Washington Post, Jan. 2, 2020–Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 3.72 percent with an average 0.7 point. (MBA mention)https://www.washingtonpost.com/business/2020/01/02/mortgage-rates-ease-heading-into-new-year/
Category: Top National News
Odd Lots: Records, Staying, Leaving
UExpress, Dec. 27, 2019–Lew SichelmanHomeowners who lose their homes to wildfire, flood, tornado or another national disaster often lose the records needed to prove their losses — for tax purposes, …
The 2020 Legislative Docket: AML Reform, GSEs, Dems v. Regulators
American Banker, Jan. 1, 2019–Neil Haggerty (subscription)House Financial Services Committee Chairwoman Maxine Waters, D-Calif., said the panel will continue to shine a bright light on Trump administration changes to agencies …
Tracking and Explaining Big Picture Shifts in Mortgage Risk Factors
Mortgage News Daily, Dec. 31, 2019–Jann SwansonThe effects of low interest rates continue to echo through the mortgage markets. Those rates can be credited, at least in part, with a …
Mortgage Relief Companies Ordered to Pay $18.5 Million to Misled Homeowners
WFTV.com (Orlando, Fla.), Dec. 31, 2019–Samantha ManningA federal judge has banned a group of companies from providing mortgage debt relief services after the government said they misled homeowners with false …
Bet on Real Estate in 2020, Says My Crystal Ball
Orange County Register, Dec. 26, 2019–Jeff LazersonAt some point in 2020, you’ll be able to capture a 30-year fixed at 2.875% without points. (MBA mention)https://www.ocregister.com/2019/12/26/mortgage-prediction-for-2020-a-30-year-fixed-at-2-875-without-points/
The Legal and Regulatory Landscape for Digital Closings
AZBigMedia.com, DEc. 29, 2019–Jeremy Yohe, Tyler NewlonTo date, 39 states have enacted laws establishing the legality of such e-notarization. In 2010, the National Conference of Commissioners on Uniform State Laws …
USMCA Trade Deal May Ease Housing Shortage
HousingWire, Dec. 27, 2019–Kathleen HowleyThe U.S.-Mexico-Canada Agreement could ease the nation’s housing shortage by stabilizing the prices of construction materials. The House of Representatives approved the new trade pact on …
RE Data Startup CrediFi to Shut Down Following Failed Sale
The Real Deal, Dec. 24, 2019–Danielle BalbiCommercial real estate data and analytics startup CrediFi is shutting down. The company had discussed selling to firms including Moody’s but no deal ever …
Can Your Employees Define Why they Work for You?
HousingWire, Dec. 30, 2019–Brena NathThere’s a common misconception within the industry — which the Mortgage Bankers Association helped debunk a couple years back — that its aging workforce is having …