Mortgage Professional America, July 30, 2020–Candyd MendozaFreedom Mortgage announced plans to hire 3,000 mortgage professionals and support staff over the next six months.https://www.mpamag.com/news/freedom-mortgage-to-add-3000-new-employees-229296.aspx
Category: Top National News
Mortgage Rates Fall Below 3 Percent Again
Washington Post, July 30, 2020–Kathy OrtonMortgage rates didn’t move much this week but they went down enough to cross a significant marker. (MBA mention)https://www.washingtonpost.com/business/2020/07/30/mortgage-rates-fall-below-3-percent-again/
Is Covid-19 Stress Hitting First-Time Home Buyers? Mortgage Applications Tick Down Week-Over-Week
Barrons, July 29, 2020–Shaina MishkinThe Mortgage Bankers Association reported that while demand remains elevated compared to last year, the volume of applications dipped week over week, falling 2% on an …
Mortgage Rates Just Fell to Another Record Low, And Experts Think They’ll Fall Even More
BankRate.com, July 29, 2020–Jeff OstrowskiHow low can they go? Mortgage rates fell to a new record low in Bankrate’s weekly survey, which has been conducted each week for more than …
Real Estate’s Biggest Industry Lobbyists Tell Us What Will Be In The Next Stimulus Bill
Bisnow, July 29, 2020MBA President and CEO Bob Broeksmit, CMB, joined Walker & Dunlop Chairman and CEO Willy Walker and other real estate association CEOs to discuss the next $1 …
Trump Boasts of Pushing Low-Income Housing Out of Suburbs
Politico, July 29, 2020–Matthew ChoiIn a set of tweets and in remarks in Texas on Wednesday, Trump bragged about his administration’s rescinding an Obama-era fair housing rule that was meant …
Fed Chief: New Surge in Cases is Beginning to Weigh on the Economy
Washington Post, July 29, 2020–Rachel Siegel“On balance it looks like the data are pointing to a slowing in the pace of the recovery,” Federal Reserve Chair Jerome H. Powell said …
Is the U.S. Mortgage Industry About to Fall Off a Cliff?
Mortgage Professional America, July 29, 2020–Libby McDonaldForbearance programs permitting temporary suspension of Americans’ monthly mortgage payments have been a godsend to the more than 4 million borrowers who have made …
Investors Move to Replace Majority of CoreLogic’s Board as Takeover Bid Saga Continues
HousingWire, July 29, 2020–Mary Ann AzevedoCoreLogic Chairman Paul Folino said the CoreLogic board continues to believe Senator and Cannae’s proposal “significantly fails to provide appropriate value” to its shareholders and …
5 Mortgage-Related Policies That are in Flux Due to the Coronavirus
National Mortgage News, July 29, 2020–Bonnie Sinnock (subscription)From guidelines for remote appraisal alternatives to the ways that forbearance affects borrowers’ ability to get new loans, here are five examples of …