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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...
Pending Home Sales Fall for First Time in Four Months

Pending Home Sales Fall for First Time in Four Months

Friday, 30 October 2020
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September brought a surprise drop in home purchase agreements as affordability increasingly becomes a challenge for buyers. So reports CNBC. Read more...
Mortgage Rates Drift Near Historic Lows Ahead of Election

Mortgage Rates Drift Near Historic Lows Ahead of Election

Friday, 30 October 2020
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U.S. long-term mortgage rates didn’t change much in the week before the U.S. presidential election, hovering close to an all-time low set a week earlier. So reports the Associated Press. Read more...
Forbearances Inch Above 3 Million for First Time in Weeks

Forbearances Inch Above 3 Million for First Time in Weeks

Friday, 30 October 2020
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Mortgage forbearances have been on the rise once again, according to Black Knight. Read more...
Rocket’s Lendesk Acquires Finmo Financial Technologies

Rocket’s Lendesk Acquires Finmo Financial Technologies

Friday, 30 October 2020
Lending
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Rocket Companies subsidiary Lendesk Technologies has unveiled its acquisition of Finmo Financial Technologies, which offers a digital mortgage service to Canadian brokers. Read more...
Bodnar of MMG: Still About the Stimulus

Bodnar of MMG: Still About the Stimulus

Friday, 23 October 2020
Lending
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Is it on or is it off? Bill Bodnar of the Mortgage Market Guide (MMG) discusses the status of the stimulus and its impact whether it comes now or after the election. Read more...

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