10 Years After Dodd-Frank

Opinion Piece | The U.S. mortgage-backed securities famous JPMorgan Chase CEO, Jamie Dimon, railed against mortgage regulations during the bank’s second-quarter earnings call earlier this month. He indicated the reason mortgage rates aren’t 1.6 percent or 1.8 percent “is because the cost of servicing and origination is so high due to the enormous number of rules and regulations [that] are put in place [which] do not create safety and soundness.” He was obviously referring to The Dodd-Frank Wall Street Reform and Consumer Protection Act, the massive piece of financial reform legislation passed as a response to the financial crisis of 2008 that just hit its 10-year anniversary. Dodd-Frank established a number of new government agencies tasked with overseeing the various components and aspects of the financial system that were believed to have caused the 2008 financial crisis, including banks, mortgage lenders, and credit rating agencies. The U.S. adopted an unprecedented volume of the new regulations outlined in the Act over the last decade, affecting everything from market structure to capital standards and balance sheet liquidity. 

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Equity is Increasing!


If you think 2020 hasn’t been full of much good news, we do have some actual good news for just about everybody who is reading this. The amount available to homeowners to borrow against their house hit a record high of $6.5 trillion earlier this year. Additionally, 9 in 10 homeowners currently have a primary rate at least 0.75 percent above the prevailing market average rate as mortgage interest rates continue to hit record lows. If that isn’t good news, then we don’t know what is! 

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Top Loan Programs Available for First-Time Homebuyers: Part 1

Many first-time homebuyers are entering the real estate market this summer amidst the COVID-19 pandemic in order to acquire a piece of the American dream: homeownership. What many are realizing is that mortgage interest rates have become more favorable than in years past. As a first-time homebuyer, you may too find yourself competing with other buyers in a sellers’ market – where home prices have increased, and inventory is small. However, if you find your budget is tight, here are the best loan programs to help you buy a home for your family.

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