National Mortgage Professional, Apr. 20, 2020–Greg Holmes, Julie PiephoWhat’s happening in the marketplace right now will have a profound effect on the lending process in the future. Today, it’s all …
Category: Top National News
Fannie, Freddie May Soon Buy Home Loans in Forbearance to Help Mortgage Firms
Wall Street Journal, Apr. 20, 2020–Andrew Ackerman (subscription)The Federal Housing Finance Agency is weighing whether to allow Fannie Mae and Freddie Mac, the government-controlled mortgage-finance giants, to buy home loans …
Mortgages are Still Cheap, If You Can Get One
Marketplace, Apr. 20, 2020–Amy Scott“The March numbers were really only a reflection of tightening in the last two weeks of the month,” said Joel Kan of the Mortgage Bankers Association. …
Excluded From Bailouts, Mortgage Servicers Face Cash Crunch
New York Times, Apr. 20, 2020–Alan Rappeport, Matthew Goldstein, Jeanna SmialekThe Mortgage Bankers Association has been lobbying for a lending facility. “What we really want is a statement from the …
Nearly 3 Million Homeowners Get Mortgage Help, But Others Hit Roadblocks
NPR, Apr. 20, 2020–Chris ArnoldAbout 2.9 million homeowners have been allowed to put their mortgage payments on hold as the coronavirus shutdowns around the country put more people out of …
Western U.S. Home to Highest Loan Amounts, New Report Says
Mortgage Professional America, Apr. 20, 2020–Clayton JarvisIn its 2019 Purchase Mortgage Loan Amount Snapshot Report, DMS Consumer Finance found for the second year in a row, average anticipated loan amounts …
More Home Shoppers are Willing to Buy Without Seeing the Property
HousingWire, Apr. 20, 2020–Julia FalconDuring a time when we are told to stay home for our own good, there are still home shoppers out there. But how are they shopping? …
Loan Officer Commissions Soared in March, But Future Not as Bright
National Mortgage News, Apr. 20, 2020–Brad Finkelstein (subscription)The average commission earned per loan officer in March was over $8,000 higher than compared with January’s average — even as housing market …
Majority of Americans Support Canceling Rent, Freezing Mortgages During Pandemic
Salon, Apr. 20, 2020–Jessica CorbettNew polling from the think tank Data for Progress shows that a majority of Americans across the political spectrum support canceling rent payments and suspending home …
Independent Mortgage Banks Enjoyed Fast Rising Profits in 2019
World Property Journal, Apr. 20, 2020–Michael GerrityThe Mortgage Bankers Association’s latest Annual Mortgage Bankers Performance Report said independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made …