Consumers should be informed and aware that, even after the rate on their loan is locked and before it
closes, they have the option to move up and down the rate stack (as above) that was originally used to
lock their loan.
Category: News and Trends
FHFA Extends COVID-19 Multifamily Forbearance through June 30
The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, subject to the continued tenant protections FHFA imposed during the pandemic. The programs were set to expire March 31.
Dealmaker: Sands to Sell Las Vegas Properties for $6.25B
Las Vegas Sands Corp. agreed to sell its Las Vegas real property and operations including The Venetian Resort Las Vegas and the Sands Expo and Convention Center for $6.25 billion.
Unemployment Insurance Claims Rise, But Trend Lower
Initial claims for unemployment insurance rose for the sixth time in the past seven weeks, the Labor Department reported yesterday, but overall claims continued to trend lower with spring approaching.
MBA Urges Senate to Approve Marcia Fudge as HUD Secretary
The Mortgage Bankers Association sent a letter this week urging the Senate to approve Marcia Fudge, the Biden Administration’s nominee as HUD Secretary.
MBA Letter Urges Senate to Approve Provisions in Coronavirus Relief Package
The Mortgage Bankers Association sent a letter this week to Senate leadership urging support for a number of provisions in H.R. 1319, the American Rescue Plan Act of 2021, a $1.9 trillion economic stimulus package that passed the House last week.
Lowering the Cost of Rental Housing
Local governments need to adopt “comprehensive and balanced” housing strategies to ensure everyone can access a stable and affordable place to live, said the Lincoln Institute of Land Policy, Cambridge, Mass.
MISMO Seeks Public Comment on Life of Loan Product, Commercial Appraisal Dataset
MISMO® announced Thursday it is seeking public comment on the MISMO Life of Loan Business Model and MISMO Engineering Guidelines (MEG) 3 and 6. The 60-day public comment period for MISMO Life of Loan Version 2020.12 runs through April 23.
Nicole Berg: 10 Skills You Need to Move from Processor to Underwriter
There is more to being an underwriter than learning guidelines. Based on my experience managing people moving from processor to underwriter, there are hard and soft skills you need before you can transition from Processor to Underwriter.
People in the News Mar. 5 2021
TIAA, New York, named Thasunda Brown Duckett to succeed Roger W. Ferguson Jr. as President and CEO.