Tuesday , 27 October 2020

Buzz Feed

Going the Extra Mile

Editor’s note: this piece originally appeared in the October edition of MReport. In a highly cyclical industry known for having a high turnover rate, finding the right fit between lenders and loan officers has never been easy. Few loan officers end their careers with the same lender they started with, and even the biggest lenders … The post Going the …

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One Region Saw Increased Reverse Mortgage Activity in September

Home Equity Conversion Mortgage (HECM) endorsements continued their slow decrease in September, dropping by 1.75% from August at 3,937 loans.  The full report shows that this is the first time the HECM volume has fallen below 4,000 since the volume peaked in May. The volume seen in September is still much higher than the HECM … The post One Region …

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Strong Hombuying Demand Slowing Down; Record Builder Confidence; Fewer 2nd Homes

While applications for new home purchase mortgages jumped in September, the Mortgage Bankers Association (MBA) expects only modest changes in the September sales data. MBA’s Builder Application Survey (BAS) data shows mortgage applications for new home purchases increased 38.2 percent in September compared to a year earlier but were down 5 percent from August 2020 . The latter change does …

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FHFA Says Agency Has Kept Borrowers ‘Safe’ During Crisis

FHFA Director Mark Calabria spoke Monday at a virtual event, where his session focused on the agency’s current priorities. Calabria used his allotted time at a Mortgage Bankers Association (MBA) event to outline steps the FHFA has taken to protect borrowers and renters during the COVID-19 pandemic. He also announced a new FHFA rule, which, … The post FHFA Says …

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Director Discusses FHFA’s ‘Swift’ COVID-19 Response

FHFA Director Mark Calabria spoke Monday at a virtual event, where his session focused on the agency’s current priorities. Calabria used his allotted time at a Mortgage Bankers Association (MBA) event to outline steps the FHFA has taken to protect borrowers and renters during the COVID-19 pandemic. He also announced a new FHFA rule, which, … The post Director Discusses …

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New-Home Construction in Areas at Risk of Wildfire

According to data related to wildfires, new homes continue to be constructed in high risk areas. Cape Analytics used artificial intelligence to analyze wide swaths of geospatial imagery to help insurers and other companies better understand properties and property risk, the company reported. “We wanted to explore exactly how much sprawl there has been in … The post New-Home Construction …

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Former Fannie Mae CEO James A. Johnson Dies at 76

James A. Johnson, who served as CEO of Fannie Mae from 1991 to 1998 and was a Democratic campaign operative, died on Sunday, Oct. 18 at the age of 76. His son, Alfred, told The Washington Post and Wall Street Journal that he passed away due to complications from a neurological condition at his home … The post Former Fannie …

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Remembering Former Fannie Mae CEO James A. Johnson

James A. Johnson, who served as CEO of Fannie Mae from 1991 to 1998 and was a Democratic campaign operative, died on Sunday, Oct. 18 at the age of 76. His son, Alfred, told The Washington Post and Wall Street Journal that he passed away due to complications from a neurological condition at his home … The post Remembering Former …

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