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Industry News
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Featured Items
- Fannie Mae and the Housing Market’s Inflation Problem
- Another month of steadily increasing home prices and insatiable demand led Fannie Mae‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures. learn more
- People Are Returning to Restaurants, Stores and Hotels. But Not Yet the Office
- Office towers and nearby businesses in central business districts are missing out on the strong economic recovery, largely because the rise in vaccinations and easing of mask restrictions haven’t propelled most employees back to work. learn more
- Housing Boom May Be Cooling as Weekly Mortgage Demand Drops Again
- Even with interest rates falling slightly, mortgage application volume fell 4% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. learn more
- Will Rising Mortgage Rates Cool the Housing Market?
- The inventory issue, when you look at it, and the impact that it has on home price growth and median prices certainly is significant to say the least,” said Joel Kan associate vice president of economic and industry forecasting at the Mortgage Bankers Association. learn more
- Renting Is Cheaper Than Owning In The 50 Largest US Metros
- With home prices continuing to soar, LendingTree conducted a study comparing renting to owning a home in the 50 largest metros in the U.S. learn more
- As Mortgage Rates Edge Higher, Homeowners Get The Wrong Idea
- After a two-week surge in demand for refinance loans, homeowners have stepped back from the mortgage market, according to a weekly report from a major mortgage industry trade group. learn more
- Mortgage Rates Will Probably Stay Low Until Late Summer
- Mortgage rates haven’t changed drastically since last week or last month. learn more
- Most Homeowners Have Exited Mortgage Forbearance Programs–But Those Who are Left are the Most Vulnerable
- Only 35% of borrowers, or about 2.2 million homeowners, who signed up for forbearance remain in these programs, the New York Fed found. learn more
- 30-Year Mortgage Rates May Climb to 3.5% By Year End
- The party is over for the lowest mortgage rates in history. a tight job market and signs of inflation will force Fed to change course on its loose monetary policies. (MBA mention) learn more
- Mortgage Rates and Inflation: Why are Rates Going Up?
- The basic concept is that mortgages behave just like bonds: when inflation rises and purchasing power falls, interest rates must also rise to keep in learn more
- Mortgage Rates are Low Because of COVID–But Property Taxes are Much Higher
- It isn’t just gas prices and grocery bills that are rising sharply and hitting consumers hard. learn more
- Mortgage Rates Moved Lower Once Again, But Don’t Expect Them to Stay Down for Long
- Mortgage rates fell for the second week in a row, but their decline may be short-lived. learn more
- Senators Urge CFPB to ‘Reconsider’ QM Delay
- Compliance attorneys and mortgage industry lobbyists aren’t the only ones wishing the Consumer Financial Protection Bureau would proceed with the General Qualified Mortgage Final Rule as it had initially planned. learn more
- Weekly Mortgage Demand Stalls as Rates Rise and Fierce Competition Hurts Home Sales
- Total mortgage application volume fell 0.9% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. learn more
- Fannie and Freddie Continued to Pump Originations in Q1
- After a record year of mortgage originations, the GSEs released their Q1 earnings for the year on Thursday and Friday, revealing that Fannie Mae and Freddie Mac are still riding the tail end of the market’s highs. learn more
- Biden Signed $10 Billion in Mortgage Help for Homeowners. Do You Qualify?
- It’s the first time Congress has included mortgage assistance in pandemic relief,” says Bob Broeksmit, president and CEO of the Mortgage Bankers Association. learn more
- Biden Eyeing Capital Gains Tax as High as 43.4% for Wealthy
- President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6% to help pay for a raft of social spending that addresses long-standing inequality, according to people familiar with the proposal learn more
- GSE Caps on Investor Loans May Add to Rising Fraud Risk: CoreLogic
- Fannie Mae and Freddie Mac’s new limits on loans secured by investor properties and second homes may put pressure on applicants to misrepresent their occupancy status. learn more
- Fearing Foreclosure Crisis, U.S. Watchdog Cracks Down on Mortgage Servicers
- Pete Mills of the Mortgage Bankers Association pointed out that “record numbers” of Americans had so far exited forbearance without losing their homes and said he hoped the CFPB uses the data gathered from servicers “to guide, rather than penalize, the industry” on how to best help homeowners in forbearance. learn more
- Mortgage Refinance Demand Drops 20% as Rates Rise to 10-Month High
- Mortgage rates moved higher again last week, causing homeowners and potential homebuyers to pull back on borrowing. learn more
- The Mortgage Market Is Roaring, but Lots of People Can’t Get a Loan
- The mortgage market is humming, but getting approved for a home loan is as difficult as it has been in years. learn more
- How Much Higher Can Home Prices Go?
- Experts are positive on continued home prices gains. learn more
- FHFA: House Prices Up 12 Percent YOY
- The Federal Housing Finance Agency’s House Price Index reported a 1% month-over-month increase in home prices for January 2021 and a 12% increase in home prices from January 2020 to January 2021. learn more
- Rising Mortgage Rates are Starting to Become a Problem
- It’s not just that refinancing is down, but Americans still looking to buy will feel the full brunt of skyrocketing home prices. learn more
- Why U.S. Real Estate Has Prospered During COVID
- Further highlighting the buoyant U.S. residential real-estate market last year, the Mortgage Bankers Association Builder Application Survey data showed that mortgage applications for new home purchases increased by a whopping 34.7 percent from a year earlier. learn more
- Mortgage Rates Are on the Rise, and It’s Messing With People’s Home Buying Plans
- Rising interest rates are starting to impact how much house people can afford. learn more
- Mortgage Rates Retreat a Bit, Underscoring Refi Opportunity
- The window for mortgage refinancing opened a bit this week as mortgage rates took a break from their recent rise. learn more
- Mortgage banking profits drop by nearly one-third in Q4 ?
- Volumes were at a record high in the final quarter of 2020 but lenders didn’t make quite as much since gains on loan sales to the secondary market fell. learn more
- The Pandemic Ignited a Housing Boom—but It’s Different From the Last One
- Residential home sales are hitting peaks last seen in 2006, just before the bubble burst, but this time mortgages are stricter, down payments are higher, and a tight supply is supporting prices. learn more
- Weakening Refi Demand Intensifies Lender Profit Margin Concerns
- For the second consecutive quarter, the share of lenders expecting profit margins to decline has grown, according to a business sentiment survey released Thursday by Fannie Mae. learn more
- Mortgage Rates Persist in their Steady Climb
- Mortgage rates continued their upward march this week, rising to their highest levels since July. learn more
- Mortgage Refinance Demand Plunges 43% from a Year Ago, As Higher Interest Rates Take Their Toll on Borrowers
- The recent sharp rise in interest rates is now taking a toll on mortgage refinance demand, as the number of borrowers who could benefit shrinks. learn more
- Soaring Home Prices are Starting to Alarm Policymakers
- The booming housing market helped stave off economic collapse in 2020. learn more
- The Tax Man Cometh
- They may not increase this year, or even next year. learn more
- Mortgage Rates Top 3 Percent for the First Time Since the Summer
- The 30-year fixed-rate mortgage, the most popular mortgage product, rose above 3 percent for the first time in seven months this week. learn more
- Mortgage Application Demand Stalls as Interest Rates Surge to Highest Level Since July
- Mortgage interest rates last week rose at the fastest pace in over a year, throwing cold water on already cooling demand. learn more
- Home Sales Will Keep Growing, Even If Rates Rise. Here’s Why
- Joel Kan of Mortgage Bankers Association says rising mortgage rates – in tandem with climbing Treasury yields – indicates the market and public are increasingly optimistic about the likelihood of an economic recovery. learn more
- Now That Mortgage Rates Are Surging, Are Americans Making a Big Mistake?
- As mortgage rates suddenly shoot to heights not seen in months, borrowers are backing away and demand for home loans is falling, according to new data from a lenders trade group. learn more
- Biden Administration May Undo Certain Trump-Era Mortgage Rules
- Some groups believe the Trump-era rules should remain in place. learn more
- Fannie, Freddie Reap Billions from ‘Adverse Market’ Fee February 18, 2021
- Fannie Mae and Freddie MAc funded about 1.2 million adverse market qualified refinance mortgages totaling $350 billion from Dec. 1 through Jan. 31, according to Inside Mortgage Finance. learn more
- Mortgage Demand Falls Further as Rates Rise at the Fastest Pace in Months
- Total mortgage application volume fell 5.1% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. learn more
- Here’s Why Economic Experts Are Predicting Higher Mortgages Rates This Year
- “The support that we’re expecting to get from the current administration … that’s going to provide assistance for a lot of households who are in financial distress,” says Mortgage Bankers Association economist Joel Kan. learn more
- Covid-19 Mortgage Relief Ends Soon for Millions of Homeowners
- Many who struggle during the pandemic won’t be able to resume paying their monthly mortgage bills when yearlong forbearance plans run out. learn more
- MBS Investors Look for Signs Homeowner Refinancings Have Peaked
- Mortgage-bond investors are looking for signs that the wave of American homeowners refinancing their loans may have crested. learn more
- Biden Stimulus Could Worsen Affordable Housing Crisis
- The nation’s most influential housing trade groups sent a letter to the House Committee on Financial Services saying any new stimulus package considered would need to have rental assistance, and warned of dire consequences if it does not. learn more
- Mortgage Refinancing Suddenly Surges, But Homebuyers Stall Due to Sticker Shock
- Applications to refinance jumped 11% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. learn more
- The State of Housing Finance Heading Into 2021
- Historically, buying has always been a better investment than renting, but that may no longer be the case—one of several highlights from the Urban Institute’s Housing Finance Policy Center. learn more
- U.S. Economy Is Expected to Reach Pre-Pandemic Peak by Mid-2021
- The U.S. economy is expected to expand more rapidly in 2021 than officials projected in July, but it will take several years for output to reach its full potential and for the number of employed workers to return to its pre-pandemic peak, according to new economic projections released Monday by the Congressional Budget Office. learn more
- Mortgage Rates Drift Lower as Investors Worry About Pandemic
- For the second week in a row, mortgage rates wandered lower, remaining near record lows. learn more
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