National Mortgage News, November 22, 2024-Kyle CampbellPresident-elect Donald Trump announced two cabinet nominations Friday evening that will shape his administration’s financial policies. Trump tapped Scott Bessent, a billionaire donor and …
Category: Top National News
Mortgage Applicants See Surging Rejection Rates
National Mortgage News, Nov. 21, 2024-Spencer LeeMortgage application rejections surged in 2024, with refinance borrowers experiencing the highest rate of “no” in over 10 years, according to research by the …
Fix-and-Flip Investors Say They’re Discouraged by Higher Mortgage Rates, Home Prices
HousingWire, Nov. 22, 2024-Kennedy EgertonAs low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market …
Rental Home Investors Poised to Benefit as Mortgage Rates, High Home Prices Sideline Buyers in 2025
The Associated Press, Nov. 22, 2024-Alex VeigaLOS ANGELES — Rental homes will remain an attractive option next year to would-be homebuyers sidelinedClick here for more
Early Returns Show Commissions Are Falling
The Housing Scene, November 22, 2024-Lew SichelmanJust a few weeks into the aftermath of the class-action settlement that rocked the real estate world, sales commissions have shrunk. That’s the major …
Time for a Makeover: Trade Groups Want a Revamp of the Major Flood Insurance Program
HousingWire, November 21, 2024-Brooklee Han The National Flood Insurance Program is up for renewal next month, but after more than 30 short-term extensions, housing trade groups want more. (MBA interview) …
Why and How the MSR Market is Consolidating
National Mortgage News, November 21, 2024-Bonnie Sinnock A small group of larger players is dominating in the mortgage servicing rights market and they are paying prices for MSRs that vary …
Bank Regulators to Pause Capital Rule, Other Actions Before Trump Takes Office
Politico Pro, Nov. 20, 2024-Michael Stratford Federal banking regulators installed by President Joe Biden said on Wednesday they would not finalize any major rules before President-elect Donald Trump takes office, …
Criminal Charges and Jail Time Now Part of Predatory Mortgage Lending Law in California
Orange County Register, Nov. 21, 2024–Jeff LazersonCalifornia Assembly Bill 3108 expands the definition of mortgage fraud to include a loan originator who knowingly causes a borrower to sign a loan …
Fannie Mae’s Forecast for Home Sales? ‘Meh’
HousingWire, Nov. 21, 2024-Jeff AndrewsIt looked like existing-home sales were primed to rise in 2025, but the prospect of higher-than-expected mortgage rates are driving down expectations.Click here for more (subscription)