Politico, Mar. 20, 2020President Donald Trump announced Friday that the Education Department would not enforce federal rules on standardized testing for K-12 schools and would allow federal student loan borrowers …
Category: Top National News
How Trump’s Attacks on the Fed Have Made Its Job Harder
New York Times, Mar. 20, 2020–Jeanna Smialek, Jim Tankersley, Alan RappeportThe Federal Reserve has moved quickly to combat economic fallout from the coronavirus pandemic, but President Trump’s ongoing attacks may …
Servicing Your Loan Can Be Tough
UExpress, Mar. 20, 2020–Lew SichelmanThere are at least three things in life you cannot choose: your parents, your neighbors and the company that administers your mortgage.https://www.uexpress.com/housing-scene/2020/3/20/servicing-your-loan-can-be-tough
One-Third of the Lower 48 Face Risk of Flooding This Spring, Weather Service Says
Washington Post, Mar. 19, 2020–Matthew CappucciA third of the United States is at risk of flooding this spring, including 23 states and 128 million Americans. That’s according to the spring …
Virus Scare Creates Perfect Storm for Mortgage Lenders
American Banker, Mar. 19, 2020–Kate Berry, Allissa Kline (subscription)Refinancing activity is surging, existing borrowers are inquiring about loan modifications, loan closings are being delayed by more complex credit checks — …
REITs Aren’t Dead
DS News, Mar. 19, 2020–Seth WelbornAs the role of non-bank lenders has shifted in the past few years, regulators are considered allowing further growth for these mortgage institutions and REITs. …
MBA’s Bob Broeksmit on What Lenders Need to Know Now to Conduct Business
HousingWire, Mar. 19, 2020–Brena Nath, Alcynna LloydThe Mortgage Bankers Association is working in overdrive right now to serve as a first line of defense for the industry. The coronavirus continues …
McConnell Details GOP Proposal for Third Coronavirus Bill
The Hill, Mar. 19, 2020–Jordain CarneySenate Majority Leader Mitch McConnell, R-Ky., speaking from the Senate floor, outlined what will be included in the Republican package and said lawmakers must take …
Lenders Throwing Lifeline to Borrowers Impacted by Coronavirus
Orange County Register, Mar. 19, 2020–Jeff LazersonYou must contact your mortgage servicer if you are in need. Nothing good can come from sticking your head in the sand. (MBA mention)https://www.ocregister.com/2020/03/19/lenders-throwing-lifeline-to-borrowers-impacted-by-coronavirus/
Million-Dollar Sales in Luxury Housing Markets Skyrocket
Mortgage Professional America, Mar. 19, 2020–Candyd MendozaThe US luxury housing market saw a spike in million-dollar sales in 2019 due to a sharp cut in mortgage interest rates.https://www.mpamag.com/news/milliondollar-sales-in-luxury-housing-markets-skyrocket-217268.aspx