Wall Street Journal, Sept. 16, 2020–Orla McCaffrey (subscription)Low mortgage rates have spurred a boom in home refinancing, which in turn has spurred a boom in the issuance of mortgage-backed securities. …
Category: Top National News
Banks Retreat Again from Mortgage Servicing
National Mortgage News, Sept. 16, 2020–Christopher Whalen (subscription)The decline in the bank share of mortgage servicing comes as nonbank lenders are taking the lion’s share of the expansion of volumes. …
Mortgage Demand Fell Last Week as Interest Rates Stalled
CNBC, Sept. 16, 2020–Diana OlickWith no major move in mortgage rates, there was no sudden incentive to refinance a home loan last week, so fewer people did. That drove overall …
Commercial Real Estate Veteran Says The Workplace Isn’t Going Away—If Anything, It’s Expanding
D Magazine (Dallas), Sept. 15, 2020–Billy GannonTaking note from Amazon and Facebook, Transwestern Senior Vice President Billy Gannon shares three reasons it’s important to safely return to work.https://www.dmagazine.com/commercial-real-estate/2020/09/commercial-real-estate-veteran-says-the-workplace-isnt-going-away-if-anything-its-expanding/
Does It Matter Who Your Mortgage Loan Servicer Is?
The Mortgage Reports, Sept. 15, 2020–Valencia HigueraMortgage servicing companies matter more than ever. When you do need help from your mortgage servicer — for instance, to remove PMI or request …
Lower-Credit Homeowners Weigh Heavily on U.S. Mortgage Market
Bloomberg, Sept. 15, 2020 –Christopher MaloneyAlmost twice the percentage of Ginnie Mae borrowers have demanded forbearance compared to conventional ones, according to a Mortgage Bankers Association report Monday.https://www.pe.com/2020/09/15/lower-credit-homeowners-weigh-heavily-on-u-s-mortgage-market/
Mortgage Lending Volume in 2020 Likely to Break Records
HousingWire, Sept. 15, 2020–Kathleen HowleyFannie Mae, the world’s largest mortgage financier, said mortgage lending this year probably will reach a record high $3.9 trillion, boosted by $2.4 trillion in refis.https://www.housingwire.com/articles/mortgage-lending-volume-in-2020-likely-to-break-records/?
Will Changes at Fannie Mae and Freddie Mac Mean Higher Mortgage Rates?
Bankrate.com, Sept. 16, 2020–Peter MillerIn August, Fannie and Freddie announced that refinancing borrowers would have to pay a new charge, a 0.5 percent “adverse market refinance” fee starting Sept. 1. …
Will Changes at Fannie Mae and Freddie Mac Mean Higher Rates?
Bankrate.com, Sept. 15, 2020–Peter G. Miller“I cannot make a single argument in support of the GSEs’ decision to impose a 50 basis point price increase on all refinances, effective Sept. …
Judy Shelton Lacks Confirmation Votes for Fed Board, Thune Says
Bloomberg, Sept. 15, 2020–Laura LitvanJudy Shelton, President Donald Trump’s controversial nominee for the Federal Reserve board, doesn’t yet have enough support in the Republican-controlled Senate to win confirmation, said Senator …