MortgageOrb, Oct. 5, 2020–Matt TullyThe article addresses three reasons homeowners have been exiting forbearance and tie this activity back to extensions, and what may be driving these exit behaviors and …
Category: Top National News
Mortgage Boom Raises Fears Lenders Will Turn Lax
National Mortgage News, Oct. 5, 2020–Jim Dobbs (subscription)Low rates and intense competition might lead some banks to ease underwriting standards in 2021, when the economy may not yet have recovered.https://www.nationalmortgagenews.com/news/mortgage-boom-raises-fears-lenders-will-turn-lax
Regal Cinemas Likely Suspending Operations at All U.S. Locations
Wall Street Journal, Oct. 4, 2020–R.T. Watson (subscription) Second-largest U.S. cinema chain weighs closing doors again as high-profile movies vacate calendar. https://www.wsj.com/articles/regal-cinemas-likely-suspending-operations-at-all-u-s-locations-11601793090?mod=hp_lead_pos4
‘Enigmatic’ CFPB Chief Could Drop More Surprises in a Second Trump Term
American Banker, Oct. 2, 2020–Kate Berry (subscription) Kathy Kraninger’s job status would be in question if Joe Biden wins the White House. If the president is reelected, she may continue …
The Ultra-Rich Are Using Giant Home Loans to Access Cheap Credit
Bloomberg, Oct. 2, 2020–Benjamin StupplesLenders are increasingly providing credit to their most valuable clients after central banks slashed interest rates to protect the economy from the effects of the COVID-19 …
Americans Might Never Come Back to the Office, and Twitter is Leading the Charge
Washington Post, Oct. 1, 2020–Elizabeth DwoskinCorporate America has long been defined by physical offices. But in a few short weeks, the pandemic upended that as thousands of companies mandated their …
Flood Insurance Program Reauthorized by Trump After Short Lapse
HousingWire, Oct. 1, 2020–Kathleen HowleyTechnically, the National Flood Insurance Program lapsed at midnight on Wednesday, along with the entire federal budget. It didn’t become law until Trump signed it shortly …
Commercial Mortgage Debt Rises as Originations Fall
GlobeSt.com, Oct. 1, 2020–Kelsi Maree BorlandData from the Mortgage Banker’s Association reveals that the level of commercial debt increased to $3.76 trillion at the end of the second quarter, and …
Freddie Mac Preparing to Launch New Type of Multifamily Mortgage Bond
National Mortgage News, Oct. 1, 2020–Bonnie Sinnock (subscription)The government-sponsored enterprise’s first multifamily sustainability bond transaction, totaling $600 million, is part of Freddie’s K-Deal program.https://www.nationalmortgagenews.com/news/freddie-mac-preparing-to-launch-new-type-of-multifamily-mortgage-bond
1,600 Customers Say Wells Fargo Paused their Mortgage Payments Without their Consent
NBC News, Oct. 1, 2020–Gretchen MorgensonThe letters also indicate that the bank didn’t know how many customers had been affected by its practice of placing them in so-called forbearance programs, …