Fox Business, Dec. 23, 2020–Lauren BowlingFor mortgage borrowers, looking at the 10-year Treasury rates is more important than most realize. Since mortgage rates often closely align with the 10-year Treasury …
Category: Top National News
Homebuyer Demand for Mortgages Eases to End a Record-Breaking 2020
CNBC, Dec. 23, 2020–Diana OlickMortgage applications to purchase a home fell 5% for the week but were 26% higher than the same week one year ago. Low rates continue to …
‘Troubling Trends’ Could Result in Increased Forbearance Activity
DSNews, Dec. 22, 2020–Phil HallNew data published by the Mortgage Bankers Association has tracked a slight increase in the number of mortgages now in forbearance.https://dsnews.com/daily-dose/12-22-2020/troubling-trends-could-result-in-increased-forbearance-activity
Intercontinental Capital Group to Add 500 Jobs in Charlotte
HousingWire, Dec. 22, 2020–Alex RohaNew York-based mortgage lender InterContinental Capital Group plans to make a big investment in Charlotte, N.C.https://www.housingwire.com/articles/intercontinental-capital-group-to-add-500-jobs-in-charlotte/
How Mortgage Fintechs are Using AI for Equitable Decision-Making
National Mortgage News, Dec. 23, 2020–Brad Finkelstein (Free content)With fair lending expected to be a priority for the Biden administration, lenders may turn to artificial intelligence to ensure both regulatory …
Mortgage Bankers Association Taps Charmaine Brown as New Director of D&I
MortgageOrb, Dec. 22, 2020–Michael BatesMortgage industry veteran Charmaine Brown is the new director of diversity and inclusion for the Mortgage Bankers Association.https://mortgageorb.com/mortgage-bankers-association-taps-charmaine-brown-as-new-director-of-di
RON Transactions Increase 547% in 2020
HousingWire, Dec. 22, 2020–Kelsey RamirezAdoption of remote online notarization soared 547% in 2020, according to a new survey from the American Land Title Association of major vendors working in the …
FHA Extends Forbearance Request Deadline after CSBS Seeks Specifics
National Mortgage News, Dec. 22, 2020–Bonnie Sinnock (subscription)The FHA’s deadline was extended as part of its latest renewal of other coronavirus-related contingencies. The move follows a request from state regulators …
November Was The Most Affordable Month To Buy A Home In 2020
National Mortgage Professional, Dec. 22, 2020–Navi PersaudA report from Redfin.com revealed that November was the most affordable month to purchase a home in 2020. Redfin reports that the median monthly …
Stimulus Deal Likely to Spur Faster Economic Growth Later Next Year
Wall Street Journal, Dec. 22, 2020–Paul Kiernan (subscription)The coronavirus-relief bill passed by Congress on Monday will likely spur a stronger economic recovery in the second half of 2021, though it …