HousingWire, Feb. 7, 2020–Brena NathMortgage Bankers Association Senior Vice President of Residential Policy and Member Engagement Pete Mills commented on the importance of the way loan limit changes are handled, …
Category: Top National News
Big Mortgage Lenders are Flirting with Disaster
American Banker, Feb. 7, 2020–Jeremy Sopko (subscription)The author, CEO of Nations Lending Corp., says big banks are lacking both financial consistency and discipline at the moment. Unchecked, it could lead …
Labor Shortages are Hitting Multifamily, Too
HousingWire, Feb. 7, 2020–Julia FalconDespite a prolonged multifamily growth schedule, there is still room for rent price to go up, according to Yardi Matrix.https://www.housingwire.com/articles/labor-shortages-are-hitting-multifamily-too/
Ocwen Should Regain Pretax Profitability by the Third Quarter
National Mortgage News, Feb. 7, 2020–Brad Finkelstein (subscription)Ocwen Financial Corp. is on track to become profitable on a pretax basis by the third quarter without any special items enhancing earnings, …
Housing Supply Sinks to New Low
National Mortgage Professional, FEb. 7, 2020–Phil HallThe national housing inventory plummeted by 13.6 percent in January, the steepest year-over-year decrease in more than four years, according to new data from …
A Little Schooling Goes a Long Way
UExpress, Feb. 7, 2020–Lew Sichelman Obtaining an affordable mortgage is an art, not a science, especially for first-time buyers, and is just as important as finding an affordable house. https://www.uexpress.com/housing-scene/2020/2/7/a-little-schooling-goes-a-long
Mortgage Credit Availability Dips in U.S.
World Property Journal, Feb. 7, 2020–David Barley A new report from the Mortgage Bankers Association, and new data from its Mortgage Credit Availability Index, showed U.S. mortgage credit availability decreased …
House Dems to CFPB Chief: Use the Authority Congress Gave You
American Banker, Feb. 6, 2020–Kate Berry (subscription)At yet another tense hearing Thursday of the House Financial Services Committee focused on the CFPB, Director Kathy Kraninger butted heads with several lawmakers …
Three-Year Low in Rates Maes 11.3 Million Mortgages Refi Eligible
HousingWire, Feb. 6, 2020–Kathleen HowleyA three-year low in the average U.S. rate for a 30-year fixed mortgage pushed the number of “refi eligible” borrowers to 11.3 million, the second-highest on …
Credit Suisse CEO Tidjane Thiam Resigns Amid Spying Scandal
Wall Street Journal, Feb. 7, 2020–Margot Patrick (subscription)Credit Suisse Group AG Chief Executive Tidjane Thiam has left the bank after months of pressure over a spying scandal, despite public support …