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St. Louis Fed Boss Sees Economic Recovery Continuing in 2021

St. Louis Fed Boss Sees Economic Recovery Continuing in 2021

Friday, 08 January 2021
Lending
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The president of the St. Louis Federal Reserve has signaled that he expects the U.S. economy will continue to bounce back in the first six months of this year. So reports Reuters. Read more...
Philly Fed Chief Warns of 'Significant Slowdown' in Q1

Philly Fed Chief Warns of 'Significant Slowdown' in Q1

Friday, 08 January 2021
Lending
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The president of the Philadelphia Federal Reserve has cautioned that he is bracing for the economy to lose much of its oomph in the first three months of 2020. So reports Dow Jones. Read more...
Proposed Changes to Appraisal Rules Hold Pros and Cons

Proposed Changes to Appraisal Rules Hold Pros and Cons

Friday, 08 January 2021
Lending
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A federal housing watchdog’s move to potentially overhaul home appraisal rules could save time but, if done wrong, could exacerbate racial inequities. So reports MarketWatch. Read more...
Bodnar of MMG: The Problem and Opportunity with Inflation

Bodnar of MMG: The Problem and Opportunity with Inflation

Thursday, 07 January 2021
Lending
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Bill Bodnar of The Mortgage Market Guide (MMG) discusses the big change in the financial markets. Read more...
Bodnar of MMG: What to Expect Heading Into 2021

Bodnar of MMG: What to Expect Heading Into 2021

Saturday, 02 January 2021
Lending
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Bill Bodnar of The Mortgage Market Guide (MMG) notes that heading into 2021, home loan rates are near the best levels ever. Read more...
Critical Defect Rate Highest Since 2018: ACES Report

Critical Defect Rate Highest Since 2018: ACES Report

Saturday, 02 January 2021
Lending
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ACES Quality Management, which provides enterprise quality management and control software for the financial services industry, released its quarterly ACES Mortgage QC Trends Report covering the second quarter (Q2) of 2020. Read more...
Forbearances Increase for 3rd Week in a Row: Black Knight

Forbearances Increase for 3rd Week in a Row: Black Knight

Saturday, 02 January 2021
Lending
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Forbearance plan volumes ticked upward for the third consecutive week, rising by 15,000 from the week prior and pushing the number of active plans to its highest level since early November. That's according to data from Black Knight. Read more...
FHFA Extends Multifamily Forbearance Through March

FHFA Extends Multifamily Forbearance Through March

Saturday, 02 January 2021
Lending
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The Federal Housing Finance Agency has pushed back the end date to March 31 for its forbearance program for landlords with multifamily mortgages. So reports Yahoo Finance. Read more...
Fed Policy for 2021 May Depend on Unusual Tools

Fed Policy for 2021 May Depend on Unusual Tools

Saturday, 02 January 2021
Lending
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With interest rates expected to stay near zero through 2023, and the coronavirus still rampant nationwide, the Federal Reserve will likely need to turn toward unorthodox monetary policy tools this year. So reports Yahoo Finance. Read more...
COVID-19 Stimulus Bill Extends Rental Relief

COVID-19 Stimulus Bill Extends Rental Relief

Saturday, 02 January 2021
Lending
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The 5,600-page coronavirus relief bill signed by President Trump on December 27 includes provisions extending assistance to renters. So reports The New York Times. Read more...

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