Category: Top National News

Mortgage Daily, Sept. 4, 2018Monthly new business slipped at Fannie Mae. Loan performance on the secondary lender’s residential portfolio was the best in nearly 11 years.

Mortgage Daily, Sept. 4, 2018Securitizations of residential loans backed by Fannie Mae soared to a 19-month high, leading overall agency issuance higher.

National Mortgage News, Sept. 4, 2018–Brad Finkelstein (subscription)Delinquencies for loans securing commercial mortgage-backed securities continued to decline, although they are still well above rates for other types of investors, according to data compiled by the Mortgage Bankers Association.

Miami Herald, Sept. 4, 2018–Kenneth R. Harney (Washington Post Writers Group)Pete Mills, senior vice president for residential policy at the Mortgage Bankers Association, said given the bipartisan nature of the proposal and the breadth of constituents affected, he thinks the legislation has an excellent chance, though probably not until next year’s congressional session.

American Banker, Sept. 4, 2018–Kate Berry (subscription)Kathy Kraninger, a senior official at the Office of Management and Budget, was mostly tight-lipped about her plans for the agency at her July nomination hearing. But watchers saw clear signals of her interest in the agency’s budget as a focus, as well as in conducting cost-benefit analyses of all rulemakings.

Reuters, Aug. 31, 2018–Joy Wiltermuth, Natalie HarrisonCredit rating opinions on new types of residential mortgage bonds have become increasingly divided, making it harder for investors to gauge their risks.

National Mortgage News, Aug. 31, 2018–Kate Berry (subscription)The reg relief law, signed in May, exempts roughly 85% of banks and credit unions from reporting the expanded Home Mortgage Disclosure Act data points introduced for the 2018 reporting year. The mortgage industry lobbied heavily for the changes, particularly for an exemption from disclosures of all points and fees when a loan is originated.

UExpress, Aug. 31, 2018–Lew SichelmanThe American Dream has become the American Pipe Dream for many wannabe homeowners. Here’s why.

Mortgage Daily, Aug. 31, 2018–Sam GarciaInvestors who acquire distressed home loans at a significant discount could raise the value of their investments with financial counselors who help borrowers increase their cash flow.

Mortgage Daily, Aug. 31, 2018A 3 percent decrease from the prior seven-day period was recorded for the U.S. Mortgage Market Index for the week ended Aug. 31.