HousingWire, Feb. 13, 2020–Julia FalconFannie Mae’s fourth quarter net income came in at $4.4 billion, up from prior year’s fourth quarter net income of $3.2 billion. It was also up …
Category: Top National News
Don’t Know Your Mortgage Rate? You’re Not Alone, Study Finds
Fox Business, Feb. 13, 2020–Megan HenneyAccording to a new study published on Thursday by Bankrate, more than one in four — about 27 percent — of homeowners in the U.S. …
Commercial and Multifamily Borrowing Stronger than Ever
Mortgage Professional America, Feb. 13, 2020–Kasi JohnstonIt’s looking like 2019 will be a record-setting year when it comes to commercial and multifamily originations, according to preliminary estimates by The Mortgage …
Mortgage Qualifying Rules Get Creative
Orange County Register, Feb. 13, 2020–Jeff LazersonMind-boggling lender guidelines are based on the borrower’s claimed ability to repay the loan, not income. (MBA mention)https://www.ocregister.com/2020/02/13/mortgage-qualifying-rules-get-creative/
Republicans Expect Trump to Withdraw Controversial Fed Nominee
The Hill, Feb. 13, 2020–Alexander Bolton, Sylvan LaneSenate Republican sources expect President Trump to withdraw his nomination of Judy Shelton to serve on the Federal Reserve Board following bipartisan resistance …
Mortgage Rates Level Off as Investors Reassess Impact of Coronavirus Outbreak on Economy
Washington Post, Feb. 13, 2020–Kathy OrtonNeither a strong jobs report nor testimony by the Federal Reserve chair before Congress was enough to move mortgage rates, which were essentially flat this …
Seventy-Five Years Later: Revisiting “The Small Home of Tomorrow”
National Mortgage Professional, Feb. 11, 2020–Phil HallThe new PBS documentary, “Hollywood’s Architect: The Paul R. Williams Story,” explores the groundbreaking career of Paul R. Williams, an African-American who broke down …
House Lawmakers at Odds over Requiring Banks to Report Diversity Data
American Banker, Feb. 12, 2020–Neil Haggerty (subscription)A study by the House Financial Services Committee on the industry’s efforts to hire and promote more women and minorities has sparked a dispute …
Bezos Buys Warner Estate in Beverly Hills for Record $165 Million
Reuters, Feb. 12, 2020–Steve GormanThe sale price is believed to be the highest in a Los Angeles-area residential real estate transaction, surpassing the previous record of $150 million reportedly spent …
NMI’s Insurance-in-Force Grows Along with Black Box Pricing
National Mortgage News, Feb. 12, 2020–Brad FInkelstein (subscription)NMI Holdings saw its insurance-in-force grow 38% over the past year as 90% of its clients used its black box pricing module during …