Wall Street Journal, Dec. 9, 2020–Gwynn Guilford (subscription)The number of job openings in the U.S. edged down slightly in the first week of December, a sign of a softening labor …
Category: Top National News
A Biden CFPB Could Put Pressure on Mortgage Servicers
American Banker, Dec. 8, 2020–Kate Berry (subscription)Mortgage servicing could face increased scrutiny early next year as the incoming Biden administration and some states are expected to take a harder line …
What Does the Adverse Market Fee Mean for the Housing Industry?
Builder, Dec. 9, 2020–Nicollette Chapman“The [Mortgage Bankers Association] has been a great advocate for our members and our industry to ensure there’s ongoing collaboration with the FHFA and the GSEs …
Mortgage Rates Set 14th Record Low of the Year, Driving Even More Refinance Demand
CNBC, Dec. 9, 2020–Diana OlickMortgage applications to refinance rose 2% last week from the previous week, and an eye-popping 89% higher from a year ago, according to the Mortgage Bankers …
LIBOR is Being Phased Out in 2021. What Now?
HousingWire, Dec. 8, 2020–Tim GlazeMortgage lenders are preparing for the end of LIBOR, which is set to be phased out by the end of 2021.https://www.housingwire.com/articles/libor-is-being-phased-out-in-2021-what-now/
Biden to Pick Rep. Marcia Fudge of Ohio for HUD Secretary
Washington Post, Dec. 8, 2020–Seung Min Kim, Matt ViserPresident-elect Joe Biden plans to nominate Rep. Marcia L. Fudge (D-Ohio) to lead the Department of Housing and Urban Development, sources said. …
Biden to Pick Rep. Marcia Fudge of Ohio for HUD Secretary
Washington Post, Dec. 8, 2020–Seung Min Kim, Matt ViserPresident-elect Joe Biden plans to nominate Rep. Marcia L. Fudge (D-Ohio) to lead the Department of Housing and Urban Development, sources said. …
Mortgage Servicers are Losing 80% of Borrowers–Black Knight
Mortgage Professional America, Dec. 8, 2020–Candyd MendozaQ3 was a banner quarter for origination volumes. But mortgage servicers have lost the business of refinancing more than 80% of homeowners as they …
Digital Lender SoFi Contemplating IPO
HousingWire, Dec. 8, 2020–James KleimannThe lender was last valued at $4.8 billion after a funding round last year. While it is best known for refinancing student loans, the startup also …
Companies Face New Pressures to Diversify Boards. It’s Sensitive
Wall Street Journal, Dec. 7, 2020–Chip Cutter (subscription)One of the biggest board recruiting rushes in U.S. corporate history is set to commence, and it is likely to be a delicate …