#mortgage-regulation

[ follow ]
#mortgage-terms #housing-affordability #interest-costs #cfpb-rule-rescission #nmls-redundancy
fromwww.housingwire.com
5 days ago

What real estate agents need to know about the 50-year mortgage

Extending terms from 30 years to 50 years does lower monthly payments but it also substantially increases total interest paid and slows equity accumulation. An Associated Press analysis shows a median-priced home would see monthly principal and interest fall modestly under a 50-year term while the buyer could pay roughly $389,000 more in interest over the life of the loan compared with a 30-year mortgage.
Real estate
US politics
fromwww.housingwire.com
2 weeks ago

CFPB rescinds nonbank registry rule

CFPB withdrew and froze two registry rules, citing redundancy, regulatory costs, and limited consumer benefits; mortgage trade groups supported the rescissions.
Real estate
fromwww.housingwire.com
1 month ago

Who keeps the borrower? A deep dive into servicer retention

Servicers retain roughly 30% of refinanced borrowers, with retention driven by market cycles, servicer type, investor backing, regulatory changes, and falling rates.
[ Load more ]