Learn more about current events and trends that may affect your industry in this week's round-up!
- Freddie Mac Debuts New 3% Down Payment Program for First-Time Buyers
Freddie Mac’s HomeOne offers conforming fixed-rate mortgages with 3% down payments without geographic or income restrictions.
- CFPB Clarifies Closing Cost Disclosure Rules
The Consumer Financial Protection Bureau fixed an information “black hole” in TILA-RESPA Integrated Disclosure rules about how lenders should issue revised disclosures.
- New Rule Exempts Some Commercial Property Sales from Appraisal Requirement
The new Federal Reserve rule exempts commercial property sales of $500,000 from the need to perform a property evaluation.
- Portland and Salt Lake City Top Most Hipster U.S. City List
The Utah town owes its surprise appearance near the top of the list to the proliferation of vegan eateries, coffee shops, tattoo studios, vintage boutiques, and record stores.