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.

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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

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Mortgage

Who stands to lose with 50bp GSE refinance fee?

Housing industry turns against Fannie, Freddie decision to add fee to refis

Fannie Mae and Freddie Mac announced they will add a 50 basis points fee to all refinances starting Sept. 1.

“As a result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty, we are introducing a new Market Condition Credit Fee in Price,” Freddie Mac said in a bulletin.

The housing industry was quick to react. The Mortgage Bankers Association said this GSE refinance fee will hurt Americans during a time of crisis.