NAMBLobbyist

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[NAMBLobbyist @LobbyistNamb]

HUD Secretary Marcia Fudge said FHA will not cut premiums in the near term.

[NAMBLobbyist @LobbyistNamb]

Housing insecurity and the COVID-19 pandemic | 11 million renter and homeowner households were significantly overdue on their regular housing payments as of December 2020, placing them at heightened risk of losing their homes to foreclosure or eviction... https://t.co/TkosjOK4jX

[NAMBLobbyist @LobbyistNamb]

Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until March 31, 2021.

[NAMBLobbyist @LobbyistNamb]

$5.3 Trillion

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This can’t end well.

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Democrats move to slow down/stop releasing Freddie and Fannie from conservatorship prior to Biden taking office. https://t.co/insar17j8z

[NAMBLobbyist @LobbyistNamb]

“His signoff would be required for any change in their legal status.
‘We’re going to not do anything that jeopardizes taxpayers and puts them at additional risk,’ Mr. Mnuchin said. ‘We also want to be careful .... to limit access to mortgage finance.’”
WSJ

[NAMBLobbyist @LobbyistNamb]

Treasury Secretary Steven Mnuchin suggested in an interview with The Wall Street Journal that he is unlikely to support a legal move — called a consent order — to end the government conservatorships of the mortgage-finance companies before President Trump leaves office.

[NAMBLobbyist @LobbyistNamb]

Also... FOR YOUR RADAR -- “Fannie, Freddie Privatization Decisions Likely to Be Left to Biden Administration,”
by WSJ’s Andrew Ackerman: “Joe Biden’s election victory has likely ended the Trump administration’s efforts to return Fannie Mae and Freddie Mac to private hands.

[NAMBLobbyist @LobbyistNamb]

CFPB issues final QM definition. https://t.co/nMuTgJyp3D

[NAMBLobbyist @LobbyistNamb]

U.S. Sen. Sherrod Brown (D-OH), Senate Banking Committee sent a letter to Federal Housing Finance Agency (FHFA) Director Mark Calabria, urging the Enterprises to renew their focus on facilitating safe, affordable refinance loans to all, including low-income borrowers.

[NAMBLobbyist @LobbyistNamb]

Biden will name Janet Yellen as Treasury secretary. This should open the door for liquidity help for housing. She will likely expand 13(3) emergency loan facility to help servicers cope with foreclosure and eviction moratoriums that could expand into 2021.

[NAMBLobbyist @LobbyistNamb]

Challenges likely to prolong results.

[NAMBLobbyist @LobbyistNamb]

Consumer Financial Protection Bureau Issues Final Rule Extending the GSE Patch https://t.co/V8XbF1RuML

[NAMB: Nat’l Assoc of Mortgage Brokers @NAMBpros]

Day 1 of NAMB was a huge success! And we couldn’t have done it without all of our exhibitors and sponsors. If you haven’t booked your one-on-one with them yet, do it right now for day 2.
#NAMBNational

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FHA Delinquency top 10 cities.

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@DrTCJ @WSJ Check out what the US Virgin Islands can do for those bringing jobs to the islands.

[NAMBLobbyist @LobbyistNamb]

Democratic Phase Four stimulus bill would require the Federal Reserve Board to create a liquidity facility to help mortgage services provide the forbearance for borrowers utilizing Cares Act mortgage deferment.

[NAMBLobbyist @LobbyistNamb]

What do Zillow executives know that we in the housing industry do not? That seems to be a lot of cashing in during lowest mortgage rates in 40 years.