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As the mortgage industry continues to feel the effects of the coronavirus pandemic, lenders are now being hit with new fees that are adding to the pain. The latest fee is a $75 charge that is being assessed by Fannie Mae on every loan that is delivered to them. This fee is in addition to the other fees that lenders are already paying, and it is expected to add up to millions of dollars in additional costs for the industry.
"New Year's Resolutions from Across the Housing Industry" discusses various housing industry professionals' New Year's resolutions. One real estate agent resolves to help more first-time home buyers, while another credits her past year's success to her resolution to be more organized. A loan officer resolves to originate more government-backed loans, and a title company owner resolves to increase her company's social media presence.
This article discusses the current state of mortgage rates and the housing market. It cites a number of sources that suggest that rates will remain low for the foreseeable future. This is good news for those looking to buy a home, as they will be able to get a lower rate. However, it is bad news for those who are currently in the process of selling a home, as they will likely have to accept a lower offer.
