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 …
Category: Top National News
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/
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