Yahoo! Finance, Aug. 14, 2020–Doug Whiteman“The recent refinance activity has not only helped homeowners lower their monthly payments, but it is also reducing risk to (Fannie Mae and Freddie Mac) …
Category: Top National News
Why It’s Harder to Offer Mortgage Assistance to 3 Million Borrowers with Private Loans
Urban Institute, Aug. 14, 2020–Karan KaulThe author Kaul explains why a lack of standardization and specificity and conflicting servicer obligations mean that borrowers whose mortgages are in private-label securities don’t …
Families Need a Lifeline, But Trump’s Regulator Tosses Them an Anchor
Washington Post, Aug. 14, 2020–Jared Bernstein, Mark Zandi, Jim ParrottAt the very moment families desperately need cash in their pockets, President Trump’s mortgage regulator has decided to take cash out …
Tactics to Survive a Bidding War
UExpress, Aug. 14, 2020–Lew SichelmanBidding wars are great for sellers, because they often drive prices far higher. But they’re tough on buyers, who must decide between offering more than they …
Trump Administration Criticizes New Fannie Mae, Freddie Mac Mortgage Fee
Wall Street Journal, Aug. 13, 2020–Andrew Ackerman (subscription)The Trump administration criticized a move by mortgage-finance companies Fannie Mae and Freddie Macto charge a new fee on certain mortgages, saying it …
A ‘Middle Finger’ to Struggling Families: How a New Fee Is About to Make Refinancing Your Mortgage a Lot More Expensive
MSN Money, Aug. 13, 2020–Samantha SharfIn his own scathing statement, Mortgage Bankers Association CEO Bob Broeksmit estimated the new fee means the average consumer will be paying $1,400 extra. (Fannie …
Will Home Values Tank Post Pandemic?
Orange County Register, Aug. 13, 2020–Jeff LazersonInflation, deflation, stagflation and disinflation are in play, according to experts. (MBA mention)https://www.ocregister.com/2020/08/13/will-home-values-tank-post-pandemic/
Mortgage Rates Rise, Still Below 3%
National Mortgage Professional, Aug. 13, 2020–Navi PersaudFreddie Mac’s latest Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage averaged 2.96%, up from last week’s average of 2.88%.https://nationalmortgageprofessional.com/news/75749/mortgage-rates-rise-still-below-3
Suburban Home Prices Are Rising. But So Are Most Urban Home Prices
Wall Street Journal, Aug. 13, 2020–Nicole Friedman (subscription)Suburban housing markets have been on a tear since the pandemic, as home buyers have sought more space. But a new analysis shows …
CMBS Forbearances Await Servicing in the Weeks Ahead
National Mortgage News, Aug. 13, 2020–Brad Finkelstein (subscription)As forbearances and government other relief efforts come to an end over the next few weeks and months, many a commercial mortgage borrower …