Category: Top National News

HousingWire, June 20, 2022–Georgia KromreiMortgage industry stakeholders say a new 50 basis point fee on some Fannie Mae and Freddie Mac securities runs counter to the premise of a uniform …

Mortgage Professional America, June 20, 2022–Tony CantuThe Mortgage Bankers Association has selected Philadelphia as the site for its next CONVERGENCE initiative aimed at narrowing the racial homeownership gap.https://www.mpamag.com/us/news/general/mba-tackles-homeownership-inequities-with-new-initiative/410177

HousingWire, June 17, 2022–James KleimannWells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter.https://www.housingwire.com/articles/wells-fargos-rapidly-shrinking-mortgage-business/

National Mortgage News, June 17, 2022–Bonnie Sinnock (subscription)Lenders that aren’t depository institutions made nearly two-thirds of all traditional home-purchase loans last year, according to the Federal Financial Institutions Examination Council’s …

Fox Business, June 17, 2022–Kelsey RamirezA new report from the Consumer Financial Protection Bureau (CFPB) revealed many homeowners are struggling to make their monthly mortgage payments after exiting COVID-19 hardship …

Business Insider, June 17, 2022–Harry RobertsonGoldman Sachs expects the growth in US home prices to slow down sharply, as rising interest rates push up mortgage costs and make houses much …

National Mortagge Professionak, June 17, 2022–David KrechevskyMortgage applications to buy new homes fell in May from both the previous month and last year as rising mortgage rates dampened demand, the …

Inside Mortgage Finance, June 17, 2022–Paul MuoloIf warehouse lending executives can agree on one thing, it’s this: The bull market in commitments and usage rates of the past two years …