MoneyWise, July 20, 2021–Clayton JarvisTumbling mortgage rates just went even lower following news that an unpopular fee on refinances is coming to an end. (MBA mention)https://moneywise.com/mortgages/refinancing/mortgage-rates-fall-refinance-fee
Category: Top National News
It’s Getting Harder to Qualify for a Mortgage
Money Magazine, July 20, 2021–Aly J. YaleAs if rising home prices and stiff competition weren’t enough, homebuyers now face another challenge: Stricter mortgage standards. (MBA mention)https://money.com/harder-to-get-mortgage/
Mortgage Loans in Forbearance Dips to 3.5 Percent in the U.S.
World Property Journal, July 20, 2021–David BarleyThe Mortgage Bankers Association’s latest Forbearance and Call Volume Survey revealed this week that the total number of loans now in forbearance decreased by …
7 Steps to Close the Black-White Homeownership Gap
First Tuesday Journal, July 15, 2021–Amy PerryIn response to this stark contrast between Black and White homeownership rates, the Mortgage Bankers Association has endorsed a detailed 7-point plan proposed by …
What Federal Policy Changes Mean for Mortgage Servicing in H2 2021
National Mortgage News, July 14, 2021–Bonnie Sinnock (subscription)While the potential benefits from the Biden administration’s consolidated control of housing agencies are less clear for servicers than lenders, some believe second-half …
Biden’s FHA Updates To Student Loan Debt Policies Are Anticipated To Help Students With Outstanding Loans Qualify For FHA Mortgage Financing
The Published Reporter, July 14, 2021–Douglas E. JensenAccording to a statement by Mortgage Bankers Association President and CEO Bob Broeksmit, the changes to the FHA student loan policy will enable …
Fannie Mae, Freddie Mac Go All-In on Affordable Housing Lending Following FHFA Revision
Real Estate Business Online, July 13, 2021–John NelsonLast year the Federal Housing Finance Agency made sweeping changes to Fannie Mae and Freddie Mac’s multifamily business pursuits. FHFA now directs the …
Forbearance Exits are Speeding Up
HousingWire, July 13, 2021–Tim GlazeServicers’ forbearance portfolio volume dropped yet again, this time falling 11 basis points to 3.76% in the period ending July 4, according to a survey from …
REITs Pass Midyear Point Up More than 20%
Wealth Management Real Estate, July 12, 2021–David BodamerThe FTSE Nareit All Equity REITs Index was up 21.35 percent through the end of June, outperforming major indices including the S&P 500, …
Preparing for What’s Next as the COVID Mortgage Boom Wanes
National Mortage News, July 9, 2021–Christopher Whalen (subscription)A year now since the peak of secondary spreads for residential mortgages near four percent in summer 2020, there is evidence that the …