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Lending (1538)

Veteran Home Loan Program Allows $0 Down on New Construction

Veteran Home Loan Program Allows $0 Down on New Construction

Thursday, 19 November 2020
Lending
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Data released from the Department of Veteran’s Affairs for their fiscal 4th quarter of 2020 showed the number of VA home purchase loans that were guaranteed at 128,927, an increase of 11.27% from the 4th quarter of 2019 which showed 115,873 home purchase loans guaranteed. Read more...
Freddie Mac CEO Out

Freddie Mac CEO Out

Friday, 13 November 2020
Lending
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David Brickman, CEO of Freddie Mac since 2018, is stepping down on Jan. 8, 2021. He tendered his resignation recently. So reports The American Banker. Read more...
Weekly Unemployment Claims Slow to Pandemic Low of 709,000

Weekly Unemployment Claims Slow to Pandemic Low of 709,000

Friday, 13 November 2020
Lending
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The weekly number of Americans filing for unemployment assistance for the first time has fallen to another pandemic-era low, but millions remain jobless. So reports CNBC. Read more...
NY Fed President Warns Economy Remains in 'Deep Hole'

NY Fed President Warns Economy Remains in 'Deep Hole'

Friday, 13 November 2020
Lending
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While the U.S. economy is on an upward path, it remains in a “deep hole” and could be hobbled by an uptick in COVID-19 cases, according to New York Federal Reserve Bank President John Williams. So reports Reuters. Read more...
Mortgage Rates Rise From 12th Record Low Amid Vaccine Hopes

Mortgage Rates Rise From 12th Record Low Amid Vaccine Hopes

Friday, 13 November 2020
Lending
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Mortgage rates have rebounded modestly from their 12th all-time low of 2020 amid encouraging activity around a COVID-19 vaccine. So reports MarketWatch. Read more...
'Not OK? That’s OK' Ad Campaign Targets Distressed Borrowers

'Not OK? That’s OK' Ad Campaign Targets Distressed Borrowers

Friday, 13 November 2020
Lending
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The Mortgage Bankers Association has joined a coalition of financial services stakeholders in a consumer awareness campaign for distressed borrowers called “Not OK? That’s OK.” Read more...
37,000 Fewer Forbearances This Week, Driven by October Expirations

37,000 Fewer Forbearances This Week, Driven by October Expirations

Friday, 06 November 2020
Lending
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After ticking up slightly last week, forbearance volumes fell by 137,000 (-5%) since the previous Tuesday, driven by October forbearance expiration activity. Read more...
Bodnar of MMG: The Election, Unemployment and a Tough Time for Bonds

Bodnar of MMG: The Election, Unemployment and a Tough Time for Bonds

Friday, 06 November 2020
Lending
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Bill Bodnar of The Mortgage Market Guide discusses the impact of the election on bonds. Read more...
Fannie Mae Taps Ex-FDIC Boss Sheila Bair for Board Chair

Fannie Mae Taps Ex-FDIC Boss Sheila Bair for Board Chair

Friday, 06 November 2020
Lending
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Fannie Mae has named Sheila Bair, the former head of the Federal Deposit Insurance Corporation, as the chair of the mortgage giant’s board of directors. Read more...
Unemployment Dips But Jobs Total Still Way Down Post-Pandemic

Unemployment Dips But Jobs Total Still Way Down Post-Pandemic

Friday, 06 November 2020
Lending
Written by
The Department of Labor has announced that the unemployment rate dropped one percentage point to 6.9% in October, though the U.S. economy still has 10.1 million fewer jobs than when the coronavirus hit in March. So reports the Associated Press. Read more...

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