Inside Mortgage Finance, Apr. 26, 2023–James DohnertAfter a sharp decline in the fourth quarter of 2022, issuance of expanded-credit mortgage-backed securities recovered in the first quarter of 2023, according to …
Category: Top National News
Mortgage Demand Rebounds, Even as Interest Rates Hit the Highest Level in Over a Month
CNBC, Apr. 26, 2023–Diana OlickTotal mortgage application volume rose 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.https://www.cnbc.com/2023/04/26/mortgage-demand-rebounds-interest-rates-at-highest-level-in-over-a-month.html
US Banks Worry Commercial Real Estate Valuations May Pose Broader Economic Consequences
The Registry, Apr. 25, 2023–Vladimir BosanacU.S. banks are growing increasingly concerned about the drop in commercial property valuations and the possible risk to lenders’ balance sheets, some senior executives worry. …
Lack of Consultants Stymies FHA Purchase-Rehab Loan Program
National Mortgage News, Apr. 25, 2023–Bonnie Sinnock (subscription)The Mortgage Bankers Association also suggested in a separate letter that the administration “allow the use of outside consultants to oversee home renovations …
‘Locked In:’ Many Homeowners Feel Stuck in Place…But…
Yahoo!Finance, Apr. 25, 2023–Serah Louis4-in-5 potential sellers feel “locked in” to their current homes, due to their lower mortgage rates, according to a recent survey from Realtor.com. While more than …
Lower Mortgage Rates Won’t Make Homes More Affordable
Bloomberg, Apr. 25, 2023–Conor SenHomebuyers can’t catch a break. Sharply higher mortgage rates made houses more expensive and weakened demand without doing much to lower prices in most of the …
Mortgage Insurance Activity Declines in First Quarter
Inside Mortgage Finance, Apr. 25, 2023–John BancroftFannie Mae, Freddie Mac and Ginnie Mae securitized $123.40 billion of loans with government or private mortgage insurance during the first quarter of 2023, …
Bipartisan Nationwide RON Bill Reintroduced
The MREport, Apr. 25, 2023–Eric C. PeckTrade associations endorsing the bill include the American Land Title Association, Mortgage Bankers Association, National Association of Realtors and American Council of Life Insurers.https://themreport.com/news/origination/04-25-2023/nationwide-ron-bill-reintroduced
CFPB Still Has Not Notified Consumers About Data Breach
American Banker, Apr. 24, 2023–Kate Berry (subscription)The CFPB said it is still working with financial institutions to notify consumers about the Feb. 14 breach in which a now-former bank examiner …
‘It’s Going to Hit Consumers Hard,’ Those with Higher Credit Scores May Pay Higher Mortgage Fees
CBS News, Apr. 25, 2023–Courtney ColeBeginning May 1, some people with higher credit scores may actually end up paying a higher fee while those with lower scores will pay less.https://www.cbsnews.com/boston/news/mortgage-fee-changes-good-high-credit-scores/