Wall Street Journal, June 10, 2020–Paul Hannon (subscription)A second wave of lockdowns to counter a resurgent novel coronavirus would deal a terrible blow to a global economy already facing a …
Category: Top National News
$130 Billion in Small-Business Aid Still Hasn’t Been Used
New York Times, June 10, 2020–Stacy CowleyAs of Tuesday, more than $130 billion was left in the fund, known as the Paycheck Protection Program. Even more striking was the fact …
U.S. Treasury Chief Says Considering More Direct Payments in Next Coronavirus Aid Bill
Reuters, June 10, 2020–David LawderTreasury Secretary Steven Mnuchin said on Wednesday he would seriously consider more direct payments to individuals in the next phase of coronavirus rescue legislation, adding that …
U.S. Inflation Subdued with Economy in Recession
Reuters, June 10, 2020–Lucia MutikaniU.S. consumer prices fell for a third straight month in May and underlying inflation was weak as demand for goods and services remained subdued amid a …
Mortgage Investors Can Take Heart With Fed Buying ‘Here to Stay’
Bloomberg, June 10, 2020–Christopher MaloneyThe central bank has purchased agency mortgage bonds at a record pace totaling $719 billion — just over $12 billion a day on average — according …
Interfirst Mortgage Returns to Originations after Three-Year Haitus
HousingWire, June 10, 2020–Phil HallInterfirst Mortgage Co. has relaunched operations after a three-year hiatus with a two-pronged strategy featuring a new proprietary loan origination technology platform and a retooled business …
Flagstar’s Fercho Encourages Originators To Step Into Underserved Communities
National Mortgage Professional, June 10, 2020–Navi Persaud“As a black woman being connected to my community that has endured so much pain and oppression for so long, last week was a …
Mortgage Demand from Homebuyers Amazes Again, Now Up 13% Annually Despite Rising Rates
CNBC, June 10, 2020–Diana OlickRising interest rates did nothing to deter an onslaught of mortgage demand from homebuyers. Applications for loans to purchase a home rose 5% last week from …
Republicans Prepare to Punt on the Next COVID-19 Relief Bill
The Hill, June 10, 2020–Jordain CarneyRepublican senators are leaning into their go-slow approach on the next coronavirus bill. Bolstered by last week’s unexpectedly positive jobs report, Senate Republicans are signaling …
What Happens to Struggling Homeowners When CARES Act Relief Ends?
National Mortgage News, June 9, 2020–Hannah Lang (subscription)Some lawmakers fear that when forbearance plans and enhanced unemployment coverage expire, the consequences for mortgage borrowers still affected by the pandemic will …