Mortgage Professional America, Oct. 30, 2020–Clayton JarvisOne issue that has received little attention thus far in the election cycle is housing, specifically the future of GSEs Freddie Mac and Fannie …
Category: Top National News
Will The Election Outcome Impact Record-Low Mortgage Rates?
Forbes, Oct. 30, 2020–Natalie CampisiThe path from mortgage rates to the White House is a circuitous one. There is no direct route, as the president doesn’t control rates, but there …
4 Reasons Mortgage Rates Could Drop Further This Year
Fox Business, Oct. 30, 2020–Rebecca LakeWhile the coronavirus pandemic has financially sideswiped millions of Americans, there is something of a silver lining: current mortgage rates are declining — and homeowners …
Would You Buy a Haunted House?
UExpress, Oct. 30, 2020–Lew SichelmanA lot of people have no desire to live in a haunted manse, no matter where it’s located. In this year’s Halloween-centric poll of 1,500 souls …
Landlords Denied Injunction Against CDC Eviction Moratorium
Bloomberg, Oct. 29, 2020–Chris DolmetschU.S. District Judge J.P. Boulee in Atlanta on Thursday rejected a motion for a preliminary injunction brought by a nonprofit called the New Civil Liberties Alliance …
Fannie Mae Finalizing Plans for Switch to Hedge Accounting
National Mortgage News, Oct. 29, 2020–Bonnie Sinnock (subscription)The upcoming shift may help to prepare the government-sponsored enterprise for a conservatorship exit by reducing interest-rate volatility in Fannie’s earnings.https://www.nationalmortgagenews.com/news/fannie-mae-finalizing-plans-for-switch-to-hedge-accounting
With Markets in Turmoil, Caliber and Amerihome Delay IPOs
HousingWire, Oct. 29, 2020–James KleimannOn the day that the Dow Jones Industrial Average dropped 943 points, Caliber Home Loans made the decision to delay its initial public offering. And AmeriHome …
With ARM Rates Falling Below Fixed Mortgages, Are Adjustables Making a Comeback?
Bankrate.com, Oct. 29, 2020–Zach WichterBankrate spoke to Dan Fichtler, the Mortgage Bankers Association’s associate vice president of housing finance policy about what the new, lower ARM rates mean for consumers.https://www.bankrate.com/mortgages/are-adjustables-arms-making-a-comeback/
New Mortgages Predicted to Break All-Time Record in 2021
Orange County Register, Oct. 29, 2020–Jeff LazersonHold onto your hats, because if mortgage bankers are correct, home sales are going to crush it next year with mortgage originations predicted to …
Big Banks Have Benefited Under Trump. Their Employees Give More to Biden
American Banker, Oct. 29, 2020–Neil Haggerty (subscription)The industry has enjoyed lower tax rates and regulatory relief during the current administration, but individual donations from the eight largest banks favor the …