Author: PROGRESS In Lending

Mortgage applications decreased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 18, 2023. 

The National Housing Conference (NHC) is calling on the Federal Housing Finance Agency (FHFA) to return to a flat guarantee fee (G-fee) structure, eliminating the current pricing grid that charges homebuyers different fees based on their downpayment. In a comprehensive letter submitted in response to FHFA’s Request for Input concerning Fannie Mae and Freddie Mac’s Single-Family Pricing Framework, NHC urged Fannie Mae and Freddie Mac (the Enterprises) to return to a flat G-fee for all purchase money mortgages on owner-occupied properties. Additionally, NHC called upon FHFA to reduce the Enterprise capital requirements based on accurate assumptions of real risk.

The third 2023 quarterly installment of WFG’s”Quarterly Economic Outlook,” an informative and influential webinar featuring Williston Financial Group (WFG) Chairman and Founder Patrick F. Stone and Economist and Forbes contributor Bill Conerly, Ph.D., will take place on Tuesday, September 12th at 2 pm ET/1 pm CT/11 am PT.

MISMO, the real estate finance industry’s standards organization, is seeking public comment on title and closing dataset specifications that will help accelerate the industry’s digital transformation. The 30-day public comment period runs through September 11, 2023.

Firstline Compliance, a national compliance consulting firm for the mortgage and financial services industry, has announced that Mark Wilson, Managing Partner and Dustin Pfluger, Partner and Mortgage Banking Practice Leader at CWDL, mortgage banking audit, accounting, and tax specialists, have made a significant strategic investment in Firstline Compliance. Wilson and Pfluger join Troy Garris, Co-Managing Partner of Garris Horn, LLP and Josh Weinberg, President of Firstline Compliance, as investors in the company.

Arrive Home, a national affordable housing program offering emerging credit solutions for responsible borrowers in underserved communities, has promoted two key executives. Co-Founder Matt Pettit will move from President to CEO, while Co-Founder Tai Christensen will move from Chief Diversity and Public Relations Officer to President.