American Banker, Oct. 30, 2019–Hannah Lang (subscription)The Department of Justice wants the Supreme Court to hear a case to decide the fate of Fannie Mae and Freddie Mac’s profits and …
Category: Top National News
U.S. SEC Considers Relaxing Post-Crisis Structured Mortgage Product Rules
Reuters, Oct. 30, 2019–Katanga JohnsonThe U.S. Securities and Exchange Commission on Wednesday said it was seeking feedback on whether disclosure rules were discouraging firms from issuing SEC-registered residential mortgage-backed securities …
It Will Take More Than Lower Mortgage Rates for a Housing Rally
New York Times, Oct. 21, 2019–Ben CasselmanMortgage rates have edged upward since September as fears about an imminent recession eased. Michael Fratantoni, chief economist of the Mortgage Bankers’ Association, said …
Mortgage Lending Will Boom Through June 2020, Then Plummet: MBA
National Mortgage News, Oct. 30, 2019–Brad Finkelstein (Free content)Home lenders will benefit from elevated refinance activity through the first half of next year, but volume may then fall off quickly, …
Weekly Mortgage Demand is Flat as Interest Rates Hit the Highest Level in 3 Months
CNBC, Oct. 30, 2019–Diana OlickMortgage applications to refinance a home loan fell 1% last week but were 134% higher than a year ago, when interest rates were significantly higher, the …
Biggest Takeaways from MBA Annual 2019
National Mortgage News, Oct. 30, 2019–Paul Centopani (Free content)The Mortgage Bankers Association’s annual convention rolled through Austin this year, leaving behind important announcements and implications for the future of the …
Security Experts: Cybersecurity Threats Aren’t Going Away, They’re Doubling
HousingWire, Oct. 29, 2019–Maleesa SmithThe resounding message from the panelists at the MBA Annual Convention & Expo: cybersecurity threats are only increasing, so companies need to be prepare for them …
FHA’s Montgomery: Several Banks Have Committed to Return to FHA Lending
HousingWire, Oct. 29, 2019–Ben LaneSpeaking Monday at the Mortgage Bankers Association Annual Conference in Austin, FHA Commissioner Brian Montgomery said that “a few” banks have already committed to returning to …
Q3 Homeownership Rate Up Slightly
National Mortgage Professional, Oct. 29, 2019–Phil HallThe homeownership rate during the third quarter reached 64.8 percent, according to data from the U.S. Census Bureau. The third quarter level was up …
Yes, The Fed Will Cut Rates, But Not Mortgage Rates
Mortgage News Daily, Oct. 29, 2019–Matthew GrahamThe only mortgage rates that have anything to do with the Fed Funds Rate (the thing the Fed cuts or hikes) are those associated …