Wall Street Journal, Mar. 13, 2020–Kate Davidson (subscription)Treasury Secretary Steven Mnuchin said U.S. officials are committed to ensuring that financial firms and businesses facing disruptions related to the coronavirus have …
Category: Top National News
Mortgage Relief Options Are Available To Homeowners Affected By Coronavirus Safety Measures
Forbes, Mar. 13, 2020–Brenda RichardsonHomeowners who are facing a temporary hardship due to the coronavirus and heightened safety measures such as businesses shutting down have options to postpone mortgage payments, …
The Refi Boom Is Rattling Mortgage-Bond Investors
Wall Street Journal, Mar. 13, 2020–Ben Eisen (subscription)Investors have been dumping mortgage bonds at a rapid clip, as interest rates plunge on concerns about the coronavirus pandemic and spur a …
51% of Lenders Expect Profits to Increase
MReport, Mar. 12, 2020–Mike AlbaneseFannie Mae’s Q1 2020 Mortgage Lender Sentiment Survey found that 51% of lenders believe profit margins will increase compared to the prior quarter, while 44% said …
Wall Street’s Bond Rally Isn’t Lowering Mortgage Rates on Main Street
Barrons, Mar. 10, 2020–Randall ForsythThe epic bond rally on Wall Street isn’t trickling down to Main Street in the form of significantly lower mortgage interest rates. That supposed benefit to …
Mortgage Industry Braces for Impact as Coronavirus Fears Grow
National Mortgage Professional, Mar. 10, 2020–Eric C. PeckAs fear and panic rises daily due to more cases reported of the Coronavirus (COVID-19) outbreak, the Federal Reserve, Office of the Comptroller …
CFPB Chief Takes Heat from Senate Dems for Regulators’ Response to Virus
American Banker, Mar. 10, 2020–Kate Berry (subscription)Consumer Financial Protection Bureau Director Kathy Kraninger came under fire Tuesday from Senate Democrats who questioned what steps the bureau — and other regulators …
Home Buying Hurdles for Persons with Disabilities
User1st, March 2020–Raegan BartloDigital accessibility ensures you reach the broadest, most diverse set of customers, provides those customers with the services they need, protects your organization’s reputation, improves users’ experience, …
Fed Boosts Money It’s Providing to Banks in Overnight Repo Lending to $175 Billion
CNBC, Mar. 11, 2020–Jeff CoxThe Federal Reserve is again increasing the amount of money it’s providing to banks for overnight borrowing, raising the top level now to $175 billion.https://www.cnbc.com/2020/03/11/fed-boosts-money-its-providing-to-banks-in-overnight-repo-lending-to-175-billion.html
Plunging Mortgage Rates Might Not End U.S. Housing Doldrums
Wall Street Journal, Mar. 11, 2020–Gwynn Guilford (subscription)With the average rate on a 30-year mortgage falling to 3.29% last week, financing a home purchase has never been cheaper. That could …