New York Times, June 26, 2020–Jeanna Smialek, Peter Eavis, Kate KellyThe Federal Reserve on Thursday temporarily restricted shareholder payouts by the nation’s biggest banks, barring them from buying back their …
Category: Top National News
The Jumbo Market Shows Signs of Heating Up
Wall Street Journal, June 25, 2020–Katy McLaughlin (subscription)Loan activity went into a deep freeze following the onset of the pandemic, but lenders seem to be loosening their purse strings again…a …
Mortgage Rates Remain at Historic Lows
Washington Post, June 25, 2020–Michele LernerThe rate for the popular 30-year mortgage remained at a record for a second week, according to data released Thursday by Freddie Mac, as the …
Banks Should Match Rate Discounts for Low-Wealth Blacks
Orange County Register, June 25, 2020–Jeff LazersonTo help African Americans become homeowners, lenders should provide the same price incentives given to wealthy borrowers. (MBA mention)https://www.ocregister.com/2020/06/25/banks-should-match-rate-discounts-for-low-wealth-blacks/
Election, Supreme Court Case May Dictate Fate of CFPB’s QM Proposal
American Banker, June 24, 2020–Kate Berry (subcription)An imminent high court ruling about the independence of the bureau’s director, coupled with an election victory for Joe Biden, could doom a plan …
Brookfield Says Office Demand Has Increased as Workers Return
Bloomberg, June 24, 2020–Suzy WaiteBrookfield Asset Management Inc., one of the world’s biggest real estate investors, is seeing higher demand for office space as workers return to socially-distanced buildings.https://www.bloomberg.com/news/articles/2020-06-24/brookfield-says-office-demand-has-increased-as-workers-return
Mortgage Rages Keep Falling to Record Lows–So is Now a Good Time to Refinance?
MarketWatch, June 24, 2020–Jacob PassyHomeowners stand to save money by refinancing, but some factors may make getting a new loan less worthwhile.https://www.marketwatch.com/story/mortgage-rates-keep-falling-to-record-lows-so-is-now-a-good-time-to-refinance-2020-06-25
To Understand a City’s Pace of Gentrification, Look at Its Housing Supply
Urban Institute, June 24, 2020–Laurie Goodman, Ellen Seidman, Jun ZhuIn many MSAs, high housing costs—resulting from a lack of available housing—cause affluent buyers to look for homes in low- and …
Families Fleeing the City are Pushing Home Prices Amid Tight Supply
NBC News, June 24, 2020–MArtha C. WhiteFor the week ending June 12, mortgage applications for home purchases rose to the highest level in more than 11 years, the Mortgage Bankers …
Caliber Home Loans Settles with N.Y. AG over Interest-Only Loan Mods
National Mortgage News, June 24, 2020–Bonnie Sinnock (subscription)Caliber Home Loans agreed to a settlement with New York Attorney General Letitia James in which it will provide as much as $17 …