NPR, Aug. 15, 2020–Chris ArnoldStarting next month, all home mortgages that are refinanced will have to pay half of 1% of the loan. In other words, $1,500 for a $300,000 …
Category: Top National News
How Homeowners Can Beat the New Mortgage Refinancing Fee
Yahoo! Finance, Aug. 14, 2020–Doug Whiteman“The recent refinance activity has not only helped homeowners lower their monthly payments, but it is also reducing risk to (Fannie Mae and Freddie Mac) …
Families Need a Lifeline, But Trump’s Regulator Tosses Them an Anchor
Washington Post, Aug. 14, 2020–Jared Bernstein, Mark Zandi, Jim ParrottAt the very moment families desperately need cash in their pockets, President Trump’s mortgage regulator has decided to take cash out …
Why It’s Harder to Offer Mortgage Assistance to 3 Million Borrowers with Private Loans
Urban Institute, Aug. 14, 2020–Karan KaulThe author Kaul explains why a lack of standardization and specificity and conflicting servicer obligations mean that borrowers whose mortgages are in private-label securities don’t …
Families Need a Lifeline, But Trump’s Regulator Tosses Them an Anchor
Washington Post, Aug. 14, 2020–Jared Bernstein, Mark Zandi, Jim ParrottAt the very moment families desperately need cash in their pockets, President Trump’s mortgage regulator has decided to take cash out …
Trump Administration Criticizes New Fannie Mae, Freddie Mac Mortgage Fee
Wall Street Journal, Aug. 13, 2020–Andrew Ackerman (subscription)The Trump administration criticized a move by mortgage-finance companies Fannie Mae and Freddie Macto charge a new fee on certain mortgages, saying it …
A ‘Middle Finger’ to Struggling Families: How a New Fee Is About to Make Refinancing Your Mortgage a Lot More Expensive
MSN Money, Aug. 13, 2020–Samantha SharfIn his own scathing statement, Mortgage Bankers Association CEO Bob Broeksmit estimated the new fee means the average consumer will be paying $1,400 extra. (Fannie …
CMBS Forbearances Await Servicing in the Weeks Ahead
National Mortgage News, Aug. 13, 2020–Brad Finkelstein (subscription)As forbearances and government other relief efforts come to an end over the next few weeks and months, many a commercial mortgage borrower …
Mortgage Refinancing Will Be More Expensive as Fannie Mae and Freddie Mac Raise Fees
CNBC, Aug. 13, 2020–Diana OlickThe move was met with strong criticism from the mortgage industry, seen as a slap in the face of the one sector of the economy that …
Non-QM is Back–Now to Make it Painless
Mortgage Professional America, Aug. 12, 2020–Ryan SmithAfter an almost universal freeze at the outset of the COVID-19 pandemic, non-QM lenders are returning to the space at an almost weekly rate. …