Mortgage Professional America, Nov. 13, 2020–Ryan SmithWith non-QM lending continuing to pick up steam after a COVID-related pause earlier in the year, originators need to know what programs are available …
Category: Top National News
David Brickman to Step Down from Freddie Mac
HousingWire, Nov. 13, 2020–James KleimannBrickman, who took over as CEO of the company in July 2019, will leave Freddie Mac on Jan. 8, Freddie Mac disclosed in a filing with …
2021 Predictions for the Secondary Market, Mortgage Servicing Rights
ational Mortgage News, Nov. 12, 2020–Bonnie Sinnock (subscription)When the secondary market shut down during the pandemic this year, lenders primarily worried about two things: whether borrowers could still pay and …
Here’s What to Do if Your Mortgage Forbearance is Ending
Bankrate.com, Nov. 13, 2020–Zach WichterMarina Walsh, vice president of industry analysis at Mortgage Bankers Association, said lenders are much more flexible with forbearance these days than they were during the …
CFPB Sets Stage for Long Fight on Data-Sharing Rule
American Banker, Nov. 12, 2020–Kate Berry (subscription)As it attempts to craft policy on access to consumers’ financial account information, the agency is wading into a battle between those who want …
FHFA Will Continue to Buy Loans in Forbearance Through Dec. 31
HousingWire, Nov. 12, 2020–Alex RohaThe Federal Housing Finance Agency announced on Thursday that Fannie Mae and Freddie Mac will continue to buy qualified loans in forbearance, extending the temporary policy …
Malls File for Bankruptcy or Shut Their Doors as Pandemic Pain Spreads
Wall Street Journal, Nov. 10, 2020–Esther Fung (subscription)Mall landlords are starting to seek bankruptcy protection or shutting down, the latest signs that the pandemic is deepening a crisis that began …
FHFA Approves Classic FICO for Fannie Mae, Freddie Mac
HousingWire, Nov. 10, 2020–Kelsey RamirezThe Federal Housing Finance Agency announced Tuesday the validation and approval of the Classic FICO credit score model for Fannie Mae and Freddie Mac.https://www.housingwire.com/articles/fhfa-approves-classic-fico-for-fannie-mae-freddie-mac/
Corporate Tenants Dump Excess Office Space, Sending Shivers Through the Market
Wall Street Journal, Nov. 10, 2020–Peter Grant (subscription)More companies are looking to dump excess office space by renting it out to new tenants, flooding the market with additional supply that …
Record Low Mortgage Rates Widen Historic U.S. Economic Divides
Blomberg, Nov. 10, 2020–John Gittelsohn, Katia Dmetrieva, Michael SassoMinority homeowners are losing ground in the K-shaped recovery.https://www.bloomberg.com/news/articles/2020-11-10/cheap-credit-is-widening-wealth-inequality-across-america-s-racial-lines?srnd=premium