Bloomberg, Feb. 10, 2020–Justin FoxThese trends may indicate that Americans have had enough of living alone. But they may also reflect high real estate prices in parts of the country …
Category: Top National News
Affordable Housing Cuts, CFPB Funding: Takeaways from Trump Budget
American Banker, Feb. 10, 2020–Hannah Lang (subscription)The Trump administration wants to eliminate several affordable housing programs and force some independent agencies to seek congressional funding, yet is also seeking to …
5 Questions to Ask Yourself Before You Refinance Your Mortgage
MarketWatch, Feb. 10, 2020–Jacob PassyRefinance loan volume jumped to the highest level since 2013 last week, especially among jumbo mortgage borrowers, on the heels of lower mortgage rates, according to …
Home Purchase Sentiment Up Again
National Mortgage Professional, Feb. 7, 2020–Phil HallFannie Mae’s Home Purchase Sentiment Index increased from December to January by 1.3 points to 93.0, marking the third consecutive month of upward motion …
Why Mortgage Jobs Actually Increased This Winter
National Mortgage News, Feb. 7, 2020–Bonnie Sinnock (subscription)The latest employment numbers show mortgage payrolls were smaller than originally reported, but it also finds industry employment improved by year-end.https://www.nationalmortgagenews.com/news/why-mortgage-jobs-actually-increased-this-winter
Falling Rates Could Boost Mortgages Ahead of Spring Selling Season
Wall Street Journal, Feb. 8, 2020–Orla McCaffrey (subscription)Mortgage rates are at their lowest level in more than three years, potentially boosting the U.S. housing market as it enters the crucial …
Welcome to the Big Leagues: Increasing Loan Limits Fuel Industry Competition
HousingWire, Feb. 7, 2020–Brena NathMortgage Bankers Association Senior Vice President of Residential Policy and Member Engagement Pete Mills commented on the importance of the way loan limit changes are handled, …
Ocwen Should Regain Pretax Profitability by the Third Quarter
National Mortgage News, Feb. 7, 2020–Brad Finkelstein (subscription)Ocwen Financial Corp. is on track to become profitable on a pretax basis by the third quarter without any special items enhancing earnings, …
Americans are Equity-Rich as Home Values Rise
HousingWire, Feb. 6, 2020–Julia FalconAlmost 15 million homes in the U.S. were equity-rich in the fourth quarter, meaning their mortgages were 50% or less of their estimated market value, according …
Minority Homeownership Rate Hits 8-Year High
Scotsman Guide, Feb. 5, 2020–Arnie AurellanoData from the U.S. Census Bureau’s quarterly Residential Vacancies and Homeownership Survey revealed that the nation’s minority homeownership rate increased to 48.6% in fourth-quarter 2019.https://www.scotsmanguide.com/browse/content/minority-homeownership-rate-highest-since-2011?utm_source=The%20Originator_02%2F06%2F2020&utm_medium=email&utm_campaign=The%20Originator