HousingWire, Apr. 9, 2021–Alex RohaDespite proposed rulemaking by CFPB to delay date until 2022, GSEs are bound by their Treasury agreement.https://www.housingwire.com/articles/gses-wont-buy-qm-loans-under-gse-patch-after-july-1/
Category: Top National News
Mortgage Credit Availability Inches Higher in March–MBA
Mortgage Professional America, Apr. 12, 2021–Duffie OsentalMBA’s mortgage credit availability index rose by 0.6% to 125.4 in March, which the association said is indicative of loosening credit.https://www.mpamag.com/news/mortgage-credit-availability-inches-higher-in-march–mba-251928.aspx
Voxtur Acquires Appraisal Software Firm Anow
HousingWire, Apr. 9, 2021–James KleimannCanadian real estate technology company Voxtur Analytics Corp. closed on acquisition of appraisal management software firm Appraisal Now for $30.5 million, the company said this week.https://www.housingwire.com/articles/voxtur-acquires-appraisal-software-firm-anow/
Powell Sees Economy at Inflection Point
Wall Street Journal, Apr. 11, 2021–Paul Kiernan (subscription)Federal Reserve Chairman Jerome Powell said the U.S. economy appears to be at an inflection point, with output and job growth poised to …
Biden’s First Budget Fuels Health, Education Spending in Sharp Change from Trump
Reuters, Apr. 9, 2021–Trevor Hunnicutt, Andrea ShalalPresident Joe Biden asked Congress to sharply increase spending to combat climate change and gun violence and to support education in a budget that …
Home Prices Soar in Frenzied U.S. Market Drained of Supply
Bloomberg, Apr. 9, 2021–Prashant Gopalrices Soar in Frenzied U.S. Market Drained of SupplyLast year’s pandemic housing rush is now this year’s end-of-lockdown feeding frenzy.https://www.bloomberg.com/news/articles/2021-04-09/home-prices-soar-in-frenzied-u-s-market-drained-of-supply?srnd=premium
The American City Isn’t Dead Yet
Mortgage Professional America, Apr. 9, 2021–David KitaiA new report on rental migration in Q1 of 2021 from rental search platform Apartment List points to an interesting development around America’s urban …
As Resort Towns Flourish, Lending Tightens
UExpress, Apr. 9, 2021–Lew SichelmanAs the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid …
A Streamlined Home Refinancing Program Would Lower Monthly Payments and Prevent Defaults
Urban Institute, Apr. 9, 2021–Laurie Goodman, Edward GoldingThe authors say that introducing a new streamlined refinance program could particularly help borrowers with lower credit scores, low incomes, and small loans—who …
SoftBank to Invest $500 Million in Mortgage Startup Better
Wall Street Journal, Apr. 8, 2021–Peter Rudegeair, Maureen Farrell (subscription)SoftBank Group Corp . is investing $500 million in mortgage lender Better as the Japanese investing giant seeks to ride a …