Home Equity Lending News, February 20, 2024–Angela RoseAlthough a jarring jump in interest rates left home-equity line-of-credit lending lower last year, the second half of this year is expected to …
Category: Top National News
What Companies Need to Know When Accounting for Leap Day
The Wall Street Journal, Feb. 23, 2024-Mark MaurerWhat a difference a day makes. Or does it?Click here for more (subscription)
U.S. Treasury Yields Fall as Investors Look to Key Economic Data
CNBC, Feb. 26, 2024–Sophie KiderlinU.S. Treasury yields declined on Monday as investors awaited key economic data set to be published this week which could provide hints about the outlook for …
Fed Rate Cuts Are Likely to Be Slow–But Not Necessarily Steady
Bloomberg, Feb. 27, 2024–Steve MatthewsThere’s a saying about how the Federal Reserve manages interest rates: They go up the escalator and down the elevator. This time, it will likely be …
Mortgage Predictions: How Jobs Data Could Impact Mortgage Rates in 2024
CNet Money, Feb. 12, 2024–Katherine WattA booming labor report pushed mortgage interest rates up again. So we can have jobs or houses, but not both?Click here for more
New Rules for Banks Would be the ‘End of Real Estate Finance as We Know It,’ MBA Says
Business Insider, Feb. 13, 2024–Yuheng ZhanBasel III proposals would cripple commercial property financing, MBA CEO Bob Broeksmit said. The proposed regulation would require banks to maintain more capital to protect …
Bank Mortgage Unit Adds to Use of the FICO 10-T Score
National Mortgage News, February 13, 2024–Bonnie SinnockPrimis Bank announced Tuesday that it has become the third home lender to publicly use an advanced credit score in conjunction with non-qualified mortgages.Click …
The Uninsurable World: What Climate Change is Costing Homeowners
Financial Times, Feb. 12, 2024–Ian Smith, Attracta Mooney, Aime WilliamsRising premiums are a de facto ‘carbon price’ on consumers as extreme weather events become more frequentClick here for more (subscription)
Nearly 89% of U.S. Homeowners with Mortgages Have an Interest Rate Below 6%: Redfin
Fox Business, Feb. 14, 2024–Christopher MurrayAs mortgage rates inch lower towards the 6% mark, the real estate market is cooling. Still, many homeowners still have low interest rates compared to …
Lack of Second Lien Guidance Disrupts VA Assumptions
Home Equity Lending News, February 16, 2024The assumption process on first mortgages guaranteed by the Department of Veterans Affairs is broken, and one of the reasons is the lack of …