Bloomberg, Apr. 1, 2021–Rich MillerThe U.S. economic recovery from the pandemic collapse is starting off a lot hotter but could end up cooling much sooner than the record 10-1/2-year long …
Category: Top National News
March Commercial Mortgage Performance Was Strongest in Nearly a Year
National Mortgage News, Apr. 1, 2021–Brad Finkelstein (subscription)Commercial and multifamily loan performance in March was its best in nearly one year, but there was a slight month-to-month uptick in payments …
CFPB Rescinds Policy Statements To Ensure Industry Compliance With Consumer Protection Laws
National Mortgage Professional, Apr. 1, 2021–Navi PersaudWhen the COVID-19 pandemic initially hit, the Consumer Financial Protection Bureau issued a number of temporary flexibilities to financial institutions in consumer financial markets …
Mortgage Rates Continue their Climb with Seventh Consecutive Increase
Washington Post, Apr. 1, 2021–Kathy OrtonMortgage rates slowed but did not stop their upward march this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate …
How Much Higher Can Home Prices Go?
Orange County Register, Apr. 1, 2021–Jeff LazersonExperts are positive on continued home prices gains. But rising mortgage rates could curb home sales and trigger price drops, they warn. (MBA mention)https://www.ocregister.com/2021/04/01/how-much-higher-can-home-prices-go/
CFPB Reverses Pandemic Flexibilities, Vowing Enforcement
HousingWire, Mar. 31, 2021–Alex RohaThe Consumer Financial Protection Bureau announced Wednesday it is rescinding seven of its temporary policies put in place to protect consumers during the pandemic. The seven …
Vacation-Home Buyers Propped Up the Mortgage Market. Now They Face a Test
Wall Street Journal, Apr. 1, 2021–Ben Eisen, Andrew Ackerman (subscription)The pandemic set in motion a furious scramble to buy vacation homes. Now, curbs on financing those purchases will test that …
What’s in Biden’s $2 Trillion Jobs and Infrastructure Plan?
Washington Post, Mar. 31, 2021–Rachel SiegelPresident Biden unveiled a $2 trillion jobs and infrastructure plan Wednesday to address some of the country’s most pressing problems, including damaged bridges, unequal broadband …
Mortgages a ‘Good Place’ to be Overweight, TCW’s Flack Says: Q&A
Bloomberg, Mar. 31, 2021–Christopher MaloneyMitch Flack, a managing director at TCW Group Inc., says that due to agency mortgage bonds’ robust liquidity and lack of credit concerns, the sector is …
Flagstar Makes Final Payment Tied to Longstanding Mortgage Settlement
American Banker, Mar. 31, 2021–Jim Dobbs (subscription)Flagstar Bancorp in Troy, Mich., has resolved a longstanding issue with the Justice Department.The $31 billion-asset company disclosed in a regulatory filing Tuesday that …