HousingWire, Oct. 8, 2020–Kelsey RamirezMonths after taking a back seat at the Association of Independent Mortgage Experts, former Chairman Anthony Casa announced he is officially stepping down following the backlash …
Category: Top National News
Southern California Mortgage Brokers Suspected in Fraudulent Loan Applications
Orange County Register, Oct. 8, 2020–Jeff LazersonIs mortgage origination fraud rearing its ugly and damaging head again? Fannie Mae issued a fraud alert to lenders on Tuesday, Oct. 6, warning …
JPMorgan Unveils $30 Billion Push to Bridge Racial Wealth Gap
Wall Street Journal, Oct. 8, 2020–Orla McCaffrey (subscription)JPMorgan Chase said it would extend billions of dollars in additional loans to Black and Latino home buyers and small-business owners as part …
Manhattan Apartments Haven’t Been This Cheap to Rent Since 2013
Bloomberg, Oct. 8, 2020–Oshrat CarmielApartment listings tripled from a year earlier to 15,923, the largest monthly inventory in records dating back to 2006, according to a report Thursday by appraiser …
Federal Reserve Fines Citigroup $400M for ‘Longstanding’ Internal Problems
HousingWire, Oct. 8, 2020–Alex RohaInadequate implementation was found in data quality management and regulatory reporting, compliance risk management, capital planning and liquidity risk management, the Fed announced on Wednesday. Citigroup …
Mortgage Credit Availability Tightens Again as Libor Products Dropped
National Mortgage News, Oct. 8, 2020–Brad Finkelstein (subscription)Lenders continued to tighten mortgage credit in September, not just because of broader economic concerns, but also because they had to remove certain …
Where Trump and Biden Stand on Mortgage Finance
Wall Street Journal, Oct. 8, 2020–Andrew Ackerman (subscription)The incumbent administration eyes returning Fannie Mae and Freddie Mac to private ownership. Democrats would use them to promote affordable housing.https://www.wsj.com/articles/where-trump-and-biden-stand-on-mortgage-finance-11602158413
Industry Leaders Recognize National Cybersecurity Awareness Month
RESPA News, Oct. 7, 2020“As real estate transactions become increasingly digital, cybercriminals continue to get more and more creative in their efforts. It is important that borrowers and the industry …
Mortgage Rates Stay Steady Amid Economic and Political Turmoil
Washington Post, Oct. 8, 2020–Michele LernerMortgage rates stayed steady despite a roller-coaster week in the stock market, largely calmed by Federal Reserve policies stabilizing the housing market the past few …
Mortgage Rates Stay Steady Amid Economic and Political Turmoil
Washington Post, Oct. 8, 2020–Michele LernerMortgage rates stayed steady despite a roller-coaster week in the stock market, largely calmed by Federal Reserve policies stabilizing the housing market the past few …