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Bodnar of MMG: What Fed Week Developments Mean for Clients

Bodnar of MMG: What Fed Week Developments Mean for Clients

Friday, 29 January 2021
Lending
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Fed Chair Powell said three things important for mortgage/housing and the overall economy, said Bill Bodnar of The Mortgage Market Guide (MMG). Read more...
Forbearances Rise Again: Black Knight

Forbearances Rise Again: Black Knight

Friday, 29 January 2021
Lending
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The number of mortgages in active forbearance was up again, rising by 20,000 from Tuesday of the previous week. That's according to Black Knight’s McDash Flash Forbearance Tracker. Read more...
HUD Nominee Vows to Protect Homeowners Who’ve Fallen Behind

HUD Nominee Vows to Protect Homeowners Who’ve Fallen Behind

Friday, 29 January 2021
Lending
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President Joe Biden’s housing secretary nominee, Marcia Fudge, has told senators that her first priority if confirmed would be to defend the millions who have missed mortgage or rent payments because of lost earnings since COVID-19. So reports the Associated Press. Read more...
U.S. Economic Growth Slows to End Worst Year Since 1946

U.S. Economic Growth Slows to End Worst Year Since 1946

Friday, 29 January 2021
Lending
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The U.S. economy wrapped up its worst year since the end of World War II with a 4% seasonalized and annualized growth rate in the fourth quarter, matching analyst forecasts. So reports CNN. Read more...
New Home Sales Rebound to 842,000 in December

New Home Sales Rebound to 842,000 in December

Friday, 29 January 2021
Lending
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After a steep fall in November, new home sales increased in December to a seasonally adjusted annual rate of 842,000, according to Commerce Department data. So reports the Associated Press. Read more...
Bodnar of MMG: 3 Reasons Yields Remain Elevated

Bodnar of MMG: 3 Reasons Yields Remain Elevated

Saturday, 23 January 2021
Lending
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Bill Bodnar of The Mortgage Market Guide (MMG) said stocks enjoyed the Janet Yellen rally as she told the Senate to "go big" on the new stimulus plan, while rates remain low. He adds that this news has consequences for you and your clients. Read more...
Fannie Mae Hires Finance Vet as Chief Risk Officer

Fannie Mae Hires Finance Vet as Chief Risk Officer

Friday, 22 January 2021
Lending
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Fannie Mae has named Ryan Zanin, currently a member of the mortgage finance giant’s board of directors, as its executive vice president and chief risk officer. Read more...
Home Construction Soars to 14-Year High

Home Construction Soars to 14-Year High

Friday, 22 January 2021
Lending
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New U.S. home construction grew at a seasonally adjusted annual rate of 1.67 million units last month, a 5.8% increase over November and the strongest pace in 14 years. So reports the Associated Press. Read more...
Mortgage Rates Turn Lower Amid Stimulus Uncertainty

Mortgage Rates Turn Lower Amid Stimulus Uncertainty

Friday, 22 January 2021
Lending
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After rising to start 2021, mortgage rates have inched back downward as the Biden administration promotes its $1.9 trillion COVID-19 relief plan. So reports MarketWatch. Read more...
Foreclosures Fell to Record Low in 2020 Amid Virus Relief

Foreclosures Fell to Record Low in 2020 Amid Virus Relief

Friday, 22 January 2021
Lending
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Fewer foreclosures took place in the U.S. housing market last year than ever before, as federal and state relief measures in response to the coronavirus offset a deep recession. So reports BankRate.com. Read more...

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