Wall Street Journal, Oct. 28, 2019–Ben Eisen, Laura Kusisto (subscription)The mortgage market turned red hot over the summer, posting its biggest three months since the financial crisis.https://www.wsj.com/articles/falling-rates-boost-mortgage-market-to-precrisis-levels-11572267165?mod=hp_lead_pos8
Category: Top National News
Ginnie Mae Lays Out Its Plan for a Digital Mortgage Pilot
National Mortgage News, Oct. 28, 2019–Bonnie Sinnock (subscription)Ginnie Mae is looking for input on its proposed guidelines for electronic promissory notes and other mortgage documents that it plans to test …
FHFA Releases 2020 Scorecard for Fannie Mae and Freddie Mac
HousingWire, Oct. 28, 2019–Kathleen HowleyThe Federal Housing Finance Agency released its annual “Scorecard” for Fannie Mae and Freddie Mac outlining the goals its regulator will use for judging their performance …
Are Fannie, Freddie Ready for Compeitition? ‘Bring it on,’ CEOs Say
National Mortgage News, Oct. 28, 2019–Brad Finkelstein (subscription)When it comes to possible new competitors in the secondary market, the heads of the two current outlets said they more than welcomed …
Housing Reform Liquidity Dominates MBA Annual Speeches
National Mortgage Professional, Oct. 28, 2019–Phil HallThe question of housing finance reform and an ensured continuation of liquidity was front and center at the Mortgage Bankers Association’s Annual Convention & …
Powell Faces Tightrope Act Framing Potential Pause on Fed Rate Cuts
Wall Street Journal, Oct. 29, 2019–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell will walk a tightrope this week over whether and how to signal a potential timeout in rate cuts …
California Fire Damage Already at $25.4 Billion, and Counting
Bloomberg, Oct. 28, 2019–Nic Querolo, Brian K. SullivanDamages from the fires ripping across California stand at $25.4 billion, and they’re bound to keep rising.https://www.bloomberg.com/news/articles/2019-10-28/california-fire-damages-already-at-25-4-billion-and-counting?srnd=premium
Ellie Mae Signs Agreement to Acquire Capsilon
HousingWire, Oct. 28, 2019–Kelsey RamirezEllie Mae, a cloud-based platform provider, announced Monday it signed a definitive agreement to acquire Capsilon, a provider of AI-powered mortgage automation software for lenders, investors …
Falling Rates Boost Mortgage Market to Precrisis Levels
Wall Street Journal, Oct. 28, 2019–Ben Eisen, Laura Kusisto (subscription)The mortgage market turned red hot over the summer, posting its biggest three months since the financial crisis.https://www.wsj.com/articles/falling-rates-boost-mortgage-market-to-precrisis-levels-11572267165?mod=hp_lead_pos8
Ginnie Mae Lays Out Its Plan for a Digital Mortgage Pilot
National Mortgage News, Oct. 28, 2019–Bonnie Sinnock (subscription)Ginnie Mae is looking for input on its proposed guidelines for electronic promissory notes and other mortgage documents that it plans to test …