The CFPB issued a final rule that creates a new type of QM – a Seasoned QM.  The “seasoning” is for an amount of time (36-months).  The new rule would convert originated non-QMs or rebuttable … more

Tomorrow, January 12, 2021, the Texas Legislative Session will begin.  Day one of 140 days.  With all that is happening currently in our country and state, this session will certainly have new … more

On December 29, 2020 the CFPB published in the Federal Register two new final rules.  One rule modifying provisions related to a “Qualified Mortgage” (QM), and another rule created a new type of QM … more

November

Texas Manufactured home shipments for November moved down a seasonally adjusted -3.9% from October and were down an unadjusted -9.2% from November of last year. The declines were driven … more

Congress passed the Consolidated Appropriations Act of 2021 on Monday, December 21, 2020.  President Trump sign the bill into law on Sunday, December 27, 2021.

We will have additional information on … more

October Preliminary Data

New homes titled per day by TDHCA in December are running at a peak rate of 108 titles per day. As we move closer towards the holiday, that rate should lower, but it’s a … more

October

Manufactured home shipments of single-section units softened in October moving down 5% from September even though October had one additional day of production. Multi-section shipments … more

September Preliminary Data

New home sales for September are tracking way up with single-section sales up +29% over September of 2019 and multi-section sales up a solid +13%.

A reduction in … more