Wall Street Journal, Mar. 9, 2022–Paul Kiernan (subscription)Federal regulators are considering a requirement that publicly traded companies disclose data breaches and other significant cybersecurity incidents within four days, as they …
Category: Top National News
Trump Refinances $100 Million Mortgage On Trump Tower With A Bank Headed By A Political Supporter
Forbes, Mar. 9, 2022–Zach EversonThe financing came from Axos Bank of San Diego, which launched in 2000 as Bank of Internet USA. Its CEO, Gregory Garrabrants, has contributed $50,000 to …
Brief Drop in Mortgage Rates Sparks Mini Refinance Boom
CNBC, Mar. 9, 2022–Diana OlickThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 4.09% from 4.15%, with points remaining unchanged at …
An Interesting Twist: Non-Agency MBS Issuers Stocking Deals with Ginnie EBOs
Inside Mortgage Finance, Mar. 9, 2022–Brandon IveyAn affiliate of Bayview Asset Management offered a $423.6 million non-agency MBS Tuesday with loans that were bought out from Ginnie Mae MBS. Non-agency …
Ukraine Invasion Upends U.S. Investor Bet on Russian Malls and Other Property
Wall Street Journal, March 8, 2022–Peter Grant and Konrad Putzier (subscription)War underscores the difficulty in assessing political risks in volatile markets; ‘there are no buyers for the product’https://www.wsj.com/articles/ukraine-invasion-upends-u-s-investor-bet-on-russian-malls-and-other-property-11646744401?
U.S. Mortgage Delinquency Rates Hit New Low Thanks to Two Factors
Mortgage Professional America, March 9, 2022–Candyd MendozaA combination of an improving jobs market and growing home equity pushed mortgage delinquency and foreclosure rates to their lowest levels in more than …
Single Women – How They Achieve Higher Rates of Homeownership
Mortgage Professional America, March 9, 2022–Tony CantuCoinciding with International Women’s Day and International Women’s Month, a new report shows that single women are outpacing their male counterparts in achieving home …
Don’t Miss Top Mortgage Technology Conference
Mortgage Professional America, Mar. 8, 2022MBA’s Technology Solutions Conference & Expo offers unrivaled access to top fintech and mortgage industry vendors. After two years of unexpected challenges, the biggest conference …
Stagflation Is Already Here in the Housing Market
Bloomberg, Mar. 8, 2022–Conor SenSoaring prices and low inventory are causing headaches for homebuilders and buyers but benefiting owners — and therein lies the Fed’s predicament as it seeks to …
Nearly $2B in Fannie Mae, Freddie Mac Servicing is Up for Sale
National Mortgage News, Mar. 8, 2022–Brad Finkelstein (subscription)Mortgage Industry Advisory Corp. is brokering for an unnamed mortgage banker a $1.94 billion Fannie Mae and Freddie Mac mortgage servicing rights portfolio.https://www.nationalmortgagenews.com/news/nearly-2b-in-fannie-mae-freddie-mac-servicing-is-up-for-sale