National Mortgage Professional, Apr. 10, 2020–Keith GriffinThe Urban Institute’s Housing Finance Policy Center is calling on the federal government to create a liquidity vehicle for mortgage servicers. Without it, a …
Category: Top National News
U.S. Budget Deficit Grew 8% in First Half of Fiscal 2020, Treasury Says
Wall Street Journal, Apr. 10, 2020–Paul Kiernan (subscription)The U.S. government budget deficit grew 8% in the first six months of the fiscal year, as government spending outpaced federal tax receipts …
U.S. Mortgage Industry Braces for More Strain as Support Talks Stall
Reuters, Apr. 10, 2020–Matt ScuffhamThe U.S. residential mortgage finance market faces severe stress after the industry failed this week to convince regulators to launch an emergency liquidity facility needed to …
IMBs are the Path to Recovery, Not the Problem
HousingWire, Apr. 10, 2020–David StevensFormer FHA Commissioner (and MBA President & CEO) says without independent mortgage bank lending to underserved communities, opportunities for first-time homebuyers — especially minority first-time buyers …
Bruised But Not Broken: The State of Today’s Jumbo Mortgage Market
HousingWire, Apr. 10, 2020–Phil HallThe XL-sized home loan is still being offered, although today it mostly winds up in bank portfolios. (MBA mention)https://www.housingwire.com/articles/bruised-but-not-broken-the-state-of-todays-jumbo-mortgage-market/
Trump Eyes G-Fee Increase
UExpress, Apr. 10, 2020–Lew SichelmanIf the White House has its way, homebuyers could soon be paying a few thousand more G’s for financing.The administration is looking to place the cost …
The Trump Administration May Turn a Health Crisis into a Housing Crisis
CNN Business, Apr. 10, 2020–Mike Calhoun, Jim Parrott, Mark ZandiThe fate of these companies matters to the rest of us because they are the ones that pick up the phone …
Trump Administration Pushing to Reopen Much of the U.S. Next Month
Washington Post, Apr. 9, 2020–Multiple StaffThe Trump administration is pushing to reopen much of the country next month, raising concerns among health experts and economists of a possible covid-19 resurgence …
Fed’s Housing-Market Concerns Increase Pressure to Help Mortgage Firms
Wall Street Journal, Apr. 9, 2020–Paul Kiernan (subscription)Pressure is building on federal regulators to help mortgage companies that say they face a wave of missed payments by struggling homeowners.https://www.wsj.com/articles/feds-housing-market-concerns-increase-pressure-to-help-mortgage-firms-11586471411?mod=hp_major_pos1#cxrecs_s
Fed’s Mortgage Bond Rescue Could Put Some Lenders Out of Business
Bankrate.com, Apr. 9, 2020–James RoyalThe Federal Reserve has begun purchasing hundreds of billions of dollars in bonds, including mortgage-backed securities (MBS), to help shore up debt markets. While the move …