Inside Mortgage Finance, Sept. 27, 2024–Brandon IveyAn estimated $59.80 billion of home equity lines of credit commitments and closed-end second liens were originated in the second quarter of 2024, up …
Category: Top National News
Richmond Fed President Urges Caution on Interest Rate Cuts Because Inflation Isn’t Defeated
AP, Sept. 27, 2024–Christopher RugaberThe president of the Federal Reserve’s Richmond branch says he supports reducing the central bank’s key interest rate “somewhat” from its current level but isn’t yet …
Sorry, Your Insurance Bill Probably Isn’t Coming Down Much. Here’s Why.
Wall Street Journal, Sept. 27, 2024–Telis DemosInflation is rarely a simple thing to address, but rising insurance premiums for people’s homes or vehicles might be especially tricky.Click here for more …
Homebuyers: Here are Your Do’s And Don’ts For a Smooth Transaction
Orange County Register, September 26, 2024–Jeff LazersonNavigating a home loan can be treacherous, so today I’ll share some best practices and gotcha’s for the borrower. First, let’s start with the …
Is the Tide Turning for Commercial Real Estate?
The Registry, September 26, 2024The commercial real estate market is starting to show signs of stabilization, marking a potential turning point after one of its most challenging periods in recent …
Mortgage Rates Decline to Lowest Level in Two Years
Wall Street Journal, Sept. 26, 2024–Gina HeebMortgage rates slipped to their lowest point in two years. The average rate on the standard 30-year fixed mortgage edged lower by one basis …
Mortgage Industry Calls FHFA’s Revised Counterparty Program Rule “a Smart Move”
Mortgage Professional America, Sept. 26, 2024–Candyd MendozaThe Federal Housing Finance Agency (FHFA) has re-proposed amendments to a regulation that would require government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac …
FHFA Offers Concessions With Re-Proposal on Suspended Counterparties
Inside Mortgage Finance, September 26, 2024–Brandon Ivey“After reviewing the comments and reconsidering the proposed rule’s substantive and procedural amendments, FHFA has determined that a number of material changes to the …
The Mortgage Industry is Hiring Again – But on Different Terms
HousingWire, September 25, 2024–Flávia Furlan NunesAfter cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. These companies are adding sales …
Mortgage Rates are Falling. Will it Offer Buyers Any Relief?
Marketplace.org, Sept. 26, 2024–Samantha FieldsThe thing so many people have been waiting for is happening — mortgage rates are coming down. A lot of people who feel ready to buy, …