Wednesday , 30 September 2020

Around The Web

Mortgage Rates End Another Week at Lows

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates improved for a second day, and ended at their lowest levels for a second straight week. The most prevalent conventional 30yr fixed quote remains 4.0% for top tier borrowers, but several lenders moved down to 3.875%. Additionally, the less aggressively priced lenders have rejoined the pack after moving up to …

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Winners in Fannie Mae NPL Auction Announced

By Brian Honea SW Sponsor, LLC, was the winning bidder for Pool No.1 , which included 710 loans with an aggregate UPB of $173.8 million; the winning bidder for pool #2, which included 2,358 loans with an aggregate UPB of $587.9 million, was Neuberger Berman Fixed Income Funds’ affiliate PRMF Acquisition LLC. The post Winners in Fannie Mae NPL Auction …

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Mortgage Analysis Says Borrowing Less Costs More

By xhevrije Zillow released a mortgage analysis of loan requests and quotes finding that borrowers with loans of $100,000 pay 10 percent more for every dollar borrowed due to higher interest rates and fees compared to borrowers with $400,000 home loans. Furthermore, borrowers with small loans tend to have trouble finding lenders to lend to them. The post Mortgage Analysis …

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Survey Shows Applications for New Home Purchases are Up

By xhevrije The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) results showed mortgage applications for new home purchases increased by 0.3 percent compared to last month for April 2015. No adjustments for typical seasonal patterns were included in this data. The post Survey Shows Applications for New Home Purchases are Up appeared first on theMReport.com. Via:: Survey Shows Applications …

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Would a Fed Rate Hike Surprise Really Matter?

By Jann Swanson Posted To: MND NewsWire Any change in interest rates will be sprung on the markets if John Williams, Federal Reserve Bank of San Francisco president, gets his way. While we suspect that any shock value surrounding this particular event would be moot, Williams told CNBC this week that “My personal preference is that we don’t have the …

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Groups Ask Congress for “Breathing Room” on TRID

By Jann Swanson Posted To: MND NewsWire There was an unusual degree of consensus at a Congressional hearing on implementation of the new Truth-in-Lending (TILA) and RESPA Integrated Disclosure Rule (TRID). All four individuals testifying on behalf of different housing industry interests overwhelmingly agreed that, while implementation of TRID should continue as scheduled on August 1 , there should be …

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FHFA Updates Mortgage-Backed Security Structure Initiative

By Brian Honea According to the FHFA, the initial goal was to assist in building a Common Securitization Platform (CSP) and support the statutory obligation to ensure the liquidity of the nation’s housing finance markets issued by the FHFA. Taxpayers would also not have suffer the cost of subsidizing Freddie Mac’s securitization of single-family mortgage loans with the Single Security. …

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Subcommittee Discusses TILA-RESPA Rule Changes to Real Estate Process

By xhevrije Chairman of the House Financial Services Housing and Insurance Subcommittee, Blaine Luetkemeyer (R-MO) held a hearing yesterday to analyze how proposed changes to the real estate process will affect lenders and consumers. The post Subcommittee Discusses TILA-RESPA Rule Changes to Real Estate Process appeared first on theMReport.com. Via:: Subcommittee Discusses TILA-RESPA Rule Changes to Real Estate Process       

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