CBS News, Feb. 11, 2020–Khristopher J. BrooksHomebuyers are taking advantage of lower rates. The number of mortgage applications rose 5% between the lend of January and the first week of …
Category: Top National News
Former Chase Home Lending CEO Mike Weinbach Moving to Wells Fargo
HousingWire, Feb. 11, 2020–Ben LaneWhen Chase Home Lending CEO Mike Weinbach stepped down earlier this month, the scuttlebutt was that he was leaving for an unnamed “external opportunity.” Weinbach’s next …
Secret Plan to Buy Freddie Mac is the Focus of Lobbyist Lawsuits
Bloomberg, Feb. 11, 2020–Joe Light, Elizabeth DexheimerThe unsuccessful scheme has become the focus of a legal battle involving two former Federal Home Loan Bank of San Francisco employees against that …
Survey: Millennials and Gen Z Still Need Parental Aid for Homebuying
National Mortgage Professional, Feb. 11, 2020–Phil HallMillennials and Gen Zers exploring the possibility of homeownership are still getting assistance from the Bank of Mom and Dad to help finance their …
Fed Watching Risks of Broader Coronavirus Disruptions
Wall Street Journal, Feb. 11, 2020–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell said the central bank is “closely monitoring” the extent of global economic disruptions from the coronavirus in China, …
Mortgage Investors Brace for Coming Wave of Loan Refinancings
Bloomberg, Feb. 11, 2020–Christopher MaloneyWith the 30-year mortgage rate just 14 basis points above its all-time low of 3.31% seen in November 2012, mortgage-backed security investors are bracing themselves for …
U.S. Household Size, at a Record Low, May Finally Be Bottoming Out
Bloomberg, Feb. 10, 2020–Justin FoxThese trends may indicate that Americans have had enough of living alone. But they may also reflect high real estate prices in parts of the country …
Fed Chairman Heads to Capitol Hill Facing New Questions Over Growth Risks
Wall Street Journal, Feb. 10, 2020–Nick Timiraos (subscription)When Federal Reserve Chairman Jerome Powell heads to Capitol Hill for two days of testimony beginning Tuesday, he will face questions about how …
Affordable Housing Cuts, CFPB Funding: Takeaways from Trump Budget
American Banker, Feb. 10, 2020–Hannah Lang (subscription)The Trump administration wants to eliminate several affordable housing programs and force some independent agencies to seek congressional funding, yet is also seeking to …
Trump’s $4.8 Trillion Budget Gets Chilly Reception from Congress
Reuters, Feb. 10, 2020–Jeff Mason, Richard CowanPresident Donald Trump’s $4.8 trillion budget plan for the coming fiscal year drew a prompt rejection on Monday from congressional Democrats, who said it …