Mortgage News Daily, Nov. 3 2020–Jann SwansonThe Urban Institute’s housing credit availability index for the second quarter shows a slight dip from an adjusted 5.3 percent in the first quarter …
Category: Top National News
Lenders ‘Layer Up’ With Extra Security Measures in 2021
National Mortgage News, Nov. 3, 2020–Paul Centopani (subscription)Getting ahead of the next wave of mortgage fraud calls for rock-solid systems with several protective tools deployed at once. But that only …
Will The Election Outcome Impact Record-Low Mortgage Rates?
Forbes, Oct. 30, 2020–Natalie CampisiThe path from mortgage rates to the White House is a circuitous one. There is no direct route, as the president doesn’t control rates, but there …
Rate Lock Data Suggests $4 Trillion in 2020 Mortgage Origination Volume
HousingWire, Nov. 2, 2020–James KleimannNew rate lock data suggests 2020 will end with over $4 trillion in mortgage origination volume, easily a record.https://www.housingwire.com/articles/rate-lock-data-suggests-record-4t-in-2020-mortgages/
Fannie Mae and Freddie Mac Exceeded Most 2019 Housing Goals
National Mortgage News, Nov. 2, 2020–Brad Finkelstein (subscription)Both Fannie Mae and Freddie Mac exceeded their affordable housing goals during 2019, but fell short under the Duty to Serve goals in …
Prop. 21 Would Reduce Quantity and Quality of Rental Housing
L.A. Times, Nov. 2, 2020–Adam B. SummersEveryone agrees that housing costs in California are extremely high and push many individuals and families over the edge financially. In such an environment, …
Fannie Mae Finalizing Plans for Switch to Hedge Accounting
National Mortgage News, Oct. 29, 2020–Bonnie Sinnock (subscription)The upcoming shift may help to prepare the government-sponsored enterprise for a conservatorship exit by reducing interest-rate volatility in Fannie’s earnings.https://www.nationalmortgagenews.com/news/fannie-mae-finalizing-plans-for-switch-to-hedge-accounting
With ARM Rates Falling Below Fixed Mortgages, Are Adjustables Making a Comeback?
Bankrate.com, Oct. 29, 2020–Zach WichterBankrate spoke to Dan Fichtler, the Mortgage Bankers Association’s associate vice president of housing finance policy about what the new, lower ARM rates mean for consumers.https://www.bankrate.com/mortgages/are-adjustables-arms-making-a-comeback/
Readjusting to the New Non-QM Landscape
Mortgage Professional America, Oct. 29, 2020–Kasi JohnstonAll signs are pointing up in non-QM. Rates are competitive and continue to decline, and the lenders who have re-entered the market have been …
Fannie Mae, Freddie Mac Third-Quarter Earnings Rise on Mortgage Refinance Boom
Wall Street Journal, Oct. 29, 2020–Andrew Ackerman (subscription)Government-controlled mortgage giants Fannie Mae and Freddie Mac reported improved earnings in the third quarter, as record-low interest rates fueled a refinancing boom …