National Mortgage News, Jan. 25, 2021–Paul Centopani (subscription)The subsidiary of New Residential Investment produced nearly $400 million in non-QM volume in the first quarter of 2020 before putting a hold …
Category: Top National News
Saved Stimulus Checks Expected to Help Spur Economic Recovery
Wall Street Journal, Jan. 26, 2021–Harriet Torry (subscription)Americans saved $1.4 trillion in the first three quarters of 2020, or about twice as much as in the same period of the …
Financial Firms Brace for Biden’s Consumer Agency Chief
The Hill, Jan. 26, 2021–Sylvan LanePresident Biden’s pick to lead the Consumer Financial Protection Bureau, Rohit Chopra, is expected to embolden the powerful agency with a more aggressive approach to …
Why are Office Values So Resilient?
Mortgage Professional America, Jan. 25, 2021–David KitaiWhether because of bullish bets on physical offices as crucial to innovation or simply because many longer-term office leases haven’t ended yet, investor preference …
Fed Buying Helps Lift Fannie Mae Mortgage Bond to Record High
Bloomberg, Jan. 25, 2021–Christopher MaloneyJanuary 25, 2021, 2:18 PM ESTThe Fannie Mae 30-year 2.5% mortgage bond TBA, or forward settling mortgage-backed securities, hit a fresh record high. Lower supply, as …
This Chart Should Assuage Fears of a Housing Bubble
Bloomberg, Jan. 25, 2021–Peter CoyAmerican housing is often lumped in with Bitcoin and Tesla Inc. as a bubble market. True, prices have risen sharply. The median sales price of a …
Biden Issues 60-Day Regulation Freeze
HousingWire, Jan. 22, 2021–Kelsey RamirezAs one of his first directives upon taking office, President Joe Biden announced a 60-day freeze on regulations to give his administration the time necessary to …
For The Second Time, Biden Enters The White House Facing A Housing Crisis
Forbes, Jan. 22, 2021–Natalie CampisiPresident Joe Biden is no stranger to severe housing problems. When he became vice president in 2009 under the Obama administration, he inherited a massive subprime …
Covid-19’s Financial Toll Mounts as Homeowners Keep Postponing Mortgage Payments
Wall Street Journal, Jan. 24, 2021–Orla McCaffrey (subscription)For roughly the past two months, that group of homeowners has flatlined at about 5.5%, according to the Mortgage Bankers Association. Though that …
Biden’s Student Loan Freeze Shows Path to Erase Billions of Debt
Bloomberg, Jan. 22, 2021–Shahein NasiripourThanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more than $200 …