Wall Street Journal, Feb. 19, 2020–Nick Timiraos (subscription)The Federal Reserve releases the minutes of its Jan. 28-29 meeting on Wednesday at 2 p.m. EST, which are expected to shed light …
Category: Top National News
Instant Mortgages: Marketing Tagline or Reality?
HousingWire, Feb. 18, 2020–Julian HebronIf instant mortgages are the endgame of directly-connected consumer data, then what is the endgame of instant mortgages? The answer lies in the duration of the …
Canada Tweaks Mortgage Stress Test in move that Could Boost Housing Market
Reuters, Feb. 18, 2020–Nichola Saminather, Fergal SmithCanada on Tuesday announced a change to a three-year-old financial stress test designed to reduce risky mortgage lending, potentially reigniting housing markets the measure …
Homebuilders Still Need More Workers
Marketplace.org, Feb. 18, 2020–Amy ScottBuilders have been grappling with a labor shortage that’s slowed down badly needed construction of new homes. But there are some reasons for optimism.https://www.marketplace.org/2020/02/18/homebuilders-still-need-more-workers/
Originations Could Top $2T Three Years in a Row: Fannie Mae
National Mortgage News, Feb. 18, 2020–Brad Finkelstein (subscription)For the first time since the start of the housing crisis, mortgage origination volume could top $2 trillion for three consecutive years, according …
Presidential Candidate Mike Bloomberg Wants to Merge Fannie and Freddie
HousingWire, Feb. 18, 2020–Kelsey RamirezMike Bloomberg, former mayor of New York City and latecomer in the Democratic race for the presidency, released his financial reform policy plan, and it has …
3 Myths Keeping Mortgage Originators From Closing More Refinance Loans In 2020
Digital Media Solutions, Feb. 18, 2020–Melissa Ledesma Loan originators who are not promoting refinance loan programs are missing out on the chance to grow their pipelines and increase their closed …
Mortgage Applications for Newly Constructed Homes Still Rising
National Mortgage News, Feb. 18, 2020–Brad Finkelstein (subscription)Newly constructed home purchase application volume continued its upward momentum during January, with unexpectedly low mortgage rates encouraging consumers to start shopping now, …
Ten Fintechs That Are Changing the Housing Market
National Mortgage Professional, Feb. 17, 2020–Phil HallOne of the most dramatic developments within the industry has been the rise of the fintechs and the impact they’ve created for homebuyers and …
HSBC to Cut 35,000 Jobs and $100 Billion of Assets
Wall Street Journal, Feb. 18, 2020–Simon Clark, Margot Patrick (subscription)HSBC Holdings PLC said it would cut 35,000 jobs and $100 billion in assets in the next three years as it …