National Mortgage News, June 1, 2020–Bonnie Sinnock (subscription)MBA President and CEO Robert Broeksmit discusses the current state of liquidity needs in the mortgage banking industry, and the risks that remain …
Category: Top National News
Here’s What You Need to Know About Paying Your June Rent or Mortgage
Washington Post, May 31, 2020–Renae MerleAlready, more than 8 percent of U.S. homeowners, about 4.7 million households, have signed up for mortgage relief programs, according to the Mortgage Bankers Association. …
Wells Fargo Struggling to Stay Under Asset Cap Amid Pandemic, CEO Says
National Mortgage News, May 29, 2020–Jon Prior (subscription)Even after the Fed eased some limitations in April to promote emergency lending, the bank has had to make some “tough choices” to …
Black Knight: Nine Percent Of Mortgages Now In Forbearance
National Mortgage Professional, May 29, 2020Black Knight’s latest McDash Flash Forbearance Tracker shows that forbearance volumes have flattened over last week’s totals, as of May 26, 4.76 million homeowners are …
Federal Reserve Ramps Up Deliberations on Asset Purchases, Rate Guidance
Wall Street Journal, May 29, 2020–Nick Timiaros (subscription)Federal Reserve officials head into their next policy meeting deliberating how to assist an economy in a deeper hole than it faced after …
Demand for Mortgage Bailout Slows to a Trickle Despite Continuing Coronavirus Fallout
CNBC, May 29, 2020–Diana OlickDespite record-high unemployment and massive economic fallout from the coronavirus pandemic, fewer homeowners appear to be struggling to make their monthly mortgage payments now than at …
Housing Market is Unexpected Stalwart in Pandemic Shutdown
Bloomberg, May 29, 2020–Prashant GopalStuck day and night in their homes, a surprising number of Americans are deciding the pandemic is a great time to upgrade.https://www.bloomberg.com/news/articles/2020-05-29/housing-market-is-unexpected-stalwart-in-the-pandemic-shutdown
How Coronavirus Could Alter Fed’s Thinking about Stress Tests
American Banker, May 28, 2020–Hannah Lang (subscription)The general structure of this year’s reviews is unchanged despite the pandemic. But a supplemental analysis of banks’ response to the downturn could weigh …
These Lenders Made it Confusing for Many to Get Coronavirus Relief, Watchdog Says
Los Angeles Times, May 28, 2020–Erin B. LoganMillions of American homeowners who are eligible for relief under the CARES Act were provided inconsistent or confusing information by more than two …
More Borrowers Using Home-Equity Loans for Renovations
Mortgage Professional America, May 28, 2020–Ryan SmithWith the coronavirus pandemic keeping Americans indoors, more homeowners are taking out home-equity loans in order to fund renovations, according to a new study …