National Mortgage News, Mar. 2, 2020–Kate Berry (subscription)When laywers appear before the U.S. Supreme Court on Tuesday, they see Chief Justice John Roberts as the potential swing vote.https://www.nationalmortgagenews.com/news/will-cfpb-be-reined-in-chief-justice-roberts-may-hold-the-key
Category: Top National News
FHFA Authorizes $502 Million-Plus to Housing Trust Fund and Capital Magnet Fund
National Mortgage Professional, Mar. 2, 2020–Phil HallThe Federal Housing Finance Agency announced disbursement of Fannie Mae and Freddie Mac’s affordable housing allocations for 2019 to HUD for the Housing Trust …
Mortgage Risk is Down Thank to Less Risky Refi Transactions
Mortgage Professional America, Mar. 2, 2020–Candyd MendozaThe growing share of lower-risk refinance transactions pulled the frequency of defects, fraud, and misinterpretation in the information submitted in mortgage loan applications to …
Your Bank Won’t Give You a Mortgage Rate in the 2’s. Here’s Why
The Mortgage Reports, Mar. 2, 2020–Peter MillerMortgage rates don’t always follow trends like we wish they would. And the more unexpected the circumstances are, the less predictably rates move.https://themortgagereports.com/63168/mortgage-rates-should-be-in-the-2s-heres-why-theyre-not
U.S. Homeowners, Banks Approach Refinancing Field Day
Reuters, Mar. 2, 2020–David HenryThe Mortgage Bankers Association is revising upward its forecasts for refinancing because of the plunge in bond yields, said Joel Kan, an economic and industry forecaster …
Should Regulators Close the Door to New FHLB Entrants, or Open it Wide?
American Banker, Mar. 2, 2020–Hannah Lang (subscription)An effort by the Federal Housing Finance Agency to examine membership rules for the Federal Home Loan Bank System is reigniting an argument over …
Virus Pushes Global Economy Toward First Contraction Since 2009
Bloomberg, Mar. 2, 2020–William HorobinGlobal economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging central banks and governments …
Recent Drop In Mortgage Rates Might Not Be The Last, Experts Say
Forbes, Mar. 2, 2020–Aly J. YaleMortgage rates averaged 3.45% last week, but by Friday? Data shows they had dropped even more.https://www.forbes.com/sites/alyyale/2020/03/02/recent-drop-in-mortgage-rates-might-not-be-the-last-experts-say/#575f56b7ca6b
After a Disaster, Some Homeowners’ Next Misfortune Is Mortgage Relief
Wall Street Journal, Feb. 29, 2020–Orla McCaffrey (subscription)Mortgage lenders sometimes tell borrowers they can skip a few payments after a hurricane, flood or brush fire—but then their troubles can really …
Calabria Now Expects Fannie Mae and Freddie Mac IPOs in 2021
HousingWire, Feb. 28, 2020–Ben LaneFederal Housing Finance Agency Director Mark Calabria told members of the Credit Union National Association this week that he now expects the offering of stock in …