Wall Street Journal, Aug. 20, 2020–Katy McLaughlinThe pandemic has affected jumbo loans in an odd way: rates charged by mortgage lenders are all over the place. Mike Fratantoni, Chief Economist …
Category: Top National News
What is Driving Down Mortgage Applications?
The MReport, Aug. 19, 2020–Andy Beth MillerThe Mortgage Bankers Association’s latest Weekly Survey showed that mortgage applications took a dive the week ending August 14. Data from the survey showed …
Here’s Proof That Homeowners Are Making Mortgage Payments Even as COVID-19 Threatens Their Financial Health
MarketWatch, Aug. 19, 2020–Sanjiv DasAs of mid-June, 5 million U.S. homeowners had requested mortgage forbearance. But over the past six weeks, the total number of mortgages in forbearance has declined …
Fannie Mae Creates New C-Suite Role, Promotes Jeff Hayward
National Mortgage News, Aug. 19, 2020–Paul Centopani (subscription)Fannie Mae’s new chief administrative officer position focuses on diversity, inclusion and affordable housing.https://www.nationalmortgagenews.com/news/fannie-mae-creates-new-c-suite-role-promotes-jeff-hayward
Fed Resumed Deliberations Over Policy-Setting Revamp
Wall Street Journal, Aug. 19, 2020–Nick Timiiraos (subscription)Federal Reserve officials resumed discussions last month about how to boost growth in times when interest rates can’t be lowered because they are …
Mall of America Owner Enters into Forbearance Agreement to Help with Mortgage Troubles
Minneapolis Star-Tribune, Aug. 19, 2020–Nicole NorfleetThe mall’s owner, Canadian-based Triple Five Group, has been several months late on the $1.4 billion mortgage for the megamall.https://www.startribune.com/moa-owner-behind-on-mortgage-reaches-deal-to-avoid-foreclosure/572158332/
1 in 4 Hotels Can’t Pay Their Mortgage
CNN Business, Aug. 19, 2020–Jordan ValinskyThe report, sent to Congress this week and compiled by Trepp, shows that the percentage of hotel loans 30 or more days delinquent is 23.4% …
How are Homeowners Coping with the Coronavirus Economy? The Mortgage Market is Giving Clues
MarketWatch, Aug. 19, 2020–Sanjiv DasThe author, with Caliber Home Loans, says the decline in mortgage forbearance applications is a positive sign.https://www.marketwatch.com/story/how-are-homeowners-coping-with-the-coronavirus-economy-the-mortgage-market-is-giving-clues-2020-08-19
1 in 4 Hotels Can’t Pay Their Mortgage
CNN Business, Aug. 19, 2020–Jordan ValinskyThe report, sent to Congress this week and compiled by Trepp, shows that the percentage of hotel loans 30 or more days delinquent is 23.4% …
How Would Negative Interest Rates Affect Mortgages?
Fox Business, Aug. 19, 2020–Ben LuthiThe federal funds rate indirectly impacts many of the interest rates you’ll see from lenders, including mortgage lenders. However, lender rates are long-term, while the …