Wall Street Journal, Nov. 29, 2020–Ken Thomas, Kate Davidson (subscription)President-elect Joe Biden intends to nominate a team of liberal and centrist economic advisers to serve alongside planned Treasury Secretary nominee …
Category: Top National News
High-Balance Loan Limits Soar to Record $822,375 in 2021
Orange County Register, Nov. 25, 2020–Jeff LazersonFor the second year in a row, mortgage caps have set a new record and are officially in the stratosphere, heading for the moon. …
CEO Argues Housing Market’s Dislocation from Economy Can’t Last
Mortgage Professional America, Nov. 25, 2020–Davie KitaiMany mortgage professionals are enjoying their best years ever. The CEO of EasyKnock, Jarred Kessler, though, thinks the party may yet end in disaster.https://www.mpamag.com/news/ceo-argues-housing-markets-dislocation-from-economy-cant-last-240079.aspx
Online Shopping for City Homes is on the Rebound
National Mortgage News, Nov. 25, 2020–Bonnie Sinnock (subscription)The year-over-year increase in monthly page views for properties hit a high for the year in large metropolitan areas as gains in rural …
Fed Officials Discussed Asset Purchase Program at November Meeting
Wall Street Journal, Nov. 25, 2020–Nick Timiraos (subscription)Federal Reserve officials resumed discussions at their policy meeting earlier this month about their purchases of Treasury and mortgage-backed securities, according to minutes …
U.S. Unemployment Claims Rose to 778,000 Last Week
Wall Street Journal, Nov. 25, 2020–Sarah Chaney Cambon (subsription)Jobless claims rose for the second straight week, to 778,000, a sign the nationwide surge in virus cases was starting to weigh …
Reducing Mortgage Defaults Starts with Beefing Up Housing
American Banker, Nov. 25, 2020–Tobias Peter (subscription)Even if the effects of COVID-19 do not result in a full-fledged housing recession, the current delinquency data warns us that unless federal home …
Another Record-Low Mortgage Rate Just Cause Demand to Jump for Both Refinances and Home Purchases
CNBC, Nov. 25, 2020–Diana OlickMortgage interest rates have set record lows more than a dozen times this year, and last week there was yet another. That caused mortgage application volume …
A New Housing Secretary Will Inherit an Affordability Crisis Deepened by the Pandemic
Marketplace (NPR), Nov. 24, 2020–Amy ScottOne thing this pandemic has revealed is just how critical housing is. Helping people stay in their homes will be at the top of the …
Title Fraud Rose By More than 30% in Q3
HousingWire, Nov. 24, 2020–Kelsey RamirezFundingShield’s Q3 2020 Wire and Title Fraud Analytics report shows a 31.5% increase in wire verification and ownership issues.https://www.housingwire.com/articles/title-fraud-rises-more-than-30-in-q3/