American Banker, Jan. 9, 2020–Kate Berry (subscription)California Gov. Gavin Newsom is planning to create a powerful state Consumer Financial Protection Bureau with expanded oversight of nonbank financial institutions and added …
Category: Top National News
CSBS Publishes Update on Fintech Initiatives
National Mortgage Professional, Jan. 9, 2020–Phil HallThe Conference of State Bank Supervisors published an accountability report detailing the progress of its Fintech Industry Advisory Panel in streamlining state licensing and …
U.S. Fed Buys $1.9 Billion of Mortgage Bonds, Sells None
Reuters, Jan. 9, 2020The Federal Reserve bought $1.876 billion of agency mortgage-backed securities in the week from Jan. 2 to Jan. 8, compared to none purchased the previous week, the …
MBA Expecting a Banner Year for Commercial/Multifamily Space
Mortgage Professional America, Jan. 9, 2020–Kasi JohnstonThe Mortgage Bankers Association is predicting another record-breaking year in commercial and multifamily lending as momentum coming out of 2019 is expected to continue.https://www.mpamag.com/commercial/mba-expecting-a-banner-year-for-commercialmultifamily-space-196137.aspx
Skip Payments on a Modified Mortgage and California Cuts You a Big Break
Orange County Register, Jan. 9, 2020–Jeff LazersonLast month a California appellate court concluded that a mortgage lender could not require its borrower to revert to the original mortgage note terms …
The Three-Front Housing and Fintech War of 2020
HousingWire, Jan. 9, 2020–Julian HebronCustomer acquisition, instant loan approvals and home valuations are a three-front war for housing dominance in 2020. As a lender, you must win all three or …
New Study Affirms Mortgage Savings Via Strong Credit Score
National Mortgage Professional, Jan. 9, 2020–Phil HallIt might be common knowledge that having a good credit score can help in the home loan process, but a new study from LendingTree …
Californians’ Home Mortgage Deduction Would Be Capped Under New Bill
San Francisco Chronicle, Jan. 9, 2020–Alexei KoseffThe bill by Assemblyman David Chiu, D-San Francisco, would cap a state tax break for mortgages to the interest paid on the first $750,000 …
The Impacts of US Military Service on Homeownership and Income
Urban Institute, Jan. 9, 2020The report explores how serving in the US military or the presence of a large military institution can ease racial and ethnic disparities in homeownership and …
Mortgage Rates Hit 13-Week Low in Wake of Iran Crisis
Washington Post, Jan. 9, 2020–Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average fell to 3.64 percent with an average 0.7 point. It was …