Mortgage applications fell by 1.3 percent from one week earlier as key mortgage rates jumped to their highest rate since last July, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending March 5.
Category: News and Trends
Rana Fleming of Genworth Mortgage Insurance on the Critical Role Homeowner Assistance Programs Play During a Pandemic
Rana Fleming is Director of Homeowner Assistance and Servicer Reporting with Genworth Mortgage Insurance, Raleigh, N.C. She joined Genworth in 2012.
Matt Hydrew: Incubate, not Originate!
Incubate, not originate is about making the most out of each lead, not just adding more leads into the funnel. Incubation takes time. It starts with making sure borrowers are credit-ready and remain credit-ready until they reach the closing table. It starts at the top of the funnel and it keeps borrowers in your pipeline.
MBA Letters Address GSE Liquidity Requirements, ‘Living Wills’
The first letter offers recommendations on how FHFA can improve its framework for codifying new liquidity requirements for Fannie Mae and Freddie Mac. The second letter addresses an FHFA proposal to require Fannie and Freddie to develop and maintain “living wills” in the event one or both of them becomes insolvent.
(Switching Gears) Michael Franco: The Times, They Are A-Changin’—So You Should, Too
If the past year has taught us anything, it’s that Bob Dylan was right—the times they are a-changin’. From the pandemic to the overnight shift to remote work to the rollercoaster ride of the market, no one could have anticipated just how different 2020 turned out versus expectations. But there’s even more change in store in 2021, and businesses will have no choice but to adapt.
Senate Confirms Marcia Fudge as HUD Secretary
The Senate Wednesday afternoon confirmed Marcia Fudge, the Biden Administration’s nominee as HUD Secretary, by a 66-34 vote. The Senate also approved Merrick Garland’s nomination as Attorney General.
MBA Weekly Applications Survey Mar. 10, 2021: Rising Rates Send Applications Down
Mortgage applications fell by 1.3 percent from one week earlier as key mortgage rates jumped to their highest rate since last July, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending March 5.
CFPB: Discrimination Illegal by Lenders on Basis of Sexual Orientation, Gender Identity
The Consumer Financial Protection Bureau yesterday issued an interpretive rule clarifying that prohibition against sex discrimination under the Equal Credit Opportunity Act and Regulation B includes sexual orientation discrimination and gender identity discrimination.
Despite Home-Equity Uptick, Black American Median Home Values Lag Behind
Despite promising data showing substantial gains in home equity, Black Americans still lag well behind other demographic cohorts, according to a new report from Redfin, Seattle.
Data Centers Seeing Strong Capital Inflow
Data centers, once a niche investment, have grown into a cornerstone of the information economy and are seeing considerable investment, analysts said.