Fannie Mae: Mortgage lenders unnecessarily restrict credit

Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common

Homeownership rate drops to 48-year low

Despite record sales, fewer Americans own homes

Case-Shiller: Home prices continue rising in May but stall on monthly basis

First-time buyers still weak; Growth to slow over next 2 years
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News

CFPB orders Paymap to repay $33.4 million for deceiving customers

LoanCare also fined for falsely promising savings with biweekly payment program
The Consumer Financial Protection Bureau announced Tuesday that it is ordering Paymap, a Colorado-based payment processing company, to return $33.4 million to consumers for falsely promising mortgage savings to borrowers who used their biweekly mortgage payment program.
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Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common
Despite pushes from the Federal Housing Finance Agency and the Federal Housing Administration, lenders are still applying additional credit overlays to loans delivered to Fannie Mae and Freddie Mac, a new survey of lenders showed. Here are all the details.
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Key housing, mortgage finance bills facing markup in House

Fannie-Freddie CEO compensation, TRID grace period up for grabs and more
A number of bills critical to the housing and mortgage finance industry are under the spotlight today in the House, including limits on regulators, a TRID grace period and a cap on the salaries for the CEOs at Fannie and Freddie.
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