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At Close: Sep 06, 2024
Wells Fargo buys $14B of delinquent mortgages tied to pandemic
08:35pm, Monday, 13'th Jul 2020
The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.
You might have a tough time getting a 'jumbo mortgage' during pandemic. Here's what to expect
07:13pm, Monday, 13'th Jul 2020
Banks and lenders remain more cautious about making loans for home purchases or mortgage refinances that are higher than the government limits for so-called conforming loans. Here's how to find a "jum
Another round of stimulus checks? Extended unemployment? Here are answers to key money questions
05:57pm, Monday, 13'th Jul 2020
It can hard to budget when you don't know what money will be coming in or going out. Here's an update on where your bill obligations and federal relief measures stand amid the pandemic.
NY Fed's Williams says timeline for ending Libor is unchanged by pandemic
12:00am, Monday, 13'th Jul 2020
NY Fed's Williams says timeline for ending Libor is unchanged by pandemic
[PULSE] Ginnie Mae restricts long-time legitimate business activity of mortgage servicers - HousingWire
09:02pm, Friday, 10'th Jul 2020
Ginnie Mae’s restriction on repooling of reperforming forborne loans penalizes servicers, whose continuing efforts to protect borrowers affected by COVID.
Supreme Court to hear Fannie Mae/ Freddie Mac Collins case - ValueWalk
04:57pm, Friday, 10'th Jul 2020
In a big win for Fannie Mae and Freddie Mac preferred shareholders, the Supreme Court has decided it will hear the Collins case.
Freddie Mac Prices Approximately $1.6 Billion Securitization of Re-Performing Loans | MarketScreener
02:01pm, Friday, 10'th Jul 2020What's more important when applying for a mortgage: excellent credit or 20% down payment?
01:00pm, Friday, 10'th Jul 2020
CNBC Select spoke with a loan officer who explained why the size of your down payment is just as important as your credit score in getting an affordable mortgage.
Coronavirus mortgage bailout sees biggest one-week decline, but more borrowers are extending terms
11:00am, Friday, 10'th Jul 2020
The number of homeowners in government and private sector mortgage bailout plans declined for the second straight week, as borrowers who got in earliest saw their plans expire.
Orchid Island Capital Has Short-Term Risks Due To Slowing Stimulus (NYSE:ORC)
06:39am, Friday, 10'th Jul 2020
Months ago, Orchid Island Capital was a clear buy, as the market had not yet accounted for the extremely bullish impact of Federal Reserve stimulus.
Supreme Court to Hear Case on Government Seizure of Fannie, Freddie Profits
12:51am, Friday, 10'th Jul 2020
The U.S. high court will wade into a yearslong dispute involving the federal takeover of Fannie Mae and Freddie Mac during the financial crisis of 2008, agreeing to review a case examining the governm
How soon will fixed mortgage rates fall below 2%?
06:59pm, Thursday, 09'th Jul 2020
“Rates will grind lower,” said Seth Sprague, principal at Stratmor Group. “Loans will get harder to do as the economy isn’t opening up.”
Mortgage rates hit record low as states roll back reopening plans
03:28pm, Thursday, 09'th Jul 2020
A surge in COVID cases prompts states to roll back reopening plans, and the average rate for a 30-year fixed loan hit 3.03 percent.
Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings
02:45pm, Thursday, 09'th Jul 2020
The move shows how Wells Fargo, the largest U.S. mortgage lender and biggest player in jumbo mortgages, is operating under the dual pressures of the coronavirus pandemic and a Federal Reserve cap on i
Crashing coastal property values and the economic fallout of climate change - The Boston Globe
09:36pm, Wednesday, 08'th Jul 2020
Climate change is already impacting New England coastal property. Maine, New Hampshire, Massachusetts, and Rhode Island have already lost $403 million in coastal property value.
