Mortgage

Regulators urged to simplify mortgage rule

Senate Bob Corker, a member of the Senate Banking Committee who has been an outspoken voice on housing reform, called for changes to the new mortgage standards that are being drafted by six regulatory agencies, Reuters reported.

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What happens next for mortgage lenders after the Fed rate cut? 

The Federal Reserve did something this week it hadn’t done in more than four years when it lowered the federal funds rate by half a percentage point. But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days?

3d rendering of a row of luxury townhouses along a street

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