National Mortgage News, May 10, 2022–Bonnie Sinnock (subscription)From the start, the Biden-era Federal Housing Finance Agency has been focused on its public mission, but now that the pandemic has receded …
Category: Top National News
Homeowners are Seeking Roommates to Help Pay Their Mortgages
Bloomberg, May 9, 2022–Pauline Cachero, Alice KantorMore buyers in the U.S. are opening up to the idea of renting out a room as expenses surge. (MBA mention)https://www.bloomberg.com/news/articles/2022-05-09/how-to-afford-rising-mortgage-costs-many-americans-are-finding-roommates?srnd=premium
First American Financial Acquires Mother Lode for $300 Million
Mortgage Professional America, May 9, 2022–Tony CantuFirst American Financial Corp. announced its acquisition of Mother Lode Holding Co. – a California-based provider of title insurance, underwriting and escrow services for …
Title Insurance Industry Premiums Spike $7B Year Over Year
HousingWire, May 9, 2022–Brooklee HanThe American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to …
More Homebuyers Opt for Adjustable-Rate Mortgages, Along with the Risks
NBC News, May 9, 2022–Martha C. WhiteRapidly rising mortgage rates and record-high home prices have fueled a comeback of adjustable-rate mortgages, along with concerns that some homeowners may be signing …
An Aging Banking Law Gets an Internet Overhaul
Protocol, May 9, 2022–Veronica Irwin et alThe OCC, Federal Reserve and FDIC issued a joint proposal Thursday for revamping the Community Reinvestment Act. ““The Community Reinvestment Act for independent mortgage …
As Deliveries Decline, GSE Seller/Servicers Loosen the Credit Box
Inside Mortgage Finance, May 9, 2022–Dennis HollierFannie Mae and Freddie Mac issued a combined $118.74 billion of single-family mortgage-backed securities in April, a 15.0% decline from March and a hefty …
Boeing Names NoVa Location as Global Headquarters, Establishes R&D Hub
ConnectCRE, MAy 9, 2022–Lisa McDuffieBoeing announced that its Arlington, Va., campus will serve as the company’s global headquarters. In addition to designating NoVA as its new headquarters, Boeing plans to …
Credit Washing Creeps into the Mortgage Space
National Mortgage News, May 9, 2022–Brad Finkelstein (subscription)Fraud experts are concerned that credit washing, in which borrowers make false claims about being victims of identity theft, is making its way …
Negotiable? Yeah, Right
UExpress, May 6, 2022–Lew SichelmanIn a competitive marketplace, the report says, commissions would “vary considerably” because agents have different skill sets and experience levels. They might have to work harder …