Washington Post, Dec. 3, 2021–Kathy OrtonIn the face of volatility in the financial markets and new concerns about the coronavirus pandemic, mortgage rates were essentially flat this week. (MBA mention)https://www.washingtonpost.com/business/2021/12/02/mortgage-rates-hold-steady-despite-volatility-financial-markets-new-covid-concerns/
Category: Top National News
Our Perspective on the Enterprise Regulatory Capital Framework: Focus on the Countercyclical Features
Urban Institute, Nov. 29, 2021–Laurie Goodman, Jun Zhu, Edward GoldingThe authors recommend the Federal Housing Finance Agency reconsider the Fannie Mae/Freddie Mac countercyclical adjustment, as this could result in the …
On the Rise and Gaining Ground: Purchase Lending
Inside Mortgage Finance, Dec. 2, 2021–John BancroftTotal purchase-mortgage lending rose 6.8% from the second quarter to $550 billion in the third, according to Inside Mortgage Finance estimates. That put the …
What’s Happening to Housing Affordability in the U.S.?
Mortgage Professional America, Dec. 2, 2021–Richard TorneHousing affordability in September declined to its lowest level since 2008 due to nominal house price growth outpacing buying power gains, a new report …
Despite Low Mortgage Rates, America’s Housing Market Keeps Many First-Time Buyers on the Sidelines
MarketWatch, Dec. 2, 2021–Jacob PassyAffordability constraints in the still-competitive real estate market are making it harder for first-time home buyers to lock in deals.https://www.marketwatch.com/story/despite-low-mortgage-rates-americas-housing-market-keeps-many-first-time-buyers-on-the-sidelines-11638445072
U.S. Firms Battle Higher Inflation and Worker Shortages, Fed Survey Shows
Reuters, Dec. 1, 2021–Lindsay Dunsmuir, Ann SaphirThe U.S. economy expanded at a modest-to-moderate pace in October and the first half of November while firms grappled with rising inflation and a …
November Surprise: Fed May Accelerate Tapering
National Mortgage Professional, Dec. 1, 2021–David KrechevskyNewly reappointed Federal Reserve Chairman Jerome Powell had a November surprise for Congress on Tuesday, telling the Senate Banking Committee that during its next …
Clever Raises $8M to Expand Mortgage Platform
HousingWire, Dec. 1, 2021–Flavia Furlan NunesOnline real estate platform Clever has raised $8 million in a Series B funding round to expand its team and accelerate its mortgage efforts, the …
Mr. Cooper Feeling a Bit More Bullish About 4Q21. EBOs Help
Inside Mortgage Finance, Dec. 1, 2021–Paul MuoloMr. Cooper, the nation’s 12th largest originator, disclosed in a new public filing Wednesday morning that it’s feeling more optimistic about its financial performance …
Mortgage Refinance Demand Plunged 15% Last Week, But Could Now Reverse
CNBC, Dec. 1, 2021–Diana OlickMortgage rates rose decisively again for most of last week, causing a massive drop in mortgage demand, the Mortgage Bankers Association reported, but late in the …