News
- Here’s how to choose between a house, condo or townhouseBuying a home is a big decision. And with so many different options, it's important you buy the right property for your budget and goals. Here's how to decide between buying a house, condo or townhome. The post Here’s how to choose between a house, condo or townhouse appeared first on HousingWire.
- People movers: Better.com, Credit Plus, Foundation Title & EscrowPeople Movers provides updates about the business professionals making waves in real estate and mortgage. Here’s the latest. The post People movers: Better.com, Credit Plus, Foundation Title & Escrow appeared first on HousingWire.
- Senate Finance Committee unanimously approves YellenIn a unanimous 26-0 vote, the Senate Finance Committee approved Janet Yellen's nomination to the U.S. Treasury Secretary on Friday. Senate Majority Leader Chuck Schumer said there would be no other votes in the Senate on Friday, meaning there will not be confirmation of Yellen as Treasury Secretary until this weekend or next week, if […]
- Biden issues 60-day regulation freezeAs one of his first directives after taking office, President Joe Biden announced a 60-day freeze on regulations in order to give his administration time to review any new rules. The post Biden issues 60-day regulation freeze appeared first on HousingWire.
- COVID couldn’t stop the U.S. housing market in 2020When I think about the 2020 housing market, the big take-home is not the V-shape recovery in many of the housing metrics or even the hotter-than-expected price growth. The big take-home is that 2020, despite the COVID crisis, began a period in our country (the years 2020-2024) when we have both the best housing demographics […]
- CoStar and private equity group battle for CoreLogicNearly three months after data giant CoreLogic confirmed it was exploring multiple offers of acquisition the company is down to final two bidders. The post CoStar and private equity group battle for CoreLogic appeared first on HousingWire.
- Homepoint’s parent in line for $3B valuation with stock saleSale of 12.5M shares of common stock will Homepoint's parent company at roughly $3 billion. And the IPO bookrunners will get first dibs. The post Homepoint’s parent in line for $3B valuation with stock sale appeared first on HousingWire.
NEWS & UPDATES
- HUD extends its ban on single-family foreclosures and evictionsThe move is in line with expectations that the Federal Housing Administration would extend more consumer relief amid the transition… Read more »
- Home Point looks to raise $301 million in its IPOThe expected pricing range is between $19 and $21 per share if all 14.4 million shares to be offered are… Read more »
MBS RECAP: Calm Week Ends on an Even Calmer Note
Posted To: MBS CommentaryCalm Week Ends on an Even Calmer Note It's rare to see non-holidays Fridays in January be… Read more »How Long Can The Good Times Last For Housing and Rates?
Posted To: Mortgage Rate WatchWhile it wasn't quite the biggest surprise of 2020, the strength of the housing market was… Read more »- Ally’s diversification efforts starting to pay offThe auto finance company, which had stumbled in forays into the credit card business, is now seeing rapid growth in… Read more »
- UWM’s stock volatile in early trading after SPAC mergerUnited Wholesale Mortgage is the third nonbank lender to complete the process of going public since the wave of announcements… Read more »
- With Democrats in power, will CRA be expanded to nonbanks?President Biden and Democrats in Congress have backed plans to subject a broader array of companies to Community Reinvestment Act… Read more »
- Ryan Zanin leaving Fannie Mae board to become its CROThe former president and CEO of GE Capital’s restructuring and strategic ventures group was named executive vice president and chief… Read more »
Existing Home Sales Reach Highest Levels Since 2006
Posted To: MND NewsWireExisting home sales resumed an upward trajectory in December. After drifting lower by 2.5 percent in November,… Read more »Upbeat 2021 Econ Forecast From Fannie Mae
Posted To: MND NewsWireOptimism is running high in Fannie Mae's first Economic and Housing Outlook of the year. The company's… Read more »- Mortgage forbearances increase as coronavirus cases spikeThe uptick follows the pandemic-era trend of midmonth increases in active plans, according to Black Knight. Read more »
End-of-Year Delinquencies a Challenge for 2021
Posted To: MND NewsWireMortgage performance understandably deteriorated over the course of 2020. Black Knight, in its "first look" at December… Read more »- Surprise existing-home sales gain caps best year since 2006Sales of previously owned homes increased unexpectedly in December, capping the best year for the housing market since 2006 as… Read more »
- Trump commutes sentence for Lend America exec, Biden administration ramps up and more of the week's top newsPlus, 4Q earnings show strong mortgage volumes, growth forecasted for jumbo loan market and more. Read more »
MLO Jobs; Broker, Recruiting, HELOC Products; Freddie and Fannie Compliance Reminders
Posted To: Pipeline PressThis week Joe Exotic did not receive a presidential pardon, nor did mortgage rates move much versus… Read more »MBS Day Ahead: Bonds Should Give Their Next Technical Signal Any Day Now
Posted To: MBS CommentaryThe nature of the pandemic has made for some very mechanical and orderly market movement. The best… Read more »- People on the move: Jan. 22Mortgage industry hiring and new job appointments for the week ending Jan. 22. Read more »
Mortgage Rates Almost Back to Early January Levels
Posted To: Mortgage Rate WatchMortgage rates made more progress today, but only after some drama in the morning. The bond… Read more »MBS RECAP: Bonds Push Back Against AM Weakness, But Risks Remain
Posted To: MBS CommentaryBonds Push Back Against AM Weakness, But Risks Remain Yields were breaking higher as the domestic session… Read more »Retail, Correspondent Jobs; Performance, Non-QM, Sales Tools; STRATMOR Strategy Paper; DACA and FHA
Posted To: Pipeline Press“Do y’all remember, before the internet, that people thought the cause of stupidity was the lack of… Read more »Construction Surges to Highest Levels in 15 Years
Posted To: MND NewsWireResidential construction finished out 2020 much more strongly than analysts had expected. The U.S. Census Bureau and… Read more »MBS Day Ahead: Defensive Shift is a Cause For Concern; Yields Struggling With an Important Floor
Posted To: MBS CommentaryThe GA senate election shift is old news. It did the damage it was always likely to… Read more »Mortgage Rates Making Steady Progress Over The Past Week
Posted To: Mortgage Rate WatchMortgage rates are off to a decent start this week with the average lender offering slightly… Read more »DACA "Dreamers" Given FHA Loan Eligibility
Posted To: MND NewsWireThe Department of Housing and Urban Development (HUD) announced on Tuesday that it has extended eligibility for… Read more »Rising Material Prices and Lot Shortages Hurt January Builder Confidence
Posted To: MND NewsWireAfter setting three successive record highs, most recently a 90 level in November , the pandemic and… Read more »MBS Day Ahead: Does Inauguration Day Matter For The Bond Market?
Posted To: MBS CommentaryDoes inauguration day matter for the bond market? Not as such, no. To be sure, the changing… Read more »Ops, AE Jobs; Sales, Leadership, Tech, Pricing Tools; VA, Ginnie, FHA Changes Incl. URLA Update
Posted To: Pipeline PressIn his Saturday Morning Cup of Joe , Jeremy Potter quipped, “The word ‘homeowners’ has the word… Read more »New Home Purchase Applications Remained Strong to Year's End
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) estimates that applications for the purchase of newly built homes rose only… Read more »Fannie/Freddie Allowed to Keep More Capital (Again)
Posted To: MND NewsWireLate last week the Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury)… Read more »Refinancing Volume Pulls Back as Rates Rise
Posted To: MND NewsWireThe volume of mortgage applications fell back slightly last week. The Mortgage Bankers Association (MBA) said its… Read more »MBS RECAP: Uneventful Start This Week; Next Move Remains Debatable
Posted To: MBS CommentaryUneventful Start This Week; Next Move Remains Debatable Bonds began the day in weaker territory but rallied… Read more »Biden Nominates Two Picks for Important Financial Positions
Posted To: MND NewsWirePresident-elect Joe Biden has announced his picks for two important financial regulatory positions. The chairmanship of the… Read more »IT, AE Jobs; Jumbo, Origination, Productivity Tools; Thoughts on the CFPB Nominee; Training and Events
Posted To: Pipeline PressSometimes running a mortgage compliance department can seem like this short clip Indiana’s Carol K. sent along.… Read more »MBS Week Ahead: After Last Week's Defensive Stand, What's Next For Bonds?
Posted To: MBS CommentaryLast week's bond trading served the role of establishing a ceiling for yields after their biggest spike… Read more »MBS RECAP: Big Victory This Week (In Response To Last Week's Big Loss)
Posted To: MBS CommentaryBig Victory This Week (In Response To Last Week's Big Loss) Relative to the spectrum of possibilities,… Read more »
