The Wall Street Journal, Aug. 14, 2023-Ben Eisen (subscription)Shares of Fannie Mae and Freddie Mac jumped Monday after a Washington D.C., jury ruled in favor of stockholders who disputed the …
Category: Top National News
Fannie, Freddie Shareholders Awarded $612M
HousingWire, Aug. 14, 2023-James Kleimann (subscription)The regulator of Fannie Mae and Freddie Mac improperly amended stock purchase agreements in 2012 when it allowed the U.S. Treasury to sweep up the …
Intercontinental Exchange Moves Closer to Completing $12 Billion Black Knight Takeover
MPA, Aug. 14, 2023-Candyd Mendoza Intercontinental Exchange (ICE) can now move ahead with its $12 billion takeover of mortgage software company Black Knight after the Federal Trade Commission dismissed a …
Homeowners in These Cities Feel ‘Trapped’ in Their Mortgage: Report
The Hill, Aug. 14, 2023-Alix Martichoux If we’ve learned anything about the real estate market these past few years, it’s that things change fast.https://thehill.com/homenews/4150919-homeowners-in-these-cities-feel-trapped-in-their-mortgage-report/
When the House Comes With a Tenant
UExpress, Aug. 11, 2023-Lew Sichelman It doesn’t happen often, but every once in a while would-be buyers run across a house for sale that also comes with a tenant.https://www.uexpress.com/home/housing-scene/2023/08/11
Bank Upheaval Drives Increase in Mortgage Payoff Fraud
National Mortgage News, August 11, 2023-Brad Finkelstein (subscription)Fraud attempts on mortgage payoffs increased by five times in the second quarter versus the prior three months, and based on July’s data, …
Mortgage Capital Proposal Could Weigh Heavier on Housing Than Banks
American Banker, Aug. 13, 2023–Kyle CampbellMany components of the capital rules that federal regulators proposed last month last month have elicited questions and concerns from in and around the banking …
In New York City, Some Real-Estate Battles Come Down to Inches
The Wall Street Journal, Aug. 14, 2023-Corinne Ramey (subscription)They say football is a game of inches. That is also true of the bruising sport of New York real-estate development.https://www.wsj.com/articles/luxury-hotel-new-york-diamond-district-614f658d
Why Fewer Credit Reports Could Mean More Complexity for Mortgages
National Mortgage News, Aug. 14, 2023-Bonnie SinnockThe Federal Housing Finance Agency’s proposed timeline for a long-awaited update to mortgage credit reporting and scoring starts with what looks like a relatively …
How Low is Home Inventory? Rocket Mortgage Now Chasing Realtors
Orange County (Calif.) Register, Aug. 11, 2023–Jeff LazersonNews from Rocket Mortgage. The Detroit-based lender said it’s adding 500 mortgage loan originators to target real estate agents around the nation. Previously, …