Fannie Mae and Freddie Mac will not exit federal conservatorship under the Trump Administration; the Federal Housing Finance Agency will leave that decision to the Biden Administration, FHFA said late yesterday.
Category: News and Trends
Industry Briefs Jan. 15, 2021
The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will extend several loan origination flexibilities until February 28. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on January 31.
Clint Salisbury: Great Adaptations–How Mortgage Lenders Conducted Essential Work in 2020
There was more to 2020 for lenders than profit. What was actually going on was a new model being put to the test.
Appetite for Real Estate Continues Despite COVID-19
Many institutional investors expect to increase their allocations to commercial real estate investment, reported the Pension Real Estate Association, Hartford, Conn.
Initial Claims Soar to 5-Month High
Initial claims for unemployment benefit jumped to their highest level since August as continued fallout from the coronavirus pandemic and a stumbling economy kept workers on the sidelines.
Dealmaker: Dwight Capital Finances $114M
Dwight Capital, New York, closed $114 million in financings for multifamily properties.
December New Home Purchase Mortgage Applications Up 42% From Year Ago
The Mortgage Bankers Association’s Builder Application Survey data for December shows mortgage applications for new home purchases edged up by just 0.2 percent from November but improved by 42.2 percent from a year ago.
December New Home Purchase Mortgage Applications Up 42% From Year Ago
The Mortgage Bankers Association’s Builder Application Survey data for December shows mortgage applications for new home purchases edged up by just 0.2 percent from November but improved by 42.2 percent from a year ago.
Quote
“The new home sales market closed out 2020 strongly. Despite the ongoing economic impact of the pandemic, households seeking more space, assisted by low mortgage rates, drove the demand for new homes higher.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
People in the News Jan. 15, 2021
Mid America Mortgage Inc., Addison, Texas, promoted former National Support and Training Director Jemma Pachiano to Chief Operating Officer.