Bonnie Sinnock

Capital Markets Editor

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Bonnie Sinnock is the capital markets editor of National Mortgage News. She has been writing and editing for NMN and affiliated publications since 1995. He work also has appeared in several other publications, including the Los Angeles Times and the Los Angeles Independent.

Election 2020

The two California ballot measures that worry commercial lenders

One could change how commercial property is taxed, the other could change rent control policies. Both might affect financing.

By Bonnie Sinnock

October 14
Law and regulation

HUD finalizes contentious revamp of fair-lending rule with one tweak

The final version of the amended rule, like the original proposal, makes fair-lending claims tougher to prove. But it does soften language that otherwise might have allowed mortgage companies to use algorithms to prove nondiscrimination.

By Bonnie Sinnock

September 9
Election 2020

Divisions in mortgage industry emerge ahead of 2020 election

Political donations from the sector and interviews with industry experts highlight a wide range of views on affordable housing resources, the appropriate level of regulatory relief and how policymakers should enforce fair housing rules.

By Bonnie Sinnock

August 27
Mortgages

Kasasa rolls out mortgage offering for credit unions

The product, which is also aimed at community banks, includes a "take-back" option that allows consumers to withdraw extra funds they've paid that go beyond their monthly scheduled mortgage payment.

By Bonnie Sinnock

August 25
FHFA

Refi fee will wipe out millions in mortgage profits

Lenders initially won't be able to pass on the cost of the Federal Housing Finance Agency's "adverse market fee" to borrowers whose rates on GSE-backed mortgages and refinances are already locked in.

By Kate Berry

August 20
Financial regulations

Bipartisan bill aims to offer savings accounts for down payments

The American Dream Down Payment Act would let states establish and manage accounts, which would be similar in structure to 529 college savings plans.

By Bonnie Sinnock

August 6
Underwriting

Housing groups seek change to FHA loan restriction on student debt

An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.

By Bonnie Sinnock

August 5
Career moves

Wells Fargo hires Flagstar Bank's Kristy Fercho to lead home lending

Fercho will join Wells Fargo in August and report to Mike Weinbach, the bank's CEO of consumer lending.

By Bonnie Sinnock

July 9
Racial Bias

Breaking down the color barriers to homeownership

How the mortgage and housing industries react to the current civil rights moment could shape policies and bridge the homeownership divide for the Black community.

By Paul Centopani

June 19
Homebuilders

Lenders in the construction market hold their breath as economy reopens

The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists.

By Bonnie Sinnock

June 16