National Mortgage News, June 24, 2020–Brad Finkelstein (subscription)Travel bans, both formal and informal, are changing the ways firms in the mortgage industry are managing relationships with their own branches and …
Category: Top National News
Fed Is Reaching Limit on What It Can Do to Lower Mortgage Rates
Bloomberg, June 24, 2020–Christopher MaloneyAny push lower in mortgage rates will likely need to come from somewhere other than the central bank, which has purchased an astounding $765 billion of …
MBA Urges The FHFA To Diversify FHLB System Membership
National Mortgage Professional, June 24, 2020–Navi PersaudThe Mortgage Bankers Association penned a letter to Federal Housing Finance Agency Director Mark Calabria urging the agency to expand membership in the Federal …
Virus Pummels Commercial Real Estate, Could End Long Boom
Associated Press June 24, 2020–Joyce Rosenberg, Ken SweetAmericans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices …
Weekly Homebuyer Mortgage Demand Down But Still a Remarkable 18 Percent Higher than a Year Ago
CNBC, June 24, 2020–Diana OlickHomebuyer mortgage applications have been surging for five straight weeks, thanks to pent-up demand from March and April and a coronavirus-induced desire by more consumers to …
Podcast: The Future of CRE with Brian Stoffers from CBRE
Trepp, June 23, 2020 The TreppWire Podcast welcomed Brian Stoffers, CMB, Global President of Debt and Structured Finance at CBRE and 2020 Chairman of the Mortgage Bankers Association. Stoffers discussed …
Forget Low Home Sales, Bet on ETFs as Loan Applications Rise
Yahoo! Finance, June 23, 2020–Sanghamitra Saha“Although demand certainly dropped in March and April due to the crisis, supply dropped even more, and has thus far kept home prices from declining,” …
Mnuchin Says Stimulus May Pass Congress in July to Boost Economy
Bloomberg, June 23, 2020–Saleha Mohsin, Erik WassonThe Trump administration is discussing another stimulus package with lawmakers that could be passed in July, the latest effort to revive the U.S. economy …
Mastercard Buying Fintech Company Finicity for $825 Million
HousingWire, June 23, 2020–Mary Ann AzevedoCredit card giant Mastercard announced this morning its plans to acquire Finicity, a provider of real-time financial data aggregation and insights, for $825 million.https://www.housingwire.com/articles/mastercard-buying-fintech-company-finicity-for-825-million/
Digital Mortgage Advances will Remain After Coronavirus, But Path Bumpy
National Mortgage News, June 23, 2020–Brad Finkelstein (subscription)The digital loan process improvements adopted during the coronavirus will remain, but future advances in automation at the government-sponsored enterprises could face some …