The Federal Housing Finance Agency, Washington, D.C., announced it would like comments on a proposed rulemaking regarding Fannie Mae and Freddie Mac liquidity requirements.
Category: News and Trends
Apartment Investment Bounces Back in Third Quarter
Freddie Mac, McLean, Va., said its Apartment Investment Market Index turned positive in the third quarter despite contractions in several major metros.
Dealmaker: CBRE Brokers $22M in Industrial, Office Sales
CBRE brokered industrial and office property transactions totaling $22.1 million in the San Diego area.
People in the News Dec. 18, 2020
Promontory MortgagePath LLC, Danbury, Conn., hired Elisha Werner as chief compliance officer for mortgage operations. She will lead compliance efforts for the company’s residential mortgage operations and oversee the regulatory and compliance implementation process including contributing to and testing the company’s compliance controls and digital mortgage origination technology.
November Housing Starts Rise for 3rd Straight Month
November housing starts rose for the third straight month, boosted by builder confidence and strong consumer demand, HUD and the Census Bureau reported yesterday.
Initial Claims Continue to Backslide
Initial claims for unemployment benefits jumped for the second consecutive week, raising concerns about the sustainability of the current economy and raising alarms with unemployment benefits set to expire.
Quote
“Driven by increased demand for more indoor and outdoor space, the second half of the year continues to see more construction, home sales and mortgage originations. Additionally, permits for new single-family construction also rose to 2007 highs, potentially an indication that we might see the increase in homebuilding continue into early 2021.“
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Fed Stays the Course: Monetary Policy ‘Quite Supportive for Housing, Mortgage Markets’
With the economy still suffering and a sharp uptick in coronavirus cases nationwide, the Federal Open Market Committee was widely expected to hold the line during its two-day policy meeting that ended yesterday. And it did.
Bidding Wars Strong for 7th Straight Month; Homes Selling at Fastest Pace in 8 Years
The national median home price rose 14% year over year to $335,519 in November, according to Redfin, Seattle. And in many housing market hotspots, bidding wars persist for more than half of home sales.
Chetan Patel of Verity Global Solutions on Managing Costs in a Transitioning Market
Chetan Patel is COO of Verity Global Solutions, San Antonio, Texas, a provider of highly crafted services spanning the mortgage loan lifecycle. He has more than 25 years of leadership experience in the mortgage industry and has been recognized as an IT All-Star by Mortgage Banking magazine.