Mortgage News Daily, July 30, 2020–Jann SwansonBoth government supported enterprises reported increased profits in the second quarter of 2020 compared to Q1. Fannie Mae said its net comprehensive income was …
Category: Top National News
New Head-Turner for Mortgage Rates: 15-Year Loans at Under 2%
Yahoo! Finance, July 30, 2020–Doug WhitemanRemember all the excitement when 30-year mortgage rates started dipping below 3% for the very first time a few weeks ago? Just as those low-cost …
Housing Discrimination: It’s Real and Not Just a Tweet
HousingWire, July 30, 2020–David Stevens, CMBFormer MBA President & CEO says recent tweets by President Trump show how far HUD and the industry must still go to protect families from …
Fannie Mae 2Q Earnings Fell as Fee Revenue Declined
Housing Wire, July 30, 2020–Kathleen HowleySmaller rival Freddie Mac reports profit gained from a year earlier, boosted by multifamily business.https://www.housingwire.com/articles/fannie-mae-2q-earnings-fell-as-fee-revenue-declined/
Sens. Warren, Schatz Press Wells Fargo on Forbearance Practices
National Mortgage News, July 30, 2020–Neil Haggerty (subscription)Two Senate Democrats are seeking details from Wells Fargo about news reports that the bank has been placing borrowers into mortgage forbearance programs …
Customers Not Finding Answers They Need Online, J.D. Power Finds
National Mortgage Professional, July 30, 2020–Keith GriffinMortgage servicers have been put to the test during the COVID-19 pandemic as a combination of historically low interest rates, record high unemployment and …
Powell Says Fed Committed to Improving Workplace Diversity, Culture
Wall Street Journal, July 30, 2020–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell said the central bank was deeply committed to fostering a diverse and inclusive work environment after a former …
Self-Employed Landlords Battle Harder for Home-Loan Approvals
Orange County Register, July 30, 2020–Jeff LazersonWhy are mortgage loan originators, loan processors and underwriters digging deeper than normal, demanding more documentation, especially from self-employed borrowers and landlords? Catastrophic economic …
Industry Urges More Rent Relief to Avoid ‘Domino Effect’
Multi-Housing News, July 30, 2020–Holly DuttonDays after the federal eviction moratorium and expanded unemployment insurance expired, the multifamily industry and housing advocates are worried about what happens next for renters …
Race for COVID-19 Vaccine Boosts Real Estate in Life Sciences Hubs
GlobeSt.com, July 30, 2020 –Nate RobsonHubs across the nation are looking to use real estate to boost productivity as the growth of the global prescription drug market is expected to …