What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Conquering the Mortgage Lender’s Dilemmas

This webinar provides a roadmap for creating a sophisticated, digital-first cost improvement strategy to maximize profits by reducing high processing environments.

HW's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

We need higher mortgage rates to cool the housing market

2020-2024 will have the best housing market demographics and the lowest mortgage rates ever recorded, which could accelerate real home prices too quickly.


House Committee approves slate of mortgage, housing reforms

Bipartisan bills rein in GSE CEO pay, provide formal TRID grace period

The House Financial Services Committee approved a slate of bipartisan bills directly impacting the mortgage and housing finance space Wednesday.

They now face a vote before the full House of Representatives.

“We seek to simplify the rules, reduce complexity and compliance costs.  Complicated and costly regulations serve as barriers that too often keep small competitors off the playing field,” said Chairman Jeb Hensarling, R-Texas. “With regulatory relief, we can level that playing field between big corporations and small businesses and create a healthier economy.”

Among the bills passed were:

H.R. 3192, the “Homebuyers Assistance Act”

H.R. 3192 delays enforcement of a CFPB regulation surrounding the home buying process to allow more time for the CFPB to ensure purchasers and buyers are not unfairly harmed by this new regulation.  

H.R. 3192 passed 45-13.

H.R. 1210, the “Portfolio Lending and Mortgage Access Act”

H.R. 1210 would address the onerous requirements of Section 1411 of the Dodd-Frank Act and codifies the common sense understanding that financial institutions who hold mortgages on portfolio have a vested interest in insuring that their customers repay their mortgages. H.R 2673 would provide regulatory relief for community financial institutions and make it easier for Americans to access affordable mortgage credit and put a stop to “QM” standing for “quitting mortgages.”

H.R. 1210 passed 38-18.

H.R. 2243, the "Equity in Government Compensation Act of 2015"
H.R. 2243 would reinstate the salary caps for the CEOs at Fannie Mae and Freddie Mac, which were eliminated by the Director of the Federal Housing Finance Agency.

H.R. 2243 passed 57-1.

H.R. 766, the “Financial Institution Customer Protection Act of 2015”
H.R. 766 prevents federal banking agencies from abusing executive power when preventing businesses from using depository institutions. This is in direct response to the Obama Administration’s Operation Choke Point, which is coercing banks into cutting off relations with perfectly legal businesses.

H.R. 766 passed 35-19.

H.R. 3189, the “Fed Oversight Reform and Modernization Act of 2015”
H.R. 3189 would improve the economy’s performance by bringing greater accountability and transparency to the Federal Reserve.

H.R. 3189 passed 33-25.


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