CNBC, Nov. 5, 2020–Megan DeMatteoMillennials are the generation with the fastest growing debt load, which isn’t surprising when you consider this cohort is increasingly having children, buying homes and continuing …
Category: Top National News
What Would the CFPB Look Like Under a Biden Administration?
HousingWire, Nov. 5, 2020–Sarah WheelerOne thing that seems very likely is that Biden would replace Kathy Kraninger soon after inauguration. A Supreme Court ruling in June means that a president …
Multifamily Refinancing’s Top Trends and Strategies
Multi-Housing News, Nov. 6, 2020–Sibley FlemingDuring the second quarter, multifamily originations declined 24 percent year-over-year as total multifamily and commercial originations fell by 48 percent, reported Jamie Woodwell, chief economist …
Living and Breathing Mortgages: MBA’s Robert Broeksmit
Multi-Housing News, Nov. 6, 2020–IvyLee RosarioRobert Broeksmit has been living and breathing mortgage for most of his life. So it seems fitting that he should be leading the Mortgage Bankers …
Former FDIC Head Sheila Bair to Chair Fannie Mae Board
National Mortgage News, Nov. 5, 2020–Jon Prior (subscription)One of the top banking regulators during the 2008 financial crisis could have a hand in nudging Fannie Mae out of conservatorship.https://www.nationalmortgagenews.com/news/former-fdic-head-sheila-bair-to-chair-fannie-mae-board
With Biden Win Likely, FHFA Doubles Down on Ending GSE Conservatorship
HousingWire, Nov. 5, 2020–Kelsey RamirezThe Federal Housing Finance Agency will continue its mission to release the GSEs Fannie Mae and Freddie Mac from conservatorship, even under a Biden presidency, a …
Think Tank Concludes Mortgage Guidelines Could Safely be Twice as Risky
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 …
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/