Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.


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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