Wall Street Journal, Oct. 31, 2019–Candace Taylor (subscription)Two decades ago, a $100 million home sale was almost unthinkable. Times have changed: Four homes in the U.S. have closed at or …
Category: Top National News
Carson: No Changes Coming to FHA Mortgage Insurance Premiums, HECM Rules
HousingWire, Oct. 31, 2019–Ben LaneIn HUD Secretary Ben Carson’s view, the FHA Mutual Mortgage Insurance Fund should be much stronger than it has been in recent years before the agency …
Mortgage Rates Rise for 3rd Week. What Should a Borrower Do?
MoneyWise, Nov. 1, 2019–Doug WhitemanRefinances are up a sharp 134% year over year, the Mortgage Bankers Association says. In other words, lenders are receiving more than twice as many refi …
Eliminating Unconscious Bias from the Workplace
American Banker, Oct. 31, 2019–Tessa Breslin (subscription)While women are climbing the ranks in leadership, the progress has been depressingly slow as companies are struggling to root out unconscious bias.https://www.americanbanker.com/opinion/eliminating-unconscious-bias-from-the-workplace
GSEs Need to Shape Up if they Want to Leave Conservatorship: Calabria
National Mortgage News, Oct. 31, 2019–Hannah Lang (subscription)With the Federal Housing Finance Agency intensely focused on setting Fannie Mae and Freddie Mac on a path out of conservatorship, it is …
Fannie Mae Reports $4B in Q3 Net Income
National Mortgage Professional, Oct. 31, 2019–Phil HallFannie Mae closed the third quarter of this year with $4 billion in both net income and comprehensive income, according to the latest earnings …
U.S. Consumers Stay on a Spending Streak
Wall Street Journal, Oct. 31, 2019–Sarah Chaney, Paul Kiernan (subscription)Household outlays, muted inflation and modest labor-cost increases point to a slowing but still expanding economy.https://www.wsj.com/articles/u-s-consumer-spending-rose-in-september-11572525146?mod=hp_major_pos1
Could Fannie and Freddie Soon Have Competition?
Redlands Daily Facts (Calif.), Oct. 31, 2019–Jeff LazersonAt the MBA Annual Convention, the most important takeaway is that Dr. Mark Calabria, the recently installed director of the Federal Housing Finance …
Mortgage Rates Move Higher for Third Week in a Row
Washington Post, Oct. 31, 2019–Karthy OrtonMortgage rates continued to climb this week but could be headed lower. Meanwhile, mortgage applications were flat last week, the Mortgage Bankers Association reported.https://www.washingtonpost.com/business/2019/10/31/mortgage-rates-move-higher-third-week-row/
Single-Family Zoning Being Questioned Across the Nation
MReport, Oct. 30, 2019–Mike AlbaneseThe move to higher-density housing and less single-family zoning is taking hold in markets across the nation.https://themreport.com/daily-dose/10-30-2019/single-family-zoning-being-questioned-across-the-nation