On November 29th, the Federal Housing Finance Agency (“FHFA”) announced that for 2023, baseline conforming loan limits for mortgages eligible for purchase by Fannie Mae and Freddie Mac will rise from $647,200 to $726,200, an increase of over twelve ... Read More
Peter Idziak’s Thoughts on Increasing Popularity of Temporary Buydowns Continue to Attract Attention
With mortgage rates at an all-time high, lenders are offering a variety of new loan products designed to attract borrowers by counteracting rising mortgage rates. Peter Idziak’s recommendation that buyers and sellers consider temporary mortgage ... Read More
CFPB Files Appeal of Fifth Circuit Decision Holding Bureau’s Funding Scheme Unconstitutional
On November 14, 2022 the CFPB filed a petition for a writ of certiorari with the United States Supreme Court, seeking to overturn the Fifth’s Circuit opinion in Community Financial Services Association of America (CFSA) v. CFPB, which vacated the ... Read More
Peter Idziak’s Commentary on Mortgage Buydowns Featured in The Washington Post
With mortgage rates continuing to climb and additional rate hikes by the Federal Reserve Open Market Committee on the horizon, affordability concerns continue to impact prospective homebuyers across the nation. Peter Idziak has identified a ... Read More
CFPB Receives Pushback on Interpretive Rule Promoting States’ Authority to Enforce The Consumer Financial Protection Act of 2010
Last month, we discussed Consumer Financial Protection Bureau’s (CFPB) May 19, 2022 Interpretive Rule, which sought to clarify the scope of state enforcement authority found in Section 1042 and other sections of the Consumer Financial Protection Act ... Read More
Peter Idziak’s Insights on Temporary Buydowns Featured in Industry Press
As affordability continues to present challenges to prospective homebuyers, adjustable-rate mortgages are often discussed as one solution. Peter Idziak has identified a lesser-known option gaining popularity with buyers and sellers: temporary ... Read More