National Mortgage News, May 25, 2020–Hannah Lang (subscription)Some observers wonder if proposed regulatory targets for Fannie Mae and Freddie Mac will stoke concerns about low shareholder returns. But others suggest …
Category: Top National News
Mortgage Credit Tightens, Creating Drag on Any Economic Recovery
Wall Street Journal, May 25, 2020–Andrew Ackerman, Nick Timiraos (subscription)Lenders stiffen conditions on refinancing, even though interest rates are low, spooked by the downturn and regulations. (MBA mention)https://www.wsj.com/articles/mortgage-credit-tightens-creating-drag-on-any-economic-recovery-11590431459
Hardships Rise, Delinquencies Fall as CARES Act Changes Credit Reports
National Mortgage News, May 22, 2020–Bonnie Sinnock (subscription)In the mortgage market, hardships were indicated in various ways on 5% of accounts in April, up from less than half of a …
Mortgage Companies Top List for COVID-Related Complaints, Says CFPB
Mortgage Professional America, May 22, 2020–Ryan SmithMortgage companies top the list for COVID-19-related consumer complaints, according to new data from the Consumer Financial Protection Bureau.https://www.mpamag.com/news/mortgage-companies-top-list-for-covidrelated-complaints-says-cfpb-223071.aspx
Homeowners Stopped Paying Mortgages in Record Numbers in April
Washington Post, May 22, 2020–Kathy OrtonThe number of borrowers who stopped paying their home loans spiked by 1.6 million last month, reported real estate data and analytics company Black Knight. …
Wraparound Mortgages Can Help Home Sellers Boost their Prices
Orange County Register, May 21, 2020–Jeff LazersonWith rates below 3%, these seller-financed loans can be a boon for buyers with bad credit and a money-maker for sellers. But they also …
The Mall of America Hasn’t Paid Its Mortgage in Two Months
CNBC, May 21, 2020–Lauren ThomasThe biggest shopping center in the country, The Mall of America, has missed two months of payments on its $1.4 billion mortgage. It’s a sign of …
The Pandemic Makes Fannie and Freddie Even More Indispensable
Bloomberg, May 21, 2020–Joe Light, Prashant GopalWith the economy shut down, unemployment soaring and no clear end in sight, policymakers have been leaning on two mortgage companies the government took …
House and Senate Lawmakers Begin Effort to Rework Paycheck Protection Program So Businesses Have More Flexibility
Washington Post, May 20, 2020–Erica WernerDemocrats and Republicans are working to give companies more time to rehire workers as it has become clear that some firms are struggling with the …
Behind Bond Market’s Stall, Investors See Hard Times Ahead
Wall Street Journal, May 20, 2020–Sam Goldfarb (subscription)Yields on U.S. government bonds have stalled near record lows, a sign that investors are anticipating a difficult economic recovery and years of …