True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Logan Mohtashami talks jobs report, mortgage forbearance

Lead Analyst Logan Mohtashami discusses his recent article on the latest jobs report and the most likely impact on the housing market and mortgage forbearance.

UWM has a plan to win a war of mortgage attrition

UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite.

Lunch & Learn about underserved markets and affordable housing

Experts in this discussion will focus on how the mortgage industry is working to right previous wrongs and champion a housing market that serves all.


Few may actually qualify for low-income refi program

The FHFA says 2 million families could qualify, but industry vets say that sounds optimistic

Housing Market Crash image

The great refi boom in 2020 wasn’t exactly equitable. Wealthier borrowers with stable jobs and high credit scores were fortunate enough to lock in a forever rate, typically lowering their monthly mortgage payments by hundreds of dollars. But the lower-income borrowers? They were more likely to be mired in some form of forbearance plan than be given the opportunity to modify their mortgage with a rate below 3%.

On Wednesday, the government threw a bone to the little guy. The Federal House Finance Agency announced that sometime this summer Fannie Mae and Freddie Mac will introduce a new refi product in an attempt to usher these low-income borrowers into what is left of the refi wave. The option is coined as Refi Now at Fannie Mae and Refi Possible at Freddie Mac. Mark Calabria, Director of the FHFA, said nearly two million low-income families may be eligible to save anywhere between $1,200 and $3,000 a year.

But there is skepticism amongst industry stakeholders about how many of those two million families would even meet the requirements of the program.

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