American Banker, Nov. 12, 2020–Kate Berry (subscription)As it attempts to craft policy on access to consumers’ financial account information, the agency is wading into a battle between those who want …
Category: Top National News
Why There is Housing Weakness Hiding Behind Positive Job Numbers
Mortgage Professional America, Nov. 12, 2020–Dave KitaiJoel Kan, associate vice president of economic & industry forecasting for the Mortgage Bankers Association (MBA), still sees positivity ahead for the job market, …
FHFA Will Continue to Buy Loans in Forbearance Through Dec. 31
HousingWire, Nov. 12, 2020–Alex RohaThe Federal Housing Finance Agency announced on Thursday that Fannie Mae and Freddie Mac will continue to buy qualified loans in forbearance, extending the temporary policy …
2021 Predictions from Originators
National Mortgage News, Nov. 12, 2020–Brad Finkelstein (subscription)With an unusually high number of unknowns to factor in, mortgage industry leaders offer a peek at their playbooks for the next year.https://www.nationalmortgagenews.com/news/2021-predictions-from-originators
Fed Chair Powell Says Rising Virus Cases Could Challenge Economic Recovery
Wall Street Journal, Nov. 12, 2020–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell said it is too soon to say how progress in the global hunt for a coronavirus vaccine will …
The Housing Market is Sizzling, and Rocket Mortgage is Cashing In
CNN Business, Nov. 12, 2020–Matt EganIt’s an amazing time to be a mortgage lender. The pandemic has set off an epic rush to buy homes and an urgent need for …
Mortgage Rates Climb on News of Coronavirus Vaccine Breakthrough
Washington Post, Nov. 12, 2020–Michele LernerMortgage rates rose last week, according to a Freddie Mac survey released Thursday, amid a mixed stock market sparked by investors reacting to a breakthrough …
Housing Stocks Look Sound, But Trader Warns of Weaknesses Starting to Form
CNBC, Nov. 12 2020–Michael AffigneHousing stocks could be on shaky ground. Housing stocks managed to finish mostly higher on Wednesday, despite demand for mortgage applications falling to its lowest level …
Mortgage Rates Rise From Record Lows on Vaccine News, Election Results
MarketWatch, Nov. 12, 2020–Jacob PassyAfter falling to another record low last week — the 12th record low of this year — mortgage rates rose this week in response to the …
Mortgage Rates Climb on News of Coronavirus Vaccine Breakthrough
Washington Post, Nov. 12, 2020–Michele LernerMortgage rates rose last week, according to a Freddie Mac survey released Thursday, amid a mixed stock market sparked by investors reacting to a breakthrough …