National Mortgage News, Feb. 3, 2020–Brad FinkelsteinDefault rates for prime jumbo mortgages will increase, but a strong economy and rising home prices will bail most borrowers and lenders out, Moody’s …
Category: Top National News
Banks Expect Tighter Lending Standards, Weaker Loan Performance in 2020
Wall Street Journal, Feb. 3, 2020–David HarrisonBanks expect to tighten lending standards and to see loan performance weaken this year, according to a new Federal Reserve Survey. (subscription)https://www.wsj.com/articles/banks-expect-tighter-lending-standards-weaker-loan-performance-in-2020-11580761195?
California’s Big Housing Bill Fell Short. A Push for Backyard Cottages is Moving Ahead
San Francisco Chronicle, Feb. 3, 2020Last Thursday’s defeat of SB50, the state Senate bill that would have required cities to allow dense residential development near transit, shows housing policy can …
For Years Banks Have Asked for 20% Down on a Mortgage, But Cash-Strapped Americans are Buying Homes With Less
Business Insider, Feb 3, 2020–Liz Knueven For many would-be homebuyers, saving a 20% down payment for a mortgage can be a big barrier to homeownership. Consequently, more people are buying …
U.S. Construction Spending Dips in December
HousingWire, Feb. 3, 2020–Alcynna LloydU.S. construction spending for commercial and residential projects dipped in December, its first retreat since June, according to the Census Bureau.https://www.housingwire.com/articles/construction-spending-dips-in-december/
5 Questions for Regina Lowrie
National Mortgage News, Feb. 3, 2020–Brad FinkelsteinThe prevention of wire fraud and cyber-crime being perpetrated against the mortgage business is the latest passion for Regina Lowrie, longtime industry executive and …
New York Sees Biggest Home-Building Boom in Years
Wall Street Journal, Feb. 2, 2020–Josh Barbanel (subscription)Despite a weak outlook for residential real estate, the number of building permits issued in New York City for new homes surged last …
The Value of Warehouse Lenders in the Mortgage Market
HousingWire, Jan. 31, 2020–Mike DunlapThe author, an MBA member and CEO of Merchants Bank of Indiana, says while the share of independent mortgage banks has grown in recent years, misconceptions …
Don’t Bite Off Too Much House
UExpress, Jan. 31, 2020–Lew SichelmanOnly your lender can tell you how much you can spend on a house. But you don’t have to spend that much, and probably shouldn’t. You …
The U.S. Housing Crisis Is Making Its Way to the Heartland
Bloomberg, Jan. 31, 2020–Jordan Yadoo, Noah Buhayar There are signs that the affordability crisis that started on the coasts is moving inlance, according to the Harvard Joint Center for Housing …