- Housing News
- October 26, 2020
CFPB Extends QM Patch Indefinitely
The federal lending law allowing higher debt-to-income ratios for Fannie Mae and Freddie Mac loans was set to expire on January 10, 2021.
Ben is the Managing Editor for New American Funding. In this role, Ben helps with content creation, news coverage, and serving our audience of borrowers, real estate agents, loan originators, and other housing professionals. Prior to joining New American Funding, Ben worked at HousingWire, a top housing media outlet. Ben joined HousingWire in 2014 as a reporter and was later promoted to Senior Financial Reporter, Editor, and eventually to Managing Editor. During his time at HousingWire, Ben helped elevate HousingWire to national acclaim and record traffic growth. He was also honored with multiple awards for his work, including an Eddie Award from Folio Magazine and a Gold Award for Best Trade Magazine Story from the National Association of Real Estate Editors.
The federal lending law allowing higher debt-to-income ratios for Fannie Mae and Freddie Mac loans was set to expire on January 10, 2021.
Lenders used Fannie Mae and Freddie Mac's automated systems to speed up origination, while FHA loans had a different process.
If you're buying a home, should you start by finding the perfect house or sorting out your finances first?
This year has been unprecedented, with the housing market arguably at its hottest despite the ongoing pandemic.
California will soon have its own Consumer Financial Protection Bureau under a new law expanding protections against abusive financial practices.
TRID, the TILA-RESPA Integrated Disclosure Rule, has been known for five years, humorously dubbed "The Reason I Drink" due to its challenging implementation.
Your lender will ask if the property is a primary residence, second home, or investment, with different rules for non-primary residences.
Fall is here, bringing changing leaves, cooler temps, and pumpkins. Here are budget-friendly DIY tips to make your home autumn-ready.
Many first-time buyers may think they can't qualify for a mortgage, but a loan consultant can help find the right program for them.