National Mortgage Professional, Oct. 3, 2023–Lew SichelmanFirst-time homebuyers have to leave renters’ mentality behind when it comes to costs.Click here for more–Page 10
Category: Top National News
Stopgap Budget Pact Averts Shutdown But Lifts Mortgage Rates
National Mortgage News, Oct. 02, 2023–Bonnie SinnockA last-minute, temporary budget agreement has headed off a potential interruption in public services that would have affected mortgage operations, but it didn’t do …
Katy Perry’s Housing Battle Sparks Bills to Protect Elderly Homeowner Rights
Salon, Oct. 3, 2023–Nardos HaileKaty Perry’s housing battles with California homeowners have inspired change but not in the way you might think. The pop star’s legal contention with an elderly …
Mortgage Banks: Don’t Overlook Value in Low-Dollar Loans
The M Report, Oct. 3, 2023–Kyle G. HorstConventional wisdom dictates that originating and servicing higher loan balances equals higher profits. However, according to a new white paper released by the …
GSE Buybacks Increase in 2Q; Pending Requests Down
Inside Mortgage Finance, Oct. 3, 2023–John BancroftGSE-related buybacks increased by 2.3% on a quarterly basis.Click here for more.
Federal Court Rules Against Servicers in Pay-to-Pay Lawsuit
National Mortgage News, Oct. 02, 2023–Spencer LeeA federal district court in Houston ruled in favor of a class-action plaintiff last week in a three-year-old case involving pay-to-pay fees, approving a …
NFIP Extended to Mid-November as US Government Shutdown Avoided
The Insurer, Oct. 2, 2023The National Flood Insurance Program (NFIP) has been extended to 17 November as a stopgap bill to keep the US federal government open was passed on …
OnPolitics: Winners and Losers From the Messy Government Shutdown Fight
USA Today, Oct. 2, 2023–Marina PitofskyCongress is having a particularly exhausting Monday, after working over the weekend to dodge a government shutdown. In a stunning twist, lawmakers from both sides …
Winners & Losers in the New Interest Rate Regime
Wall Street Journal, Oct. 2, 2023–Hardika SinghWall Street is contending with a new normal: Interest rates are likely to be higher for longer.Click here for more. (subscription)
‘It’s Still a Seller’s Market’ Despite Mortgage Rates Hitting 23-Year High
USA Today, Oct. 2, 2023–Swapna Venugopal RamaswamyAt 7.3% the week ending Sept. 28, the 30-year fixed-rate mortgage hit the highest level since 2000, according to Freddie Mac. Meanwhile, home prices …