National Mortgage News, Dec. 18, 2019–Brad Finkelstein (subscription)https://www.nationalmortgagenews.com/news/home-resales-remain-above-potential-but-that-could-change-in-2020
Category: Top National News
U.S. Expansion Expected to Continue Through 2020 – WSJ Survey
Wall Street Journal, Dec. 18, 2019–Harriet Torry (subscription)The U.S. expansion, now in its 11th year, will continue through the 2020 presidential election with a healthy labor market backing it up, …
Judge Tosses Paul Manafort’s Mortgage Fraud Case In New York
Associated Press, Dec. 18, 2019A judge on Wednesday threw out Paul Manafort’s New York mortgage fraud case on double jeopardy grounds.https://www.huffpost.com/entry/paul-manafort-mortgage-fraud-new-york_n_5dfa4702e4b0d6c84b776c12
Minority Home Buyers Can Get Better Mortgage Rates From Algorithms
Fortune, Dec. 18, 2019–Jeff John RobertsAlgorithms are exerting a growing influence over our daily lives and, in many cases, they can perpetuate bias. But in at least one case—the field …
Weekly Mortgage Applications Drop 5 Percent as Rates Flatten
CNBC, Dec. 18, 2019–Diana Olick Total mortgage application volume fell 5% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Yet volume was 65% higher compared …
Senate Democrats Demand FHFA Offer More Details on GSE Reform
National Mortgage News, Dec. 17, 2019–Neil Haggerty (subscription)Democrats on the Senate Banking Committee are pressuring Federal Housing Finance Agency Director Mark Calabria and Treasury Secretary Steven Mnuch to provide more …
Judge Finds U.S. Liable For Hurricane Harvey Damage
Wall Street Journal, Dec. 17, 2019–Sara Randazzo (subscription)The federal government knew a reservoir system it built in the Houston area in the 1940s was likely to flood private residences, and …
Mortgage Lenders Are Now in the Experience Business
Mortgage Orb, Dec. 17, 2019–Rick MountIt is evident that lenders are no longer in the mortgage business but are now in the experience business. This experience is not limited to …
Realty Views: Good News On Lending
Long Beach (Calif.) Business Journal, Dec. 17, 2019–Terry Ross Homeowners and homebuyers have some good news to look forward to in 2020 as almost all of the recent announcements by …
World’s Biggest Banks Paying $386 Million to Settle Allegations of Fixing Fannie Mae, Freddie Mac Bonds
HousingWire, Dec. 17, 2019–Ben LaneSixteen of the world’s biggest financial institutions will pay $386.5 million to settle claims that the banks conspired to fix the prices of bonds issued by …