The Federal Housing Finance Agency (FHFA) just announced that it will be pushing back the proposed refinance mortgage fee from September 1 to December 1, 2020. This means that Fannie Mae and Freddie Mac will not be implementing this controversial loan pricing adjustment for three more months. Understanding the Refinance Continue Reading →
Fannie Mae and Freddie Mac recently posted an article co-written by their respective CEOs, Hugh R. Frater and David Brickman. They wanted to personally address some of the latest news and information coming out about their organizations, primarily the pricing adjustments they are planning to implement on refinance mortgage loans. Continue Reading →
Earlier this week, we saw the biggest jump in mortgage rates in the past 2 months. The rates are still historically low by any standards, but this this quick jump upward just shows how volatile our market is during this pandemic. There is so much uncertainty in 2020. Fluctuating mortgage Continue Reading →
It’s no secret that coronavirus has severely impacted our country’s economy. We had non-essential business shutdowns that lasted longer than we all hoped. Even when reopened, all businesses have been forced to operate differently—often with smaller staffs and fewer customers than before the pandemic. Workers have been laid off or Continue Reading →
We’ve been talking a lot on the Transparent Mortgage Blog about how the COVID-19 situation has affected the economy as a whole—and especially the mortgage market. We are in interesting times with home prices continuing to surge because of low inventory while mortgage rates remain historically low. However, the challenge Continue Reading →
