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Mortgage Applications Set a Record for the Third Straight Week…
CNBC, Mar. 20, 2019--Diana OlickTotal mortgage application volume rose 1.6 percent last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Volume was 1.8 percent higher than a year ago.
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Fannie Mae: Home Sales Will Stabilize in 2019
HousingWire, Mar. 20, 2019--Jessica GuerinHome sales will stabilize this year, with a solid labor market and strong household formations driving demand, Fannie Mae's Economic and Strategic Research Group stated in its March outlook.
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Jumbo Mortgages Are Slowing Down, Testing Banks’ Postcrisis Playbook
Wall Street Journal, Mar. 21, 2019--Ben Eisen, Laura Kusisto (subscription)High-end home buyers are turning cautious, a blow to banks that refocused their mortgage businesses around wealthy borrowers in the years after the financial crisis.
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Lack of Diversity at Home Loan Banks ‘Concerning,’ Waters Says
National Mortgage News, Mar. 20, 2019--Hannah Lang (subscription)While the Federal Home Loan Banks have taken steps to improve diversity among boards of directors, members are still largely male and nonminorities, according to a Government Accountability Office report released Wednesday.
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Supreme Court Makes it Harder for Borrowers to Fight Foreclosures in Non-Judicial States
HousingWire, Mar. 20, 2019--Jacob GaffneyLaw firms, mortgage lenders and servicers were just awarded more protection in serving non-judicial foreclosures, according to a recent Supreme Court ruling.
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