ABC News, Oct. 13, 2023-Max ZahnMajor housing industry groups voiced “profound concern” in a letter this week urging the Federal Reserve to stop raising interest rates.Click here for more.
Category: Top National News
FHFA Nears Target Date for Final Rule on Capital Framework
National Mortgage News, Oct. 10, 2023–Bonnie SinnockThe Federal Housing Finance Agency may soon deliver another capital rule update to a mortgage industry that’s juggling other ongoing and potential policy changes …
Housing Groups Call on Fed to Stop Raising Rates
Yahoo Finance, Oct. 11, 2023–Nicholas Jacobino and Julie HymanThe Mortgage Bankers Association sent a letter to the Federal Reserve urging policy makers to reduce rates, in fear that continued rate …
Adjustable-Rate Mortgages are Making a Comeback
CNN, Oct. 16, 2023–Anna BahneyAdjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest …
Residential MBS the Bright Spot in Third-Quarter Issuance
Inside Mortgage Finance, Oct. 10, 2023–John BancroftSingle-family mortgage-backed security issuance held up in the third quarter of 2023 while issuance of commercial MBS and non-mortgage asset-backed securities declined, according to …
Adjustable-Rate Mortgages are Making a Comeback
CNN, Oct. 16, 2023–Anna BahneyAdjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest …
Philly Fed President Harker: “We Are at the Point Where We Can Hold Rates”
HousingWire, Oct. 16, 2023–Connie KimPhiladelphia Federal Reserve President Patrick Harker advocated for stopping interest rate hikes, noting that disinflation is under way. “I believe that we are at the point …
The Fed is Likely Done With Interest Rate Hikes: MBA Forecast
Fox Business, Oct. 16, 2023–Nora ColomerThe Federal Reserve may reach its 2% inflation target rate by early 2025 and it is likely done with its restrictive monetary policy, Mike Fratantoni, …
Mark Jones Takes The Reins As Chairman Of Mortgage Bankers Association
National Mortgage Professional, Oct. 16, 2023–Christine StuartAt the Mortgage Bankers Association’s 2023 Annual Convention & Expo in Philadelphia, Mark Jones, president of Union Home Mortgage, was inaugurated as chairman.Click here …
Non-Agency MBS Issuance Gains Momentum in 3Q23
Inside Mortgage Finance, Oct. 16, 2023–John BancroftIt’s not where it was a year ago, but the non-agency MBS market continued to gain steam during the third quarter of 2023.Click here …