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NY Fed President Warns Economy Remains in 'Deep Hole'

NY Fed President Warns Economy Remains in 'Deep Hole'

Friday, 13 November 2020
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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
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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
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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
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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
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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
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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
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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...
Fed Holds Rates Steady, Reiterates Call for More Stimulus

Fed Holds Rates Steady, Reiterates Call for More Stimulus

Friday, 06 November 2020
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The Federal Reserve has announced that it will keep its benchmark interest rate unchanged, as officials again pushed Congress for further economic relief. So reports NBC News. Read more...
U.S. Mortgage Rates Fall to 12th Record Low of 2020

U.S. Mortgage Rates Fall to 12th Record Low of 2020

Friday, 06 November 2020
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As votes were being counted in the presidential election, U.S. mortgage rates returned to record-low territory. So reports United Press International. Read more...
Bodnar of MMG: Biggest News Week in a Very Long Time

Bodnar of MMG: Biggest News Week in a Very Long Time

Friday, 30 October 2020
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Bill Bodnar of The Mortgage Market Guide says the first week of November will have a number of events he'll be keeping an eye on. Read more...

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