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Bodnar of MMG: 3 Reasons Yields Remain Elevated

Bodnar of MMG: 3 Reasons Yields Remain Elevated

Saturday, 23 January 2021
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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
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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
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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
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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
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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...
Rocket Mortgage Super Bowl Squares Sweepstakes Returns

Rocket Mortgage Super Bowl Squares Sweepstakes Returns

Friday, 15 January 2021
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Rocket Mortgage announced entries are open for the second annual Rocket Mortgage Super Bowl Squares Sweepstakes, the world’s largest official game of Super Bowl squares. Read more...
Bodnar of MMG: Stimulus Plan Brings 3 Things Rates Don't Like

Bodnar of MMG: Stimulus Plan Brings 3 Things Rates Don't Like

Friday, 15 January 2021
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2021 has ushered in plenty of market turbulence, according to Bill Bodnar of The Mortgage Market Guide (MMG). Rates have been on the rise due to escalating inflation expectations. Read more...
FHFA to Keep COVID-19 Loan Flexibility Through February

FHFA to Keep COVID-19 Loan Flexibility Through February

Friday, 15 January 2021
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The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will extend several flexible standards for loan originations by another month. Read more...
Trump Sets Fannie, Freddie Path, But Biden Has Final Say

Trump Sets Fannie, Freddie Path, But Biden Has Final Say

Friday, 15 January 2021
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President Donald Trump’s Treasury Department has unveiled a plan that would effectively suspend Fannie Mae and Freddie Mac’s dividend payments to the U.S. government, setting them on track to leave government control. So reports Bloomberg. Read more...
Biden Calls for Extending Foreclosure Moratorium in Relief Plan

Biden Calls for Extending Foreclosure Moratorium in Relief Plan

Friday, 15 January 2021
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President-elect Joe Biden has urged continuing moratoriums on eviction and foreclosure on government-backed mortgages to September 30 as part of his $1.9 trillion coronavirus relief plan. So reports MarketWatch. Read more...

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