National Mortgage News, Feb. 24, 2023–Bonnnie Sinnock (subscription)The expenses associated with nonperforming loans have returned to pre-pandemic levels, according to the latest numbers the Mortgage Bankers Association released at its …
Category: Top National News
Loan Comparison Sites Not All Fair
The Housing Scene (UExpress), Feb. 24, 2023–Lew SichelmanHomebuyers hunting for financing often turn to online mortgage comparison platforms to find the lowest rates available. But some may have been duped …
Banking Regulators Not Giving Ground on MSR Risk Weighting
Inside Mortgage Finance, Feb. 24, 2023–Sam ManasMortgage Bankers Association President Bob Broeksmit this week took aim at federal banking regulators for the 250% risk weighting they’ve placed on mortgage servicing …
Wells Lays Off Hundreds More Mortgage Bankers
NEXT, Feb. 24, 2023In a new round of layoffs, Wells Fargo shed “hundreds” of its remaining mortgage bankers and home loan consultants this week, according to multiple reports. Some of …
Average Monthly Mortgage Payments Near $2,000
MReport, Feb. 23, 2023–Kyle G. HorstUsing data from the Mortgage Bankers Association’s Purchase Applications Payment Index and the Weekly Applications Survey, MBA found that the national median mortgage payment applied …
FHFA Proposes More Changes to Enterprises’ Capital Framework
National Mortgage News, Feb. 23, 2023–Bonnie Sinnock (subscription)Fannie Mae and Freddie Mac’s regulator on Thursday released a new series of possible tweaks to some financial parameters they work within, which …
Congress Questions GSE’s Non-Performing Home Loan Sales
Multi-Housing News, Feb. 21, 2023–Lew SichelmanFive Democratic members of the Senate Finance Committee, including the panel’s chairman, have called on the Federal Housing Finance Agency to review the non-performing loan …
FHA Lower Mortgage Insurance Fees Could Save Borrowers $1,500 Annually
Orange County Register, Feb. 23, 2023–Jeff LazersonThinking about buying a home with an FHA mortgage? It’s best you delay signing that mortgage application until March 20, after the White House …
Your Credit Score Affects Your Mortgage Rate—Here’s How to Improve It
Wall Street Journal, Feb. 22, 2023–Aly Yale (subscription)Mortgage rates are highly personalized. And while average rates can give you a ballpark of what to expect as a borrower, your finances—and …
Despite Tech Layoffs and Housing Slowdown, San Francisco’s Real-Estate Market Creeps Back to Life
Wall Street Journal, Feb. 23, 2023–E.B. Solomont (subscription)Buyers who sat on the sidelines are slowly returning, as prices in the Bay Area fall to prepandemic normshttps://www.wsj.com/articles/san-francisco-real-estate-tech-layoffs-housing-slowdown-d8996d6f?