UExpress, Mar. 6, 2020–Lew SichelmanThe lowest loan rates in 11 years have brought wannabe homebuyers off the bench and onto the playing field in droves. But low-cost mortgages don’t always …
Category: Top National News
OCC Proposes Eliminating ‘Outdated’ Licensing Rules
American Banker, Mar. 5, 2020–Brendan Pedersen (subscription)As part of a review, the agency said it had identified requirements dealing with operating subsidiaries, non-controlling investments by banks and other corporate activities …
Young Millennial Homebuyers Have a Clear Priority
Mortgage Professional America, Mar. 6, 2020–Steve RandallYoung millennial homebuyers want to live near their friends and family, rather than prioritizing career, mirroring the needs of the ‘silent generation’ of grandparents …
Lack of Capacity Leads to Widening Mortgage-Treasury Spreads
National Mortgage News, Mar. 5, 2020–Brad Finkelstein (subscription)Capacity constraints among mortgage lenders are leading to wider spreads between mortgages and the 10-year Treasury yield even after it remained below 1% …
Fed’s Williams Says Rate Cut Will Provide ‘Meaningful Support’ to Economy
Wall Street Journal, Mar. 5, 2020–Michael S. Derby (subscription)New York Fed leader John Williams kept the door open to additional rate cuts Thursday in a speech that explained why the …
Hello Bidding Wars: Home Sellers Gain Edge in this Year’s Housing Market
USA Today, Mar. 6, 2020–Charisse JonesIf you’re searching for a home this spring, get ready for a fight. Bidding wars are likely because mortgage rates are low, demand is strong, …
Can Coronavirus Sicken Our Healthy Housing Market?
Orange County Register, Mar. 5, 2020–Jeff LazersonHousing demand will continue to be strong and stable. But just as some folks are more susceptible to coronavirus, some homebuyers and homeowners are …
Commercial and Multifamily Delinquencies Hover Near Record Low
Mortgage Professional America, Mar. 5, 2020–Candyd MendozaCommercial and multifamily mortgage closed 2019 at or near record low delinquency rates, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.https://www.mpamag.com/news/investor-mortgage/commercial-and-multifamily-delinquencies-hover-near-record-low-215923.aspx
‘If You’re Not Making $1M this Year as a Loan Officer, You’re Grossly Incompetent:’ Mortgage Lenders Sense a New Gold Rush
The Real Deal (New York), Mar. 5, 2020“If you’re not making $1 million this year as a loan officer, you’re grossly incompetent,” Gold Star Mortgage Financial’s Eric Mitchell said. “‘I …
Homeowners Are in a Frenzy to Refinance as Mortgage Rates Nose-Dive
Yahoo! Finance, Mar. 5, 2020–Doug Whiteman “The 30-year fixed rate mortgage dropped to its lowest level in more than seven years last week, amidst increasing concerns regarding the economic impact …