HousingWire, Aug. 14, 2020–Alex RohaMortgage lender NewRez is currently hiring for over 750 positions in its origination division. The company is seeking to fill positions in all four of its …
Category: Top National News
Rocket’s 2Q Earnings at Higher End of Previous Guidance
National Mortgage News, Aug. 14, 2020–Brad Finkelstein (subscription)Rocket Cos. reported preliminary second-quarter earnings of $3.5 billion, a figure toward the upper end of the range it provided before the company …
U.S. Industrial Production Rises for Third Straight Month
Wall Street Journal, Aug. 14, 2020–David Harrison (subscription)Industrial production—a measure of output at factories, mines and utilities—rose a seasonally adjusted 3% in July from June, the Federal Reserve said Friday, …
Low Mortgage Rates Help Propel A Strong Housing Market
Forbes, Aug. 14, 2020–Natalie CampisiIt’s these ultra-low rates that are pushing up mortgage applications for both buyers and people who want to refinance existing mortgages, says Joel Kan, associate vice …
How Homeowners Can Beat the New Mortgage Refinancing Fee
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) …
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 …