Business Insider, Feb 3, 2020–Liz Knueven For many would-be homebuyers, saving a 20% down payment for a mortgage can be a big barrier to homeownership. Consequently, more people are buying …
Category: Top National News
U.S. Construction Spending Dips in December
HousingWire, Feb. 3, 2020–Alcynna LloydU.S. construction spending for commercial and residential projects dipped in December, its first retreat since June, according to the Census Bureau.https://www.housingwire.com/articles/construction-spending-dips-in-december/
5 Questions for Regina Lowrie
National Mortgage News, Feb. 3, 2020–Brad FinkelsteinThe prevention of wire fraud and cyber-crime being perpetrated against the mortgage business is the latest passion for Regina Lowrie, longtime industry executive and …
New York Sees Biggest Home-Building Boom in Years
Wall Street Journal, Feb. 2, 2020–Josh Barbanel (subscription)Despite a weak outlook for residential real estate, the number of building permits issued in New York City for new homes surged last …
The Value of Warehouse Lenders in the Mortgage Market
HousingWire, Jan. 31, 2020–Mike DunlapThe author, an MBA member and CEO of Merchants Bank of Indiana, says while the share of independent mortgage banks has grown in recent years, misconceptions …
Don’t Bite Off Too Much House
UExpress, Jan. 31, 2020–Lew SichelmanOnly your lender can tell you how much you can spend on a house. But you don’t have to spend that much, and probably shouldn’t. You …
The U.S. Housing Crisis Is Making Its Way to the Heartland
Bloomberg, Jan. 31, 2020–Jordan Yadoo, Noah Buhayar There are signs that the affordability crisis that started on the coasts is moving inlance, according to the Harvard Joint Center for Housing …
Do You Know the 2 Categories of Fintech?
HousingWire, Jan. 31, 2020–Julian HebronWe say fintech in housing and banking like those in Hollywood say Kimye. But unlike the shorthand for power-couple Kim Kardashian and Kanye West, fintech is …
FHFA Proposes Agency Seller/Servicer Requirement Updates
National Mortgage Professional, Jan. 31, 2020–Phil HallThe Federal Housing Finance Agency is proposing to update the minimum financial eligibility requirements for Fannie Mae and Freddie Mac seller/servicers.https://nationalmortgageprofessional.com/news/73680/fhfa-proposes-agency-sellerservicer-requirement-updates
U.S. Consumer Spending, Wage Gains Eased in Late 2019
Wall Street Journal, Jan. 31, 2020–Amar Omeokwe, Sarah Chaney (subscription)U.S. economy is returning to a more moderate pace of growth. Personal-consumption expenditures, or household spending, rose a seasonally adjusted 0.3% …