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2014 Mortgage News Update from MLO in Tampa, FL

Ryan Seybold, Mortgage Loan Originator in Tampa, discusses recent happenings in the mortgage and real estate industry.

PRLog - Jan. 8, 2014 - TAMPA, Fla. -- In the first full week of the New Year, we’ve already seen some large events to affect the housing market. Right around lunchtime on Monday, North Carolina congressman Mel Watt got sworn in by the Senate as the Director of the Federal Housing Finance Agency replacing the acting director and more conservative Edward DeMarco. This will give the reigns of Freddie Mac and Fannie Mae to Director Watt and there are already rumors about his policy and economic stance based on some of his previous statements.

The largest rumor floating around so far has been that he will postpone the LLPA’s and fees that DeMarco was increasing on the GSE’s. Some more moderate or liberal views are saying that Watt will help continue the increasing housing market and that he’s looking at the bigger picture. Other more conservative views are pointing out that Watt aims to undo much of the work DeMarco and his predecessors have done to fix the broken and unstable market and that he could send us into yet another housing bubble by encouraging buyers who simply can’t afford a home purchase. It won’t take long until we know what his true stances will be moving forward.

This was the first ever Director of the FHFA to be sworn in by the Senate. His predecessor was “Acting Director” who replaced James Lockhart, the Director of the office of Federal Housing Enterprise Oversight which eventually became the FHFA.

Having a confirmed director would provide "greater policy certainty" to the housing industry, "which could increase their willingness to invest for the future," said Gene Sperling, the director of the White House National Economic Council, in a speech last month. (Timiraos, 2013)

Bay to Bay Lending is based in Tampa, Florida. The company has a team of mortgage brokers ready and willing to assist you with any of your loan needs. To reach Mortgage Loan Originator Ryan Seybold, contact him directly at (813) 549-7882 or reach out to him via email: ryan@baytobaylending.com. Visit him on the web at www.tampahomelending.net and acess free mortgage loan calculators.

Timiraos, Nick. (2013, December 10). Senate Confirms Rep. Mel Watt to Lead Federal Housing Finance Agency. The Wall Street Journal. Retrieved from http://online.wsj.com/news/articles/SB1000142405270230333....

Ryan Seybold
(813) 549-7882

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Source:Bay to Bay Lending
Location:Tampa - Florida - United States
Industry:Mortgage, Real Estate
Tags:fhfa recent news, ryan seybold tampa, fannie freddie news, mortgage news, real estate news
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