National Mortgage News, June 30, 2020–Brad Finkelstein (subscription)Despite having high hopes of getting the deal done by the end of the second quarter, Genworth Financial and China Oceanwide have extended …
Category: Top National News
Low Mortgage Rates To Fuel Housing Affordability This Summer
National Mortgage Professional, June 30, 2020–Navi PersaudFirst American Financial Corporation published its First American Real House Price Index report. It said low mortgage rates will be key to housing affordability …
Fed Chairman Says Economy Faces New Challenges From Coronavirus
Wall Street Journal, June 30, 2020–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that the reopening of the U.S. economy and recent upturn in spending and hiring came …
U.S. Insurers Increase Commercial Mortgage Loan Holdings
GlobeSt.com, June 30, 2020–Max MitchellU.S. life and annuity insurance companies have seen a dramatic increase in commercial mortgage loan holdings over the past five years, leading to an increased exposure …
Powell, Mnunchin Enter the Lion’s Den Again to Discuss Pandemic Response
Reuters, June 30, 2020–Lindsay DunsmuirU.S. lawmakers on Tuesday will get another chance to grill the heads of the Federal Reserve and Treasury over the effectiveness of the nearly $3 trillion …
Fannie Mae Survey Shows Mortgage Servicers Want Clarity on Post-Forbearance Options for Borrowers
HousingWire, June 29, 2020–Alex RohaLenders cited the health and safety of staff as the biggest challenge they are facing in the midst of COVID-19, according to a recent survey conducted …
After Ruling, Stage Set for New Battles over CFPB’s Future
National Mortgage News, June 29, 2020–Kate Berry (subscription)The Supreme Court threw out a key statutory provision concerning the agency’s leadership structure, but the presidential election and possible legislative reforms could …
For Gig Workers and Business Owners, New Hurdles for Mortgages
Bankrate.com, June 30, 2020–Jeff OstrowskiFor self-employed workers, qualifying for a mortgage just got tougher. In response to the coronavirus recession, mortgage agency giants Fannie Mae and Freddie Mac this month …
What Happens if Mastercard and Visa Gobble Up All the Data Aggregators?
American Banker, June 29, 2020–Penny Crosman (subscription)If these deals are approved by regulators, the largest card networks will own two of the largest U.S. data aggregators, which are companies that …
Prices for ‘Affordable’ Homes Continue to Rise
HousingWire, June 29, 2020–Julia FalconBetween the date in March that the World Health Organization declared a pandemic and the week ending May 31, Redfin found that prices of houses ranked …