Trouble Ahead? Agency MBS Nears Pandemic Low in November

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 …

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 …