National Mortgage Professional, Feb. 7, 2020–Phil HallFannie Mae’s Home Purchase Sentiment Index increased from December to January by 1.3 points to 93.0, marking the third consecutive month of upward motion …
Category: Top National News
Why Mortgage Jobs Actually Increased This Winter
National Mortgage News, Feb. 7, 2020–Bonnie Sinnock (subscription)The latest employment numbers show mortgage payrolls were smaller than originally reported, but it also finds industry employment improved by year-end.https://www.nationalmortgagenews.com/news/why-mortgage-jobs-actually-increased-this-winter
Falling Rates Could Boost Mortgages Ahead of Spring Selling Season
Wall Street Journal, Feb. 8, 2020–Orla McCaffrey (subscription)Mortgage rates are at their lowest level in more than three years, potentially boosting the U.S. housing market as it enters the crucial …
Welcome to the Big Leagues: Increasing Loan Limits Fuel Industry Competition
HousingWire, Feb. 7, 2020–Brena NathMortgage Bankers Association Senior Vice President of Residential Policy and Member Engagement Pete Mills commented on the importance of the way loan limit changes are handled, …
Big Mortgage Lenders are Flirting with Disaster
American Banker, Feb. 7, 2020–Jeremy Sopko (subscription)The author, CEO of Nations Lending Corp., says big banks are lacking both financial consistency and discipline at the moment. Unchecked, it could lead …
Labor Shortages are Hitting Multifamily, Too
HousingWire, Feb. 7, 2020–Julia FalconDespite a prolonged multifamily growth schedule, there is still room for rent price to go up, according to Yardi Matrix.https://www.housingwire.com/articles/labor-shortages-are-hitting-multifamily-too/
Ocwen Should Regain Pretax Profitability by the Third Quarter
National Mortgage News, Feb. 7, 2020–Brad Finkelstein (subscription)Ocwen Financial Corp. is on track to become profitable on a pretax basis by the third quarter without any special items enhancing earnings, …
Housing Supply Sinks to New Low
National Mortgage Professional, FEb. 7, 2020–Phil HallThe national housing inventory plummeted by 13.6 percent in January, the steepest year-over-year decrease in more than four years, according to new data from …
A Little Schooling Goes a Long Way
UExpress, Feb. 7, 2020–Lew Sichelman Obtaining an affordable mortgage is an art, not a science, especially for first-time buyers, and is just as important as finding an affordable house. https://www.uexpress.com/housing-scene/2020/2/7/a-little-schooling-goes-a-long
Mortgage Credit Availability Dips in U.S.
World Property Journal, Feb. 7, 2020–David Barley A new report from the Mortgage Bankers Association, and new data from its Mortgage Credit Availability Index, showed U.S. mortgage credit availability decreased …