According to a recent Colorado State Department of Regulatory Agencies , (DORA) report, Gov. Polis signed HB21-1310 into law on July 2, 2021, which will become effective on Sept. 7, 2021. This new law defines a strong position that all home owners associations, (HOA) across the great state of … [Read more...]
FHFA Kills Adverse 1/2 point Refinance Borrower Fee Starting In August 2021
As reported in Housing Wire's article dated July 16, 2021, mortgage industry cheers elimination of 50 basis point fee on most refinanced mortgages. This means homeowners will have access to MORE of their property's equity when they refinance starting in August 2021. This is GREAT news for homeowners … [Read more...]
Conforming Loan Limits Increase For 2021
Reported today by Kelsey Ramirez from HousingWire.com, The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021 to be $548,250 for standard 1 unit single family dwellings. That represents a 7.5% increase from 2020’s limit of $510,400 and marks … [Read more...]
Average U.S. Mortgage Rate Falls Below 3% For The First Time
Most home loan program rates are beginning to drop to Pre-Covid19 range, sparking many buyers and owners to get into the game and save big money on their monthly mortgage payments. Reported July 16, 2020 by HousingWire.com "The average U.S. mortgage rate fell below 3% for the first time according to … [Read more...]
U.S. Supreme Court Rules CFPB Structure Unconstitutional
In a landmark decision today, Monday June 29, 2020, the United States Supreme Court ruled the structure of the Consumer Finance Protection Bureau, (CFPB) unconstitutional. They also diluted the protection of that department's leadership role by giving the President of the United States power to … [Read more...]
