Good morning! Today is Monday, February 15 – President’s Day. Walmart’s vaccine rollout will target small towns. A major winter storm is spreading snow and ice from the Midwest, South, and now sweeping into the Northeast. Scientists accidentally discovered new animals a half mile under Antarctica ice.
And in mortgage and housing news …
FANNIE MAE INCOME: Fannie Mae released its 2020 financial results, reporting $11.8 billion in net income for the year and $4.6 billion in the fourth quarter.
HUD POLICY: Opinion – A historic housing crisis has America in its grip. Can Marcia Fudge save the day?
NONQUALIFYING MORTGAGES: Good news for self-employed borrowers. Nonqualifying mortgages are staging a comeback.
REDLINING: The acting CFPB chief is signaling a tougher stance against redlining.
FREDDIE MAC LEADERSHIP: Freddie Mac has created two new senior leadership roles in its single-family and multifamily business lines that are dedicated to addressing equity in housing.
EUROPEAN LENDERS: Lenders in Europe are using the pandemic to make changes investors have wanted for years: slash jobs, shut branches and force customers online.
RETIREMENT MORTGAGE: Three reasons not to pay off your mortgage before retirement.
DUE DILIGENCE: Hot real-estate markets across the U.S. led to a number of buyers snapping up homes without performing due diligence. Now they regret it.
10-YEAR MORTGAGE: If you aren’t bothered by higher monthly payments, a 10-year mortgage might be a good option.
FORECLOSURE BUYS: Homes in foreclosure have gotten more expensive, but you can still get a good buy.
CREDIT BUREAUS: President Biden wants to shut down credit bureaus. What would that mean for consumers.