Inside Mortgage Finance, Dec. 3, 2021–John BancroftThe historic rally in agency residential MBS production that started from a global pandemic looks to be slowly running out of gas. Agency issuance …
Category: Top National News

Pay Heed to Performance Dates
UExpress, Dec. 3, 2021–Lew SichelmanIf your contract has a “time is of the essence” clause, it is a notice to both parties that failure to complete a required performance by …

More Middle-Class Americans Richer Thanks to Rising Home Values
Mortgage Professional America, Dec. 3, 2021–Candyd MendozaThe increase in homeownership and the steady rise in home values has driven an increase in US household wealth, particularly in middle-class households, a …

Are New Loan Limits for Fannie and Freddie Too High?
Orange County Register, Dec. 2, 2021–Jeff LazersonYou now can buy a $1,021,895 home in Los Angeles and Orange counties with as little as 5% down and still get a loan …

Podcast – A Lender’s Take On The Real Estate Market 2021
Real Crowd, Dec. 1, 2021–Macia CuencaJamie Woodwell. Vice president of Research and Economics at the Mortgage Bankers Association discusses the most recent Q3 Commercial/Multifamily Originations report.https://www.realcrowd.com/post/podcast-a-lenders-take-on-the-real-estate-market-2021

Nonbanks Quick to implement 2022 Conforming Loan Limits
HousingWire, Dec. 2, 2021–Maria VolkovaHomepoint, Guaranteed Rate and UWM said that the new conforming loan limits were in effect as of Dec. 1.https://www.housingwire.com/articles/nonbanks-quick-to-implement-2022-conforming-loan-limits/

Better Lays Off 900 Workers One Day after Capital Infusion
National Mortgage News, Dec. 2, 2021–Brad Finkelstein (subscription)Just a day after online lender Better.com amended a merger agreement to put cash on its balance sheet in order to expand, it …

CFPB Alters Threshold For Exempting Loans From Special Appraisal Requirements
National Mortgage Professional, Dec. 2, 2021–Katie JensenThe Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced the 2022 threshold for exempting …

Thousands Could Soon Lose–or Sell–Their Homes as Covid Mortgage Bailouts Expire
CNBC, Dec. 2, 2021–Diana OlickHundreds of thousands of homeowners remain in a tough spot. Three percent of borrowers, or 264,000 homeowners, are now delinquent on mortgages after their programs expired, …

Despite Low Mortgage Rates, America’s Housing Market Keeps Many First-Time Buyers on the Sidelines
MarketWatch, Dec. 2, 2021–Jacob PassyThere’s been a rebound in home-buying demand in recent weeks, as evidenced by mortgage application data. But first-time buyers aren’t behind the surge. The latest data …