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Real Estate Website Zillow Expands Into the Mortgage Business
CNBC, Apr. 2, 2019--Emma NewburgerReal estate website Zillow on Tuesday announced a new "Home Loans" division that will allow users shopping for mortgages to receive financing directly from the company.
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Bank of America Says It Will Make $5 Billion in Mortgages to Low- and Moderate Income Borrowers
CNBC, Apr. 2, 2019--Hugh SonBank of America said it will help low- and moderate-income people become homeowners by extending $5 billion in mortgages. The five-year "Neighborhood Solutions" program also includes grants for down payments and closing costs and mortgage packages with small down payments.
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How the Golden State is Setting the Tone
Mortgage Media, Apr. 2, 2019California MBA CEO Susan Milazzo talks about the association's efforts and legislation to watch for in her state that could have an impact beyond.
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Trump to Fed Chairman Powell: ‘I Guess I’m Stuck With You’
Wall Street Journal, Apr. 2, 2019--Nick Timiraos, Alex Leary (subscription)President Trump is blaming the Federal Reserve for holding back the economy and stock market despite the central bank's recent decision to do two things he wanted-halt rate increases and stop shrinking its asset portfolio.
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OCC Taps New Head of Large Bank Supervision
HousingWire, Apr. 2, 2019--Jessica GuerinThe Office of the Comptroller of the Currency said Maryann Kennedy will oversee the nearly 800 staff members who supervise the nation's largest banks and federal branches and agencies, which hold more than $10 trillion in total consolidated assets.
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Weekly Mortgage Refinances Spike 39% After Huge Rate Drop
CNBC, Apr. 3, 2019--Diana OlickWeekly mortgage application volume surged 18.6 percent from the previous week, the Mortgage Bankers Association reported. Refinance applications jumped 39 percent for the week to the highest level since 2016. Volume was 58 percent higher than a year ago, when interest rates were higher.
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HUD’s Carson Touts Affordable Housing Strategies in MBA Speech
National Mortgage Professional, Apr. 3, 2019--Phil HallSpeaking before the Mortgage Bankers Association's National Advocacy Conference in Washington, HUD Secretary Ben Carson highlighted an ongoing economy with "historic highs in employment, job creation and economic growth."
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MBA Education School of Mortgage Banking I Apr. 9-12 in San Antonio
MBA Education presents its popular School of Mortgage Banking Course I April 9-12 in San Antonio.
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