Minneapolis Star-Tribune, Jan. 4, 2021–Nicole NorfleetAfter falling months behind on the mortgage of the Mall of America during the onset of the COVID-19 crisis, the mall’s owner has modified the …
Category: Top National News
‘COVID, COVID, COVID’: Pandemic Set to Dominate ’21 Banking Agenda on Hill
American Banker, Jan. 4, 2021–Neil Haggerty (subscription)The Georgia runoffs and resulting balance of power in Congress will help determine which bills on bankers’ wish list gain traction. But regardless, existing …
Fed’s Evans Sees Long Period of Accommodative Monetary Policy
Reuters, Jan. 4, 2021–Ann SaphirChicago Federal Reserve President Charles Evans on Monday had a message for markets: vaccines may bring the coronavirus pandemic under control this year, but the U.S. …
Brookfield Bids to Take Brookfield Property Partners Private
Bloomberg, Jan. 4, 2021–Scott DeveauBrookfield Asset Management Inc. and a group of investors have offered to acquire the stake in Brookfield Property Partners that they don’t already own, in a …
How Focused Should Mortgage Pros Be on Refis This Year?
Mortgage Professional America, Jan. 4, 2021–David KitaiWide gulfs of opinion exist between those who believe the refinance pipelines that made mortgage pros rich in 2020 will keep flowing through 2021, …
Why Paying Off Your Mortgage Isn’t Necessarily a Given
Washington Post, Jan. 4, 2021–Justin PierceMany Americans dream of holding their home’s title in their hand, but owning your home outright or having a lot of equity in your home …
Good News for Self-Employed Borrowers: Nonqualifying Mortgages are Staging a Comeback
Washington Post, Jan. 4, 2021–Kathy OrtonAfter cratering in March, underwriting of non-QM loans has picked up. (MBA mention)https://www.washingtonpost.com/business/2021/01/04/good-news-self-employed-borrowers-non-qualifying-mortgages-are-staging-comeback/
Lykken on Lending: MBA Chief Economist Mike Fratantoni
Lykken on Lending, Jan. 5, 2020–David LykkenMBA Chief Economist Mike Fratantoni discusses the 2021 outlook for the mortgage industry and the economy.https://www.blogtalkradio.com/lykkenonlending/2021/01/04/1-4-21-a-2021-economic-forecast
Turning 21 and Ready to Rock!
National Mortgage Professional, Jan. 2020–Lew Sichelman, pps. 33-36Housing experts say in concert that the mortgage and real estate fields are going to be big hits this year. (MBA mention)https://issuu.com/ambizmedia/docs/nmp_january_2021_issuu?fr=sNjFjZDI1ODc4NTM
Judy Shelton for Fed Is Among Trump Nominations Sent to Senate
Bloomberg, Jan. 3, 2020–Ana MonteiroThe Trump administration again nominated Judy Shelton to be a member of the board of governors of the Federal Reserve, almost two months after previous efforts …