National Mortgage News, Jan. 15, 2020–Bonnie Sinnock (subscription)The scam involved discount sales of real estate owned properties.https://www.nationalmortgagenews.com/news/ex-fannie-mae-employee-sentenced-for-role-in-property-sales-scheme
Category: Top National News
UBS: Fed May Cut Rate Three Times in 2020
HousingWire, Jan. 15, 2020–Kathleen HowleyUBS, one of the world’s biggest investment banks, is predicting the Fed could lower interest rates three times in 2020, an outlook at variance with other …
New Paper Challenges FSOC on Servicers
National Mortgage Professional, Jan. 15, 2020–Phil HallThe paper, “Do Non-Bank Mortgage Companies Pose Systemic Risk to the US Economy?,” challenges the FSOC’s assertion that the financial system could undergo tumult …
Fed’s Beige Book Reports Continued Modest Growth
Wall Street Journal, Jan. 15, 2020–David Harrison (subscription)The U.S. economy is entering 2020 on solid footing, having kept up its modest expansion in the final six weeks of 2019, the …
The Era of Fed Power Is Over. Prepare for a More Perilous Road Ahead
Wall Street Journal, Jan. 15, 2020–Greg Ip (subscription)The Federal Reserve and other central banks have long been the unchallenged drivers of financial markets and the business cycle. “Don’t fight the …
This Ghost of the Housing Bubble Still Haunts the Home Mortgage Market
MarketWatch, Jan. 15, 2020–Keith JurowThe author says jumbo mortgages increasingly look like a scary problem for the real estate sector,https://www.marketwatch.com/story/this-ghost-of-the-housing-bubble-still-haunts-the-home-mortgage-market-2020-01-15
MBA’s mPowering You Summit 2019: Four Lessons for Women Leaders
NAWRB Magazine, January 2020–Desiree Patno On October 26, 2019, I had the fantastic opportunity to attend the 3rd Annual Mortgage Bankers Association’s mPowering You Summit in Austin, Texas. https://issuu.com/nawrb/docs/success_of_women-owned_businesses
Weekly Mortgage Applications Soar 30% as Homebuyer Demand Hits the Highest Level in 11 Years
CNBC, Jan. 15, 2020–Diana OlickPurchase application volume hit the highest level since October 2009, rising 16% for the week and 8% from a year ago, according to Mortgage Bankers Association …
Regulators Aren’t the Only Ones at Odds over CRA Reform
American Banker, Jan. 14, 2020–Brendan Pedersen (subscription)As the effort to modernize the Community Reinvestment Act unfolds, a proposal championed by Comptroller of the Currency Joseph Otting is struggling to win …
New Loan Limits Blow the Roof Off Mortgages
Yahoo! Finance, Jan. 14, 2020–Doug WhitemanBecause of rising home prices, loan limits for government mortgage programs have been raised or even eliminated for 2020, meaning more borrowers can get mortgage …