HousingWire, Mar. 30, 2021–Sarah WheelerThe Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM …
Category: Top National News
Mortgage Tech Firms Upgrade Business Development Tools as Volume Slows
National Mortgage News, Mar. 30, 2021–Brad Finkelstein (subscription)Point of sales providers are bringing improvements to their systems as loan officers look for ways to keep their pipelines active.https://www.nationalmortgagenews.com/news/blend-black-knight-and-embrace-launch-new-tech-tools
Yellen Plans to Reinvigorate Financial Risk Panel
Wall Street Journal, Mar. 31, 2021–Kate Davidson, Andrew Ackerman (subscription)Treasury Secretary Janet Yellen will lead her first meeting Wednesday of the Financial Stability Oversight Council, focusing on a variety of …
Mortgage Rate Increase Hits Lenders as Refinancing Surge Fizzles
Bloomberg, Mar. 30, 2021–Prashant Gopal, Shahein NasiripourAfter the best year ever in 2020, U.S. mortgage lenders have hit a snag.https://www.bloomberg.com/news/articles/2021-03-30/mortgage-rate-increase-hits-lenders-as-refinancing-surge-fizzles?srnd=premium
Tina Johnson: How the Mortgage Industry Can Better Serve Low-to-Moderate Income Communities
MortgageOrb, Mar. 30, 2021–Michael BatesMortgageOrb interviewed Tina Johnson, North Tulsa native and mortgage sales manager of the new Gateway mortgage center, to gain a better understanding of how lenders can …
Will Senate Vote on CFPB Chief Come Down to Tiebreaker?
National Mortgage News, Mar. 30, 2021–Neil Haggerty (subscription)The tie vote in the Senate Banking Committee earlier this month on Rohit Chopra’s nomination as Consumer Financial Protection Bureau director made clear …
Older Millennials Are Closing the Wealth Gap With Their Parents
Wall Street Journal, Mar. 30, 2021–Rachel Louise Ensign (subscription)Americans in their 30s are starting to bridge the wealth gap with prior generations, though Black millennials still lag far behind, according …
Forbearances Fall Below 5 Percent For The First Time In A Year
National Mortgage Professional, Mar. 30, 2021–Navi PersaudThe Mortgage Bankers Association’s Forbearance and Call Volume Survey reported that the share of mortgage loans in forbearance has fallen to 4.96% as of …
5 Questions for Mortgage Bankers Association’s CFO on Improving Inclusion
National Mortgage News, Mar. 30, 2021–Paul Centopani (subscription)With more than two decades of experience in financial services, the Mortgage Bankers Association’s senior vice president, chief financial officer and chief diversity …
Refi Slowdown Means No More ‘Lazy Mode’ for Mortgage Lenders
American Banker, Mar. 29, 2021–Jim Dobbs (subscription)Over the past year, bankers have been able to sit back and field calls from borrowers eager to take advantage of low rates. Now, …