There’s been much speculation surrounding President Trump’s Executive Order calling for the review of Dodd-Frank. This could include anything from amendments to the rule, the elimination of the CFPB, to an outright repeal of the Act. No one really knows for sure exactly what will happen. One thing we do know is that when the order was signed by the…
Dodd-Frank Reform. Real or More Trump Change?
The headline read: “President Trump Signs Order to Start Dismantling Dodd-Frank.” Say what? Dodd-Frank is a law passed by Congress. To dismantle it, as reported, would take an Act of Congress as well. This is not something that can be changed by any President with the stroke of a pen. So, let’s take a closer look at what the President actually…
Healthy Jobs Report: Good News for America
It probably doesn’t mean much to the Atlanta Falcons at this point, but the new year is off to a strong start, at least as far as jobs are concerned. According to the most recent stats from the US Bureau of Labor, jobs are up, particularly in construction. This is 76 straight months of job growth, with January evidencing a…
Fed Stands Pat and Mortgage Rates Hold Steady
According to the Fed, due to weaker than expected gross domestic product returns, the Fed rate will remain unchanged. In other words, because they don’t see what they would like to see, rather than increase rates, they decided to tap the brakes and evaluate the situation. Umm, where did I hear that before? Seems like the prudent thing to do.…
Trump Causes Drop in Mortgage Applications
Mortgage applications declined in last week by 3.2%, an 18% decline from the same period last year. According to some reporters, this decline is the direct result of President Trump’s decision to suspend the FHA annual premium rate cut announced by FHA just prior to his inauguration. (Applications) Get real… Yes, applications are down, and yes, somewhat because of the…
The Return To Yesteryear?
With a new Administration comes a new look at housing and homeownership. Homeownership rates have been on the decline since the housing crash of 2008. To get them back on track, it may be time for some changes. The stigma associated with mortgage lenders is fading. Taxpayers and home buyers have much more confidence in mortgage lending and lenders. The…