HousingWire, Apr. 30, 2021–Alex RohaAfter a record year of mortgage originations, the GSEs released their Q1 earnings for the year on Thursday and Friday, revealing that Fannie Mae and Freddie …
Category: Top National News
Many Black Homeowners Are Falling Further Behind on Their Mortgages
Wall Street Journal, May 2, 2021–Orla McCaffrey (subscription)The share of Black homeowners in forbearance stood at about 11% in mid-April, more than double the overall rate and that of white …
Biden Proposal Would Close Longtime Real-Estate Tax Loophole
Wall Street Journal, Apr. 29, 2021–Will Parker (subscription)President Biden’s new economic plan would eliminate a tax break for many real-estate owners that has enabled them to defer paying capital gains …
Freddie Mac’s 1Q Earnings Show Refis Remained Strong
National Mortgage News, Apr. 29, 2021–Brad Finkelstein (subscription)Only $89 billion of the $362 billion in new single-family volume came from purchase mortgages.https://www.nationalmortgagenews.com/news/freddie-macs-1q-earnings-show-refis-remained-strong
White House Aware of Issues over Investment Properties
HousingWire, Apr. 27, 2021–James KleimannThe federal government is well aware that mortgage lenders and industry stakeholders are frustrated by the 7% cap on second homes and investment properties that was …
Shoppers Return to Malls, With an Urge to Spend
Wall Street Journal, April 27, 2021–Esther Fung (subscription)Vaccinated shoppers are heading back to the mall, offering hope that the worst of the pandemic downturn is over for this beleaguered industry.https://www.wsj.com/articles/shoppers-return-to-malls-with-an-urge-to-spend-11619501737?
Saving for Fraud, Biometrics are the Future of Mortgage
HousingWire, Apr. 27, 2021–John LevonickBetter, faster, cheaper has long been the promise of technology in the mortgage industry. Some may argue whether today’s technology is that much better than the …
Mr. Cooper Works to Resolve Duplicate Payment Draft Errors
National Mortgage News, Apr. 26, 2021–Bonnie Sinnock (subscription)Mr. Cooper on Monday was working on reversing unauthorized duplicate-payment drafts from some of its borrowers’ bank accounts. The drafts did not affect …
Is the Housing Market About to Crash? Here’s Why Experts say the Answer is No
Bankrate.com, Apr. 26, 2021–Jeff OstrowskiThe Mortgage Bankers Association expects rates to rise to 3.7 percent by the end of 2021. That would crimp refinancing, but not homebuying. “We don’t think …
Biden Signed $10 Billion in Mortgage Help for Homeowners. Do You Qualify?
Yahoo! Finance, Apr. 25, 2021–Nancy Sarnoff“It’s the first time Congress has included mortgage assistance in pandemic relief,” says Bob Broeksmit, president and CEO of the Mortgage Bankers Association. “In the …