery in the housing market and the economy as a whole,” said Thomas.

Source: WSJ
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus