Fox Business, Dec. 18, 2020–Angela BrownHere are two reasons mortgage rates could rise soon: economic recovery; and distribution of COVID-19 vaccines.https://www.foxbusiness.com/money/mortgage-rates-rise-reasons
Category: Top National News
Olive Garden, Other Chains Suffer New Losses During Latest Covid-19 Surge
Wall Street Journal, Dec. 18, 2020–Heather Haddon (subscription)Restaurant chains are showing signs of fresh stress this week as the latest coronavirus surge fuels new sales losses.https://www.wsj.com/articles/olive-garden-other-chains-suffer-new-losses-during-latest-covid-19-surge-11608312867?mod=hp_lista_pos4
Should Tellers and Loan Officers be Near Front of Line for COVID Vaccines?
National Mortgage News, Dec. 18, 2020–Jon Prior (suscription)Bank and credit union trade groups have pressed federal officials to include tellers and loan officers in that group. But the industry faces …
Look Beyond Detached Houses
UExpress, Dec. 18, 2020–Lew Sichelman People shopping for new, more spacious single-family houses where they can hunker down during the pandemic may be overlooking places that meet most, if not …
As Spikes in Premiums Derail Deals, How Can You Avoid Risks?
Mortgage Professional America, Dec. 18, 2020–David KitaiReinsurance rates, which have stayed low for around the last 10 years, are starting to climb, especially in geographies exposed to hurricane or wildfire …
Mortgage Rates Keep Falling, Hitting Another Record Low
Bankrate.com, Dec. 17, 2020–Jeff OstrowskiMichael Fratantoni, chief economist at the Mortgage Bankers Association, says mortgage rates will start rising soon. For now, he calls the disconnect between the economic outlook …
Bill’s Passage Widens Pool of Potential VA Mortgage Applicants
National Mortgage News, Dec. 17, 2020–Bonnie Sinnock (subscription)The Johnny Isakson and David P. Roe Veterans Health Case and Benefits Improvement Act includes a provision that extends eligibility for VA loans …
Regulator Ends Debt-Ratio Standard for Mortgage Approvals
Orange County Register, Dec. 17, 2020–Jeff LazersonIn response to the 2007-10 mortgage crisis when disingenuous standards ruled the roost, the Consumer Financial Protection Bureau (effectively the mortgage police) moved to …
The Next Coronavirus Front: Evictions and Foreclosures
HousingWire, Dec. 17, 2020–Jonathan T. ReckfordThe author says various forms of housing payment assistance have been included in COVID relief proposals, including some rental assistance in a recent bipartisan proposal, …
New York’s Plummeting Real Estate Sales Cost City $1.2 Billion
Bloomberg, Dec. 17, 2020–Oshrat CarmielThe pandemic’s slowdown in real estate deals has cost New York City $1.2 billion in lost revenue so far this year.https://finance.yahoo.com/news/york-plummeting-real-estate-sales-184606317.html