Riverside (Calif.) Press-Enterprise, Nov. 28, 2019–Jeff LazersonIncreased loan limits mean some mortgage shoppers may now be able to turn their jumbo loans into conventional high-balance loans. And, some previous high-balance …
Category: Top National News
Meet the Man Loosening Bank Regulation, One Detail at a Time
New York Times, Nov. 29, 2019–Jenna SmialekSome say Randal Quarles is giving big banks a gift, little by little. Others call it needed fine-tuning. He pledges allegiance to efficiency.https://www.nytimes.com/2019/11/29/business/economy/bank-regulations-fed.html?nl=todaysheadlines&emc=edit_th_191129?campaign_id=2&instance_id=14107&segment_id=19180&user_id=e670283fb4fff3d4391d6f88569ad498®i_id=420636741129
U.S. Economy Unexpectedly Picks Up Speed
HousingWire, Nov. 27, 2019–Kathleen HowleyThe U.S. economy grew at a 2.1% annualized pace in the third quarter, picking up speed from the second quarter’s 2% rate and surprising economists, who …
Loan Defect Frequencies Continue to Decline
National Mortgage Professional, Nov. 27, 2019–Phil HallFrequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications during October was down by 1.4 percent from September, according …
Mortgage Rates Increased over the Last Week–And That Could Put a Damper on the Housing Market
MarketWatch, Nov. 27, 2019–Jacob PassyThe real estate market has been slow to respond to the low interest rate environment, and rates appear to be on an upward trajectory.https://www.marketwatch.com/story/mortgage-rates-increased-over-the-last-week-and-that-could-put-a-damper-on-the-housing-market-2019-11-27
5 Nuances Worth Noting in Mortgage, Housing Forecasts (subscription)
National Mortgage News, Nov. 27, 2019–Bonnie SinnockThe 2020 outlook for mortgage lending is generally strong, with many projecting a slight slowdown. Hence it’s important to minimize underlying risks and maximize …
Mortgage Rates Bounce Slightly Higher…
Wasington Post, Nov. 27, 2019–Kathy OrtonAccording to the latest data released Wednesday by Freddie Mac, the 30-year fixed-rate average ticked up to 3.68 percent with an average 0.5 point. It …
Highs and Lows in FDIC’s 3Q Report on Industry’s Health (subscription)
American Banker, Nov 26, 2019–Joe AdlerThe Federal Deposit Insurance Corp.’s Quarterly Banking Profile portrayed a healthy sector, with a growing loan book and a declining rate of noncurrent loans.https://www.americanbanker.com/list/highs-and-lows-in-fdics-3q-report-on-industrys-health?brief=00000158-07c7-d3f4-a9f9-37df9bc10000
Fed Has Taken ‘Significant Action’ to Offset Risks to Economy, Brainard Says (subscription)
Wall Street Journal, Nov. 26, 2019–Michael S. DerbyFederal Reserve Gov. Lael Brainard said Tuesday that three central-bank rate cuts have put monetary policy in the right place for now, in …
Fed’s Interest Rate Policy Has Had Little Impact on Lending Activity
GlobeSt.com, Nov. 27, 2019–Kelsi Maree BorlandMetro Group Realty Finance says that the Fed’s interest rate reductions have little to do with financing activity, because most commercial real estate lending is …