National Mortgage News, Feb. 18, 2021–Bonnie Sinnock (subscription)Initial earnings released by the newly public loanDepot on Thursday put a little downward pressure on its stock, but the price remains above …
Category: Top National News
Fannie, Freddie Reap Billions from ‘Adverse Market’ Fee
Orange County Register, Feb. 18, 2021–Jeff LazersonFannie Mae and Freddie MAc funded about 1.2 million adverse market qualified refinance mortgages totaling $350 billion from Dec. 1 through Jan. 31, according …
California Bill Would Lean on Cities to Build Multifamily Housing
San Francisco Chronicle, Feb. 18, 2021–Alexei KoseffCalifornia State Sen. Scott Wiener will seek to loosen restrictions on how much Californians can build on lots zoned for multifamily housing, hoping to …
CAR: Housing Affordability For Black California Households Is Half Of Whites
National Mortgage Professional, Feb. 18, 2021–Navi PersaudThe California Association of Realtors reported that less than half of Black households earned the minimum income needed to purchase a home, compared to …
Fed’s Brainard: Climate Change Already Affecting Economy, Financial System
Wall Street Journal, Feb. 18, 2021–Michael S. Derby (subscription)Federal Reserve governor Lael Brainard said Thursday the economy and financial system are already being affected by climate change, and said the …
Marriott Posts First Annual Loss Since 2009
Wall Street Journal, Feb. 18, 2021–Dave Sebastian (subscription)Marriott International Inc. ended 2020 with a loss of $267 million—its first annual loss since 2009, and second largest on record—as the company …
Mortgage Rates Shoot Up to Highest Levels Since Mid-November
Washington Post, Feb. 18, 2021–Kathy OrtonMortgage rates came out of their doldrums in a big way this week. According to the latest data released Thursday by Freddie Mac, the 30-year …
MBA’s Marcia Davies on the Power of Supporting Women
HousingWire, Feb. 18, 2021–Victoria WickhamMarcia Davies, chief operating officer at the Mortgage Bankers Association and HousingWire Women of Influence winner, talks about the power of leadership and what women can …
Unintended Consequence of Dodd-Frank Has Left a $1 Trillion Gap in the US Housing Market
Mortgage Professional America, Feb. 18, 2021–David KitaiA fundamental premise of today’s housing and mortgage markets is that there is not nearly enough supply for the demand that’s out there. While …
Mortgage Rates Today – Cash-Out Refis Help Drive Pandemic-Era Mortgage Boom
Fintech Zoom, Feb. 17, 2021–Jung Min-seoA fuller picture of the factors that drove the great U.S. mortgage boom of 2020 is starting to emerge.https://fintechzoom.com/fintech_news_mortgage-rates-today/mortgage-rates-today-cash-out-refis-help-drive-pandemic-era-mortgage-boom/