Politico, Jan. 10, 2021–Heather Caygle, Sarah FerrisHouse Speaker Nancy Pelosi, D-Calif., told her members in a letter that the House would attempt to pass a measure Monday to call on …
Category: Top National News
Are Treasury, FHFA Running Out of Time to Approve GSE Capital Boost?
American Banker, Jan. 8, 2021–Hannah Lang (subscription)The agency that supervises Fannie Mae and Freddie Mac has pushed for revising an agreement with the Treasury Department allowing the mortgage giants to …
Biden Demands Trillions of Dollars in Aid as U.S. Jobs Drop
Bloomberg, Jan. 8, 2021–Jordan FabianPresident-elect Joe Biden on Friday called for trillions of dollars in immediate further fiscal support, including increased direct payments, in the wake of a continuing wallop …
2021 Means New Challenges for Mortgage Lending
HousingWire, Jan. 8, 2021–Tracy ChonglingWhile the mortgage lending industry has always been an ever-changing profession, we as loan originators have entered a very unprecedented market, with a new landscape paved …
Nonbank Mortgage Jobs Inch Up to Another Series Record
National Mortgage News, Jan. 8, 2021–Bonnie Sinnock (subscription)The estimates in the Bureau of Labor Statistics latest numbers were only marginally higher than the previous month, which may reflect more deliberate …
Non-QM Looks To Bounce Back In 2021
National Mortgage Professional, Jan. 8, 2021–Navi PersaudNonqualified mortgage lenders made serious strides at the end of 2020 to put themselves in a position for success in 2021, following a stall …
Rental Home Construction Climbs as Purchase Prices Surge
Wall Street Journal, Jan. 8, 2021–Ryan Dezember (subscription)There haven’t been so many single-family homes under construction in the U.S. since 2007, yet many of these new houses won’t be for …
New Year Sees 2.74 Million Loans in Forbearance
HousingWire, Jan. 8, 2021–Alex Roha According to the Mortgage Bankers Association, of the cumulative forbearance exits from June 1 through Dec. 27, the average number of borrowers who had made …
Some Lenders Take Referral Fees, Too
UExpress, Jan. 8, 2021–Lew SichelmanThe Consumer Financial Protection Bureau is wondering whether Rocket Homes Real Estate violated the Real Estate Settlement Procedures Act when it charged fees for referring Quicken’s …
Credit Suisse to Report Loss on U.S. Mortgage Case
MarketWatch, Jan. 8, 2021–Giulia PetroniCredit Suisse Group AG said Friday that it expects to book a net loss in the fourth quarter after increasing its provisions for a legal dispute …