Wall Street Journal, Feb. 10, 2020–Nick Timiraos (subscription)When Federal Reserve Chairman Jerome Powell heads to Capitol Hill for two days of testimony beginning Tuesday, he will face questions about how …
Category: Top National News
Affordable Housing Cuts, CFPB Funding: Takeaways from Trump Budget
American Banker, Feb. 10, 2020–Hannah Lang (subscription)The Trump administration wants to eliminate several affordable housing programs and force some independent agencies to seek congressional funding, yet is also seeking to …
Trump’s $4.8 Trillion Budget Gets Chilly Reception from Congress
Reuters, Feb. 10, 2020–Jeff Mason, Richard CowanPresident Donald Trump’s $4.8 trillion budget plan for the coming fiscal year drew a prompt rejection on Monday from congressional Democrats, who said it …
Chinese Military Officers Indicted for 2017 Equifax Data Breach
National Mortgage Professional, Feb. 10, 2020–Phil HallThe Department of Justice charged four members of the Chinese military with coordinating the 2017 data breach of Equifax, one of the largest cybersecurity …
Front-Loading is the Next Big Step for Digital Mortgages
HousingWire, Feb. 10, 2020–Kelsey RamirezThe digital mortgage has come a long way over the past few years, but one analyst says the next big step will be front-loading the origination …
Multifamily and CRE Lending Moves at a Record-Breaking Pace
National Mortgage News, Feb. 10, 2020–Paul Centopani (subscription)Despite a drop in multifamily loan volume, other commercial activity pushed overall multifamily and commercial lending to unprecedented heights, according to the Mortgage …
5 Questions to Ask Yourself Before You Refinance Your Mortgage
MarketWatch, Feb. 10, 2020–Jacob PassyRefinance loan volume jumped to the highest level since 2013 last week, especially among jumbo mortgage borrowers, on the heels of lower mortgage rates, according to …
10 Facts You Must Know from Mortgage Industry’s First Major Summit of 2020
HousingWire, Feb. 10, 2020–Julian HebronWhat events matter most now that conference “season” is year-round? Last week’s Mortgage Bankers Association Independent Mortgage Bankers Conference certainly qualifies. Participants control a majority of …
Homesnap’s New Platform Guesses When People Will Move
HousingWire, Feb. 10, 2020–Kathleen HowleyHomesnap has a new service that crunches data to show which homes in a neighborhood are the most likely to be listed for sale in the …
Trump to Propose $4.8 Trillion Budget with Big Safety Net Cuts
Wall Street Journal, Feb. 9, 2020–Kate Davidson, Andrew Restuccia (subscription)President Trump is expected to release a $4.8 trillion budget Monday that charts a path for a potential second term, proposing …