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/
Category: Top National News
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 …
Barrett Could Cement Court’s Restrictive View of Debt Collection Cases
National Mortgage News, Oct. 28, 2020–Kate Berry (subscription)A 2019 decision by Amy Coney Barrett, then a 7th Circuit judge, cited an earlier Supreme Court ruling suggesting a high bar for …
Struggling Rental Market Could Usher in Next American Housing Crisis
Wall Street Journal, Oct. 27, 2020–Will Parker (subscription)A housing crisis centered on the vast apartment and home-rental markets is emerging in the U.S., threatening to send millions of renters into …
Lenders Cracking Down on Mall Owners Behind on the Mortgage
Wall Street Journal, Oct. 27, 2020–Esther Fung (subscription)More lenders are starting to deliver a stern new message to delinquent mall owners: time to pay up.https://www.wsj.com/articles/lenders-cracking-down-on-mall-owners-behind-on-the-mortgage-11603800000?
California’s Proposition 15 Would Undo Limits on Commercial Property Taxes
Wall Street Journal, Oct. 27, 2020–Peter Grant and Christine Mai-Duc (subscription)More than 40 years after imposing severe restrictions on property-tax increases, California voters might begin rolling them back next week, …
Americans’ Debts are Mounting, Putting New Focus on Biden’s Role Opposing Bankruptcy Protections
Washington Post, Oct. 27, 2020–Douglas MacMillan, Jonathan O’ConnellExperts are predicting a wave of bankruptcy filings from individuals and business owners who are burning through their savings and federal stimulus benefits, …
What Title Insurers’ 3Q Results Reveal About the Mortgage Market
National Mortgage News, Oct. 26, 2020–Brad Finkelstein (subscription)The Mortgage Bankers Association estimated there were 2.8 million loan units originated in the third quarter, split nearly evenly between purchases and refinancings. …
Will the End of Forbearance Mean a Wave of Foreclosures?
Mortgage Professional America, Oct. 26, 2020–Ryan SmithSen. Sherrod Brown, D-Ohio, ranking member of the Senate Banking Committee has repeatedly accused the director of the Consumer Financial Protection Bureau of putting …