Washington Post, Feb. 20, 2020–Kathy OrtonAccording to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average ticked up to 3.49 percent with an average 0.7 point. It …
Category: Top National News
Commercial and Multifamily Loan Maturities to Pick Up in 2020
Commercial Property Executive, Feb. 19, 2020-Jamie WoodwellThe Mortgage Bankers Association estimates there will be a 48 percent increase in loan maturities this year. But some context is needed: given the …
LendingClub Deal Could Spur More Fintech-Bank Mergers
American Banker, Feb. 19, 2020–Jim Dobbs (subscription)The challenge for other fintechs will be to find banks that are as compatible as Radius Bank, an online-only lender, is for LendingClub.https://www.americanbanker.com/news/lendingclub-radius-deal-could-spur-more-m-a
Want to Know if the Housing Market is Healthy? Look at How Often People Move
HousingWire, Feb. 19, 2020–Mary Frances ColemanBetween homeownership and mobility data, housing professionals have plenty of resources at their disposal to cut through the noise. At the end of the day, …
Waters Seeks GAO Study on Appraisals
National Mortgage Professional, Feb. 19, 2020–Phil HallRep. Maxine Waters, D-Calif., Chair of the House Financial Services Committee, requested the Government Accountability Office initiate study on implementation of Title XI of …
Regulators Extend CRA Comment Period, Bowing to Congressional Pressure
American Banker, Feb. 19, 2020–Brendan Pedersen (subscription)https://www.americanbanker.com/news/regulators-extend-cra-comment-period-bowing-to-congressional-pressure
Fed Minutes Show Comfort With Economy, Rate Stance Last Month
Wall Street Journal, Feb. 19, 2020–Nick Timiraos (subscription)Federal Reserve officials signaled growing optimism about the U.S. economy last month, before the coronavirus outbreak in China began to cloud prospects of …
Cost of Renting Continues to Steadily Rise
HousingWire, Feb. 19, 2020–Julia Falcon Rent growth has gone up pretty moderately in the new year, and it forecasted to keep trending that way.https://www.housingwire.com/articles/cost-of-renting-continues-to-steadily-rise/
Weekly Mortgage Applications Take a Hit as Mortgage Rates Tick Up
CNBC, Feb. 19, 2020–Diana Olick The refinance boom took a step back last week, bringing down total mortgage applications. Mortgage application volume decreased 6.4% from the previous week, according to …
Fed Minutes Could Provide Clues on Economic Outlook, Balance Sheet
Wall Street Journal, Feb. 19, 2020–Nick Timiraos (subscription)The Federal Reserve releases the minutes of its Jan. 28-29 meeting on Wednesday at 2 p.m. EST, which are expected to shed light …