Urban Institute, Feb. 26, 2020–Sarah Strochak, Jung Hyun Choi, Laurie GoodmanThe authors said their research found many of the cities that have narrowed the racial homeownership gap are near large …
Category: Top National News
The Looming Concerns Servicers Might Be Ignoring
HousingWire, Feb. 27, 2020–Brena NathWrapping up the Mortgage Bankers Association’s Servicing Conference, The Money Source Chief Compliance Officer Shanya Arrington offers insights on what’s happening in the servicing space, including …
Democratic Presidential Candidates Answer 3 Hot Housing Questions
OC Register (Calif.), Feb. 27, 2020–Jeff LazersonWe asked the Democratic presidential candidates how they would help fix the housing crisis, homelessness and create more down-payment assistance for homebuyers. https://www.ocregister.com/2020/02/27/democratic-presidential-candidates-answer-3-hot-housing-questions/
Fannie and Freddie Make Record High Contributions to Housing Trust Funds
American Banker, Feb. 27, 2020–Hannah Lang (subscription)The Federal Housing Finance Agency authorized the government-sponsored enterprises to contribute $502.2 million to two funds that help preserve and build affordable housing.https://www.americanbanker.com/news/fannie-and-freddie-to-make-record-high-contributions-to-housing-trust-funds
This is Where iBuyers Dominated the Market in 2019
HousingWire, Feb. 27, 2020–Julia FalconWhile Phoenix was seen as the petri dish of the experimental iBuyers market, it’s Raleigh, North Carolina, that turned out to have the most iBuyer purchases …
CoreLogic Attributes Its 4Q Growth from Shift to an AMC
National Mortgage News, Feb. 27, 2020–Brad Finkelstein (subscription)https://www.nationalmortgagenews.com/news/corelogic-attributes-its-4q-growth-from-shift-to-an-amc
Fed’s Evans Says Too Soon to Say if Coronavirus Shock Needs Rate Cut
Wall Street Journal, Feb. 27, 2020–Anthony Harrup, Michael S. Derby (subscription)Chicago Fed President Charles Evans said Thursday that the U.S. central bank is closely monitoring the fallout from the spread …
Churchill Mortgage Acquires Elev8 Mortgage
National Mortgage Professional, Feb. 27, 2020–Phil HallChurchill Mortgage announced its acquisition of Elev8 Mortgage, a mortgage brokerage based in Bend, Ore. Terms of the deal were not disclosed. Elev8 Mortgage …
How Ginnie Mae Will Start Breaking Down a Key Issuer Concern This Year
National Mortgage News, Feb. 27, 2020–Bonnie Sinnock (subscription)Ginnie Mae’s issuers would like more than anything to see the government agency transition its mortgage-backed securities platform to loan-level functionality. And this …
Mortgage Rates Head Back Down on Coronavirus Fears
Washington Post, Feb. 27, 2020–Kathy Orton Volatility in the financial markets did not move mortgage rates much this week. According to the latest data released Thursday by Freddie Mac, the …