Mortgage Professional America, Apr. 4, 2022–Tony CantuThe Mortgage Bankers Association – the national group representing the real estate finance industry – recently praised the federal government’s efforts to root out …
Category: Top National News
HECM Endorsements Hit 11-Year High
National Mortgage News, Apr. 4, 2022–Spencer Lee (subscription)Endorsements of Home Equity Conversion Mortgages in March jumped to their highest level since March 2011, as seniors took advantage of increasing equity.https://www.nationalmortgagenews.com/news/hecm-endorsements-hit-11-year-high
Redfin Vertically Integrates with Bay Equity Home Loans Purchase
National Mortgage Professional, Apr. 4, 2022–Doug PageRedfin completed its purchase of Bay Equity Home Loans for $137.8 million in cash, allowing the online real estate company to offer its homebuyers …
Movement Mortgage Lays Off 170 Employees
HousingWire, Apr. 4, 2022–Flavia Furlan NunesSouth Carolina-based Movement Mortgage laid off around 170 employees in March, another case of a top-25 mortgage lender paring back its workforce due to a …
Three Challenges Facing Single Female Borrowers Entering the Mortgage Market
Urban Institute, Mar. 30, 2022–Laurie Goodman, Jun ZhuThe authors explore the demographic profiles of single female borrowers and how they have fared in the mortgage market during the COVID-19 pandemic. …
The 1Q22 Tally: Expanded-Credit Props Up Non-Agency Market
Inside Mortgage Finance, Apr. 4, 2022–Brandon IveyIssuance of expanded-credit mortgage-backed securities increased on a sequential basis in the first quarter while prime non-agency MBS activity tumbled, according to a new …
Blend’s Rough Q4 Earnings Report Spurs Lowered Expectations for 2022
National Mortgage News, Apr. 1, 2022–Brad Finkelstein (subscription)Following substantial losses in the fourth quarter, and greater declines in its first year as a public company, mortgage technology provider Blend has …
Thompson Says FHFA is Preparing GSEs for End of Conservatorship
National Mortgage News, Apr. 1, 2022–Kyle Campbell (subscription)The Federal Housing Finance Agency is preparing the government-sponsored enterprises for life after conservatorship, acting director Sandra Thompson said Thursday.https://www.nationalmortgagenews.com/news/thompson-says-fhfa-is-preparing-gses-for-end-of-conservatorship
N.J. Man Gets More Than 8 Years in Prison For 10-Year Mortgage Fraud Scheme
National Mortgage Professional, Apr. 1, 2022–Keith GriffinThe Department of Justice reports Seth Levine, 53, of Teaneck, N.J., was sentenced to 97 months in prison on March 30 for orchestrating a …
Should Home Buyers Be Worried About a Yield Curve Inversion?…
MarketWatch, Apr. 1, 2022–Jacob Passy“Mortgages are complicated instruments,” said Michael Fratantoni, chief economist at the Mortgage Bankers Association.https://www.marketwatch.com/story/mortgages-are-complicated-instruments-should-home-buyers-be-worried-about-a-yield-curve-inversion-economists-say-keep-your-eyes-open-for-these-signals-11648824917