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
Category: Top National News
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 …
Insurance Costs Threaten Florida Real-Estate Boom
Wall Street Journal, Apr. 25, 2021–Leslie Scism, Arian Campo-Flores (subscription)Florida’s property-insurance market is in trouble, as mounting carrier losses and rising premiums threaten the state’s booming real-estate market, according to …
Giant U.S. Landlords Pursue Evictions Despite CDC Ban
Reuters, Apr. 23, 2021–Michelle ConlinComprehensive nationwide figures aren’t available. But according to the Princeton University Eviction Lab, 318,091 households have faced eviction proceedings during the pandemic in the 27 cities …
Fannie Mae, Freddie Mac May Broaden Options for Deep Distress
National Mortgage News, Apr. 22, 2021–Bonnie Sinnock (subscription)Though the government-sponsored enterprises have some of the lowest forbearance rates in the market, they expect to contend with a significant population of …