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 …
Category: Top National News
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 …
Biden Still Likely to Cut FHA Premiums in the Future, Analysts Say
National Mortgage News, Mar. 31, 2021–Brad Finkelstein (subscription)But private mortgage insurers should not see significant impact on business if a 25 basis point reduction were to occur sometime after 2021, …
FHFA: House Prices Up 12 Percent YOY
National Mortgage Professional, Mar. 30, 2021–Navi PersaudThe Federal Housing Finance Agency’s House Price Index reported a 1% month-over-month increase in home prices for January 2021 and a 12% increase in …
A Slight Drop in Mortgage Rates Didn’t Stop the Bleeding in Refinances
CNBC, Mar. 31, 2021–Diana OlickHigher mortgage rates are hitting the refinance market hard and may finally be taking their toll on homebuyers. Mortgage application volume fell 2.2% last week compared …
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 …
The Hybrid Office is Here to Stay. The Shift Could be More Disruptive than the Move to All-Remote Work
Washington Post, Mar. 30, 2021–Jane McGregorWorkforce experts are bracing for a whole new set of post-pandemic upheavals, in some instances more transformative than the unplanned move to working from home …