General World News

Biden-Harris Administration Continues Fight for Student Debt Relief for Millions of Borrowers, Extends Student Loan Repayment Pause

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Today, the U.S. Department of Education announced an extension of the pause on student loan repayment, interest, and collections. The extension will alleviate uncertainty for borrowers as the Biden-Harris Administration asks the Supreme Court to review the lower-court orders that are preventing the Department from providing debt relief for tens of millions of Americans. Payments […]

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Saudi Arabia Shocks Argentina at World Cup

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Saudi Arabia scored a major upset win Tuesday with a 2-1 victory over Argentina in their opening match at the men’s World Cup in Qatar. Argentina entered the tournament as the third-ranked team in the world, with Saudi Arabia ranked number 51. Lionel Messi put Argentina ahead in the tenth minute with a goal on […]

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Electric Cars Steal the LA Car Show 

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One of the world’s largest auto shows is underway in Los Angeles. The headline this year is high tech and electric vehicles. Veronica Villafañe has a sneak preview and more on this growing industry. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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Forbearance rate increased in October for the first time in 29 months

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The forbearance rate increased marginally in October after more than two years of declines, the Mortgage Bankers Association (MBA) reported Monday. The trade group previously noted that it expected pressures due to worsening economic conditions.  The total number of loans in forbearance in October increased to 0.70% of the servicers’ total portfolio volume, up one basis point […]

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HUD to allow borrowers of FHA mortgages to obtain private flood insurance

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Homeowners with the Federal Housing Administration-insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster.  The U.S. Department of Housing and Urban Development, through the FHA, announced on Monday that the change will go into effect on December 21, 2022. […]

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Meet the Real Life ‘Woman King’

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The Hollywood film “The Woman King” has received great praise for its portrayal of the fierce female warriors of Benin’s 1800s Kingdom of Dahomey. But where the kingdom once existed, the West African nation has a modern woman queen, who is still fighting for women’s rights. Henry Wilkins reports from Abomey, Benin. Camera: Henry Wilkins […]

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Meet Benin’s Real-Life ‘Woman King’

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“The Woman King” is a rare example of an African story told in the form of a Hollywood historical epic. Around the world, it has won praise for its acting, directing, and themes of female empowerment with women, led by General Nanisca, fighting a war that men cannot. While the film is set in the […]

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Bob Iger Returning to Disney as CEO for Two Years

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Former Walt Disney Co Chief Executive Bob Iger is returning to the media company as CEO less than a year after he retired, a surprise appointment that comes as the entertainment company struggles to turn its streaming TV services into a profitable business. Iger, who retired last year after 15 years as chief executive, has […]

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World Cup Draws Attention to Equal Rights, Including Attire

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Official-looking flyers have circulated on social media describing cultural expectations for fans attending the World Cup in Qatar. Some include rules for women’s attire: Shoulders and knees must be covered. Problem is, it’s bogus. While the local organizing committee suggests that fans “respect the culture,” no one will be detained or barred from games in […]

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Black Knight to sell TitlePoint back to Fidelity for $225M

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Black Knight agreed to sell its TitlePoint business unit to former parent company Fidelity National Financial for $225 million in cash. A sale of TitlePoint is expected ahead of Black Knight’s planned blockbuster acquisition by Intercontinental Exchange, Inc.  TitlePoint enables searches for detailed property information, images of documents and maps across the U.S. and is […]

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Housing industry continues to shed employees in economic downturn

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Don’t be fooled by last week’s mortgage rate collapse.  A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. “The U.S. housing market appreciation and the rapid increase in mortgage rates have reduced housing affordability and accelerated […]

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Adverse market fee fueled g-fee profitability in 2021

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Fannie Mae and Freddie Mac purchased a record $2.52 trillion in single-family loans in 2021, with the average guarantee fee — expected to cover credit losses, administrative costs and cost of capital — rising 2 basis points from the prior year to 56 bps. That uptick is largely thanks to the controversial 50 bps “adverse market […]

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Waterstone Mortgage hires new digital marketing director

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Wisconsin-based mortgage lender Waterstone Mortgage Corporation appointed Chik Quintans its new director of digital marketing, the company announced Thursday. In his new role, Quintans will oversee the digital marketing strategy to advance Waterstone Mortgage’s online presence through social media campaigns and content creation, in collaboration with graphic designers and communications specialists. Quintans will focus on […]

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MCT launches co-issue loan sales marketplace

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Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading, Inc. released a new marketplace for co-issue loan sales this week. Co-issue loan sales, also known as flow-based mortgage servicing rights sales, are three-way transactions involving the sale of loans to one of the agencies, with a simultaneous sale of the MSRs to a […]

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Russia’s Arts Scene Becomes Casualty of Putin’s War

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As the Kremlin escalates its war on Ukraine and tightens its clampdown on any domestic opposition to the invasion, the world of Russian arts and culture, historically opposed to violence and war, descends into pessimism. Marcus Harton narrates this report from VOA’s Moscow bureau. details ⇒ BusinessMediaguide.Com portal received this content from this noted web […]

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Meet the likely buyers of independent mortgage banks in 2023

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Wealthy individuals are among the likely buyers of independent mortgage banks in 2023, according to one M&A expert. ” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2022/11/independent-mortgage-banks.jpg?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2022/11/independent-mortgage-banks.jpg?w=1024″ width=”1200″ height=”675″ src=”https://www.housingwire.com/wp-content/uploads/2022/11/independent-mortgage-banks.jpg?w=1024″ alt=”independent mortgage banks” class=”wp-image-370313″ srcset=”https://www.housingwire.com/wp-content/uploads/2022/11/independent-mortgage-banks.jpg 1200w, https://www.housingwire.com/wp-content/uploads/2022/11/independent-mortgage-banks.jpg?resize=150,84 150w, https://www.housingwire.com/wp-content/uploads/2022/11/independent-mortgage-banks.jpg?resize=300,169 300w, https://www.housingwire.com/wp-content/uploads/2022/11/independent-mortgage-banks.jpg?resize=768,432 768w, https://www.housingwire.com/wp-content/uploads/2022/11/independent-mortgage-banks.jpg?resize=1024,576 1024w, https://www.housingwire.com/wp-content/uploads/2022/11/independent-mortgage-banks.jpg?resize=600,338 600w” sizes=”(max-width: 1200px) 100vw, 1200px”> By the time 2022 is wrapped up, mortgage lenders will have […]

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Mortgage demand rose on the back of slower inflation growth

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Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7% for the week ending November 11, according to the Mortgage Bankers Association (MBA). The […]

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Beyoncé Leads Grammy Nominations with 9, Ties Record

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Beyoncé has propelled herself into the highest Grammy echelon: The singer claimed a leading nine nominations Tuesday, making her tied — with her husband, Jay-Z — as the most nominated music act in the history of the awards show.  Beyoncé’s “Break My Soul” reeled in record and song of the year nominations, while “Renaissance,” which […]

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loanDepot ends repurchase agreement, shrinks funding capacity

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California-based mortgage lender loanDepot terminated a master repurchase agreement (MRA) with J.V.B. Financial Group, reducing its funding capacity amid sharply decreasing originations.  “The maximum amount available for financing of mortgage loans and mortgage-related securities available under the MRA and certain ancillary documents was $750 million,” according to loanDepot’s 8-K filing disclosed on Tuesday. No borrowings […]

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Pakistan’s Ban on Prizewinner ‘Joyland’ Movie Sparks Outrage

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In a last-minute controversial move, Pakistan has banned the screening of its international award-winning movie, “Joyland” in theaters across the country for containing “highly objectionable” content. The movie, which features a married man falling for a transgender woman, was supposed to be released in Pakistani cinemas Friday. In May, “Joyland” became the first Pakistani feature […]

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California City Designates ‘Little Arabia’ Neighborhood

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California is home to the largest Arab American community in the United States. That growing economic and political visibility is evident in Southern California’s newly designated “Little Arabia” neighborhood. For VOA, Genia Dulot takes us there. Videographer and producer: Genia Dulot details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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U.S. Department of Education Launches New Initiative to Support Career-Connected Learning and Increase Job Pathways for Young Americans

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Today, the U.S. Department of Education (Department) announced the launch of Raise the Bar: Unlocking Career Success, a new Biden-Harris Administration initiative supported by the Departments of Commerce and Labor to increase and expand access to high-quality training programs to help young Americans pursue jobs in today’s in-demand fields, and be prepared for careers of […]

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Olympics-Phrygian Caps to Be Paris 2024 Games Mascots 

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Phrygian caps will be the Paris 2024 Olympic and Paralympic Games mascots as organizers look to to celebrate the French revolution’s spirit. “‘Phryges’ aim to show that sport can change everything, and that it deserves to have a prominent place in our society,” Paris 2024 brand director Julie Matikhine said on Monday. The Phrygian caps […]

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The empire strikes back on lower mortgage rates

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After last week’s enormous bond and stock rally, I wondered when the Federal Reserve would make a statement to try to reverse some of that momentum. Well, it didn’t take long: on Sunday Federal Reserve Governor Christopher Waller made comments at an economic conference in Australia that made their position clear. This is the second […]

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Taylor Swift Wins Most Prizes at MTV Europe Music Awards

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Taylor Swift walked away with four prizes at MTV’s Europe Music Awards on Sunday, including best video for her 10-minute “All Too Well.”    Double-award winners included Nicki Minaj for best song and best hip-hop, and the French DJ and record producer David Guetta won the best electronic award and best collaboration.    The event, broadcast on […]