Wall Street Journal, Sept. 8, 2020–Orla McCaffrey (subscription)The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even …
Category: Top National News
15-Year Fixed Mortgages Drop to Record Lows
Orange County Register, Sept. 3–Jeff LazersonThirty-year fixed mortgage rates rose slightly in the week ending Thursday, Sept. 3, but still were at their third-lowest level in records dating back 49 …
Fed Corrects Stress Test Error for Mortgage Stanley, Goldman Sachs
American Banker, Sept. 4, 2020–Hannah Lang (subscription)The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two …
CDC’s New Eviction Moratorium Met with Worry from U.S. Housing Providers
Mortgage Professional America, Sept. 4, 2020–Clayton JarvisMortgage Bankers Association CEO Bob Broeksmit described the destabilizing cascade effect a lack of rent payments could have on the country’s housing providers, “millions” …
Odd Lots: Help, War, Move, Winner
UExpress, Sept. 4, 2020–Lew SichelmanThe number of homeowners seeking mortgage forbearance fell for at least eight straight weeks this summer. But that decline masks a couple of other important trends. …
CFPB’s Latest Underwriting Revamp Seen as Boon to Fintechs, GSEs
American Banker, Sept. 2, 2020–Kate Berry (subscription)The agency’s plan to extend the “qualified mortgage” stamp of approval to more loans could help lenders that rely on alternative data and cushion …
Black Borrowers Pay More for Mortgages Throughout the Country–Study
Mortgage Professional America, Sept. 3, 2020–Ryan SmithBlack home buyers are offered higher mortgage rates on average than the general population in every major metro area in the nation, a LendingTree …
Trump Eviction Ban Tests Limits of CDC Authority
The Hill, Sept. 3, 2020–Sylvan LaneBut the eviction ban is a groundbreaking test of the CDC’s power that experts say will undoubtedly prompt several legal challenges. And advocates for both …
PIMCO Warns Releasing Fannie, Freddie Could Imperil Housing Finance
HousingWire, Sept. 2, 2020–Kathleen HowleyBond giant PIMCO, one of the biggest buyers of Fannie Mae and Freddie Mac mortgage-backed securities, warned on Monday that ending the federal conservatorship of the …
Macy’s Posts $431 Million Loss as Stores Continue Recovery
Wall Street Journal, Sept. 2, 2020–Charity L. Scott (subscription)Macy’s reported a loss of $431 million for the latest quarter, even as sales continued to recover from temporary store closures spurred …