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FHFA Asks for Input on Short-Term Rental Mortgages

FHFA Asks for Input on Short-Term Rental Mortgages

Thursday, 13 May 2021
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The Federal Housing Finance Agency has put out a call for input on Fannie Mae and Freddie Mac’s eligibility rules for mortgages in condominiums and other development projects that offer short-term rentals. So reports DS News. Read more...
United Wholesale CEO Says Ultimatum Against Rocket Worked

United Wholesale CEO Says Ultimatum Against Rocket Worked

Thursday, 13 May 2021
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United Wholesale Mortgage CEO Mat Ishbia has chalked up, as a big win, his contentious tactic that required mortgage brokers to choose between his company and Rocket Companies. So reports the Detroit Free Press. Read more...
April Inflation Report Runs Hotter Than Expected

April Inflation Report Runs Hotter Than Expected

Thursday, 13 May 2021
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A key measure of inflation was expected to climb last month from a low baseline during the early stages of the pandemic, but consumer prices surged even more than forecast. So reports CNBC. Read more...
Mortgage Lenders Brace for Cooling Demand: WSJ

Mortgage Lenders Brace for Cooling Demand: WSJ

Thursday, 13 May 2021
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With interest rates expected to rise, mortgage lenders are readying for a drop in demand in the months ahead. So reports The Wall Street Journal. Read more...
Forbearance Volume Decreased By 105,000: Black Knight

Forbearance Volume Decreased By 105,000: Black Knight

Saturday, 08 May 2021
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Forbearance volumes fell by 105,000 (-4.5%) this week, continuing the strong trend of early-in-the-month improvements, according to data from Black Knight.  Read more...
Bodnar of MMG: Yellen for Higher Rates!!!

Bodnar of MMG: Yellen for Higher Rates!!!

Saturday, 08 May 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) says Treasury Secretary Janet Yellen spooked the financial markets by suggesting rates should go higher. Her off-script but honest remarks were quickly backtracked. Sell in May and Go Away is in full bloom for the NASDAQ. Read more...
Optimism Soars for Real Estate Companies Amid Vaccine Rollout

Optimism Soars for Real Estate Companies Amid Vaccine Rollout

Saturday, 08 May 2021
Lending
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Sentiment has grown significantly sunnier among commercial real estate pros in the last six months as the COVID-19 vaccine continues to get into arms, according to a survey by law firm DLA Piper. So reports Law360. Read more...
Mortgage Complaints Jump to Three-Year High: CFPB

Mortgage Complaints Jump to Three-Year High: CFPB

Saturday, 08 May 2021
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Overall mortgage complaints to the Consumer Financial Protection Bureau have leaped to their highest monthly volume since April 2018, according to new data from the agency. So reports Law360. Read more...
Genworth Launches IPO of Mortgage Insurance Business

Genworth Launches IPO of Mortgage Insurance Business

Saturday, 08 May 2021
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Genworth Financial has kicked off a flotation of shares in its mortgage insurance business. So reports the Richmond (Va.) Times-Dispatch. Read more...
Rocket Mortgage Enjoys Strong Earnings As Slowdown Looms

Rocket Mortgage Enjoys Strong Earnings As Slowdown Looms

Friday, 07 May 2021
Lending
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Rocket Mortgage has celebrated another robust earnings season, but later in the year that champagne might need to stay on ice. So reports the Detroit Free Press. Read more...

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