National Mortgage News, Feb. 15, 2021–Brad Finkelstein (subscription)With pandemic conditions in place for a second spring, lenders and brokers discuss the indicators that will reveal whether the market is shifting …
Category: Top National News
President Biden to Extend Mortgage Relief, Ban on Home Foreclosures through June
USA Today, Feb. 16, 2021–Joey GarrisonThe foreclosure moratorium was set to expire March 31 and instead will be in place through June 30. It’s the second time Biden has extended …
Why Data Aggregators Want to Be Regulated by CFPB
American Banker, Feb. 12, 2021–Kate Berry (subscription)As the bureau writes data-sharing rules, the third-party firms that work with fintechs say oversight by the agency would be more efficient — and …
MBA: Q4 2020 Drop in Delinquency Rate Was Largest in History
MortgageOrb, Feb. 12, 2021–Michael Bates“The 92-basis-point drop in the delinquency rate in the fourth quarter was the biggest quarterly decline in the history of MBA’s survey dating back to 1979,” …
How Much Will the Commercial Mortgage Market Grow in 2021?
Mortgage Professional America, Feb. 15, 2021–David KitaiMBA is forecasting commercial and multifamily lending to increase 11% in 2021, bringing total volume up to $486 billion. While this is positive news …
We Need Higher Mortgage Rates to Cool the Housing Market
HousingWire, Feb. 15, 2021–Logan MohtashamiThe years 2020-2024 will have the best housing demographics ever recorded in U.S. history, with the lowest mortgage rates recorded in history. When you have these …
Mortgage Investors Look Back to the Future
Wall Street Journal, Feb. 15 2021–Telis Demos (subscription)A big year for mortgage originators culminated in the Super Bowl, which featured ads for recently public Rocket Cos. and FindAMortgageBroker.com, part of …
United Wholesale Mortgage Moves to Dismiss Broker Lawsuit
HousingWire, Feb. 12, 2021–James KleimannThe Pontiac, Michigan-based wholesale mortgage lender filed a motion this week saying that the three named brokers – Rishi Bhasin, Anne James and Nelson Otero – …
Fannie Mae’s 2020 Earnings Fall Due to COVID-Related Credit Expenses
National Mortgage News, Feb. 12, 2021–Paul Centopani (subscription)The government-sponsored enterprise reported a fourth quarter net income of $4.6 billion, up from $4.2 billion in the third quarter and $4.4 billion …
Fed Details Stress-Test Scenarios for 2021
American Banker, Feb. 12, 2021–Hannah Lang (subscription)Nineteen of the nation’s largest banks must show how they’d withstand pressures in the commercial real estate and corporate debt markets that would accompany …