Washington Post, Dec. 3, 2020–Rachel SiegelThe Senate on Thursday confirmed Christopher J. Waller to the Federal Reserve Board of Governors, in what could be President Trump’s last addition to the …
Category: Top National News
Pandemic Making it Harder for Self-Employed Borrowers to Get a Mortgage
Orange County Register, Dec. 3, 2020–Jeff LazersonStarting Dec. 14, Fannie Mae will require self-employed borrowers to cough-up the most recent three months of business bank statements to support the level …
Mortgage Rates Sink to Record Lows Again
Washington Post, Dec. 3, 2020–Kathy OrtonThe 30-year fixed mortgage rate, the most popular loan product, sank to its lowest level on record this week, marking the 14th historic low it …
Explaining the Frenzy in the Housing Market
New York Times, Dec. 3, 2020–Issi RomemEver since the housing market has emerged from its pandemic-driven freeze in late spring, there has been a frenzy of home buying and a …
The Housing Market Outlook for 2021
HousingWire, Dec. 2, 2020–Mike Fratantoni (subscriber article)After an unprecedented year, MBA Chief Economist Mike Fratantoni says there’s no place like home. Here is his 2021 housing market forecast.https://www.housingwire.com/articles/the-housing-market-outlook-for-2021/
E-Commerce Surge Spawns $2 Billion Warehouse Deal
Wall Street Journal, Dec. 3, 2020–Konrad Putzier (subscription)Stockbridge Capital Group and a South Korean partner said Wednesday they have acquired a portfolio of 23 warehouses in the U.S. in one …
Delinquent Homeowners in Neighborhoods of Color Are Less Likely to Be Protected by Forbearance
Urban Institute, Dec. 2, 2020–Michael Neal, Caitlin YoungBorrowers who are delinquent but not in forbearance are “unprotected homeowners,” and large share of them live in predominantly Black and Hispanic neighborhoods.https://www.urban.org/urban-wire/delinquent-homeowners-neighborhoods-color-are-less-likely-be-protected-forbearance
The Housing Market Outlook for 2021
HousingWire Plus, Dec. 2, 2020–Mike FratantoniAfter an unprecedented year, MBA Chief Economist Mike Fratantoni says there’s no place like home. Here is his 2021 housing market forecast.https://www.housingwire.com/articles/the-housing-market-outlook-for-2021/
Finance of America 3Q Net Income Rises on Record Forward Loan Volume
National Mortgage News, Dec. 2, 2020–Brad Finkelstein (subscription)Originations from all sources, including commercial and reverse mortgages, total $9.2 billion.https://www.nationalmortgagenews.com/news/finance-of-america-q3-2020-earnings-analyzed
Senate Moves to Confirm Trump Fed Nominee Waller, But Shelton’s Candidacy Hits Likely Dead End
Wall Street Journal, Dec. 2, 2020–Nick Timiraos (subscription)Senate Republicans’ bid to confirm Judy Shelton as a Federal Reserve governor appears unlikely to succeed now that a new Democratic senator has …