National Mortgage News, Mar. 5, 2020–Brad Finkelstein (subscription)Capacity constraints among mortgage lenders are leading to wider spreads between mortgages and the 10-year Treasury yield even after it remained below 1% …
Category: Top National News
Commercial and Multifamily Delinquencies Hover Near Record Low
Mortgage Professional America, Mar. 5, 2020–Candyd MendozaCommercial and multifamily mortgage closed 2019 at or near record low delinquency rates, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.https://www.mpamag.com/news/investor-mortgage/commercial-and-multifamily-delinquencies-hover-near-record-low-215923.aspx
Homeowners Are in a Frenzy to Refinance as Mortgage Rates Nose-Dive
Yahoo! Finance, Mar. 5, 2020–Doug Whiteman “The 30-year fixed rate mortgage dropped to its lowest level in more than seven years last week, amidst increasing concerns regarding the economic impact …
Can Coronavirus Sicken Our Healthy Housing Market?
Orange County Register, Mar. 5, 2020–Jeff LazersonHousing demand will continue to be strong and stable. But just as some folks are more susceptible to coronavirus, some homebuyers and homeowners are …
The Termination of LIBOR An Update on Implications for the Mortgage Market
Urban Institute, Mar. 5, 2020–Laurie Goodman, Edward GoldingThe authors see signs of progress, albeit less than might have been expected. They believe that many market participants will look to Fannie …
Federal Reserve Retools Capital Rules for Largest U.S. Banks
Wall Street Journal, Mar. 4, 2020–Andrew Ackerman (subscription)Fed officials on Wednesday said the changes would simplify rules for big banks such as JPMorgan Chase & Co. and Wells Fargo & …
U.S. Businesses Show Growing Concern over Impact of Coronavirus, Fed Survey Shows
Reuters, Mar. 4, 2020–Lindsay DunsmuirThere are signs the escalating coronavirus outbreak has begun to weigh on business sentiment in the United States, a report by the Federal Reserve released on …
Former CFPB Official to Return to Bureau as Acting Deputy Chief
American Banker, Mar. 4, 2020–Joe Adler (subscription)Leonard Chanin, a senior official with the Federal Deposit Insurance Corp., will return to the Consumer Financial Protection Bureau as Acting Deputy Chief.https://www.americanbanker.com/news/former-cfpb-official-to-return-to-bureau-as-acting-deputy-chief
Coronavirus Slams U.S. Hotel Industry’s Global Operations
Wall Street Journal, Mar. 3, 2020–Keiko Morris, Craig Karmin (subscription)The hotel industry’s decadelong run of growth and rising revenue looked vulnerable at the start of the year. Now the spread …
Supreme Court Considers Consumer Agency’s Structure, Independence
Wall Street Journal, Mar. 3, 2020–Jess Bravin, Yuka Hayashi (subscription)The Supreme Court indicated Tuesday that it may curtail the independence of an eight-year-old agency created to protect consumers from abusive …