Washington Post, May 20, 2020–Erica WernerDemocrats and Republicans are working to give companies more time to rehire workers as it has become clear that some firms are struggling with the …
Category: Top National News
What Post-Conservatorship Could Look Like for the GSEs
National Mortgage News, May 20, 2020–Christopher Whalen (subscription)Even though FHFA and the GSEs still have not yet rolled out a full response to the COVID-19 disaster, the agency’s conservative leadership …
Nearly Half of Adults Live in U.S. Households That Lost Income Since Lockdowns Started
Wall Street Journal, May 20, 2020–David Harrison, Paul Overberg (subscription)Nearly half of adults live in households that have lost income in the two months since the coronavirus pandemic led to …
Rates on Home Loans are Dipping Below 3% Thanks to the Fed and Powell
Yahoo! Finance, May 20, 2020–Doug WhitemanHomebuyers and homeowners who comparison-shop for a home loan might now find 30-year fixed-rate mortgages being offered at rates below 3%.https://finance.yahoo.com/news/rates-home-loans-dipping-below-224824181.html
2019 Originations by Lender
Commercial Property Executive, May 20, 2020–Jamie WoodwellThis was supposed to be another record-breaking year for mortgage bankers, but originations started declining year-over-year in March, according to MBA’s Jamie Woodwell.https://www.cpexecutive.com/post/2019-originations-by-lender/
GOP Senators: More Relief Needed Now
The Hill, May 20, 2020–Alexander BoltonSenate Majority Leader Mitch McConnell, R-Ky., has put the brakes on further coronavirus relief negotiations, citing the budgetary impact of trillions of dollars in unanticipated …
Fed Worries Turned to Financial Stability in April Meeting
Bloomberg, May 20, 2020–Christopher Condon, Rich MillerU.S. central bankers saw the coronavirus pandemic posing a severe threat to the economy when they met last month and were also concerned by …
New York City’s Housing Market Struggles Under Lockdown with Residential Sales Down 61% YOY
HousingWire, May 20, 2020–Phil HallNew York City is the U.S. epicenter of the coronavirus pandemic, and the local economy has been harshly impacted by the health crisis. But the city’s …
Behind Bond Market’s Stall, Investors See Hard Times Ahead
Wall Street Journal, May 20, 2020–Sam Goldfarb (subscription)Yields on U.S. government bonds have stalled near record lows, a sign that investors are anticipating a difficult economic recovery and years of …
Mortgage Regulator to Loosen Financial Restrictions for Home Loans in Forbearance
MarketWatch, May 20, 2020–Jacob PassyFannie Mae and Freddie Mac issued temporary guidance stipulating that borrowers will be eligible to refinance or buy a new home if they are in a …