Bloomberg, Dec. 16, 2020–Nikki EksteinIn the last week, a window seems to have opened for the hard-hit hotel industry. On Dec. 11, the same day that Pfizer’s vaccine was approved …
Category: Top National News
Refinance Demand Jumps 105% Annually, As Mortgage Rates Set 15th Record Low of 2020
CNBC, Dec. 16, 2020–Diana OlickTotal mortgage application volume increased 1.1% week-to-week according to the Mortgage Bankers Association’s seasonally adjusted index.https://www.cnbc.com/2020/12/16/refinance-demand-jumps-105percent-annually-as-mortgage-rates-set-record-low.html
American Business Media Acquires Mortgage Banker, Mortgage Women Magazines
National Mortgage Professional, Dec. 16, 2020–Navi PersaudTwelve 11 Media – the Las Vegas-based publisher of Mortgage Banker magazine and Mortgage Women magazine – today announced that its operations have been …
Ginnie Mae Provides More Leeway for Libor-Indexed Reverse Mortgages
National Mortgage News, Dec. 16, 2020–Bonnie Sinnock (subscription)The deadline for inclusion in Ginnie mortgage-backed securities has been extended and an exception will be made for some participations.https://www.nationalmortgagenews.com/news/ginnie-mae-provides-more-leeway-for-libor-indexed-reverse-mortgages
NEXA Mortgage Sued over Broker’s Alleged Data Theft
HousingWire, Dec. 16, 2020–James KleimannIn a lawsuit filed last week, Smart Mortgage claimed one of its former loan officers stole a database containing client names and information and brought it …
Is the Pandemic-Driven Suburban Shift Overstated?
Mortgage Professional America, Dec. 16, 2020–David KitaiMark Fleming, chief economist at First American, thinks we could be overstating the shift as a nationwide phenomenon, rather than something impacting a few …
U.S. Shoppers Pull Back Spending at Start of Holiday Season
Commercial/multifamily mortgage debt outstanding rose by $57.0 billion (1.5 percent) in the third quarter, the Mortgage Bankers Association reported this morning.
December Fed Meeting to Focus on Asset Purchases
Wall Street Journal, Dec. 16, 2020–Nick Timiraos (subscription)Federal Reserve officials resume deliberations Wednesday about how to communicate their plans to support the economy with large-scale bond buying.https://www.wsj.com/articles/december-fed-meeting-to-focus-on-asset-purchases-11608114600?
The Nail in the Coffin for Ending GSE Conservatorship Under Trump?
HousingWire, Dec. 15, 2020–Kelsey RamírezIn a letter Monday to U.S. Treasury Secretary Steven Mnuchin, the Mortgage Bankers Association and other housing industry associations expressed their opposition to a swift end …
December Fed Meeting to Focus on Asset Purchases
Wall Street Journal, Dec. 16, 2020–Nick Timiraos (subscription)Federal Reserve officials resume deliberations Wednesday about how to communicate their plans to support the economy with large-scale bond buying.https://www.wsj.com/articles/december-fed-meeting-to-focus-on-asset-purchases-11608114600?