National Mortgage News, Feb. 15, 2022–Brad Finkelstein (subscription)Even as Fannie Mae’s net worth almost doubled in the fourth quarter compared with 12 months prior, the government-sponsored enterprise remains significantly undercapitalized, …
Category: Top National News
Senate Republicans Block Vote on Biden’s Fed Nominees
Wall Street Journal, Feb. 15, 2022–Andrew Ackerman, Nick Timiraos (subscription)Senate Republicans refused to attend a crucial committee vote on President Biden’s nominees to the Federal Reserve over a disagreement with …
Former Gaming Prodigy Sets His Sights on Mortgage Industry Leadership
Mortgage Professional America, Feb. 15, 2022–Tony CantuIn his teen years, all David Abelya wanted to do was play video games – after all, he was something of a gaming prodigy, …
MBA CREF 22: FHA Removes Temporary COVID Mitigants for Multifamily Loans
Commercial Observer, Feb. 15, 2022–Andrew CoenLopa Kolluri, principal deputy assistant secretary for the Office of Housing and FHA at the U.S. Department of Housing and Urban Development, announced Monday at …
Late Payments Decline but Serious Delinquencies are Elevated
Inside Mortgage Finance, Feb. 15, 2022–Brandon IveyThe reading for total delinquencies as of the end of 2021 suggests that late payments tied to the pandemic are in the past, according …
CFPB Hopes to Reverse Court Decision that Handed Ocwen a Win Last Year
HousingWire, Feb. 14, 2022–Maria VolkovaNearly a year after a federal judge dismissed the Consumer Financial Protection Bureau‘s mortgage servicing misconduct suit against Ocwen Financial Corp., the watchdog agency is hoping …
Remote Loan Originations Now Offered Permanently in Pennsylvania
National Mortgage News, Feb. 14, 2022–Spencer Lee (subscription)Pennsylvania has made remote loan originations easier, as Governor Tom Wolf signed new legislation that grants permanent work-from-home options for mortgage originators.https://www.nationalmortgagenews.com/news/remote-loan-originations-now-offered-permanently-in-pennsylvania
U.S. Inflation Outlook Falls for First Time Since October 2020
Bloomberg, Feb. 14, 202200Alexandre TanziU.S. consumers don’t expect red-hot inflation levels to last in the long term. That’s the takeaway from the January consumer survey from Federal Reserve Bank of …
With Strategic Plan, FHFA Charts New Course
HousingWire, Feb. 14, 2022–Georgia KromrieThe Federal Housing Finance Agency (FHFA), in its new strategic plan, indicated it is heading in a different direction than under the Trump administration.https://www.housingwire.com/articles/with-strategic-plan-fhfa-charts-new-course/
Affordability Improves Slightly As Household Income Grows In California
National Mortgage Professional, Feb. 14, 2022–Katie JensenThe percentage of California home buyers who could afford to purchase a median-priced, single-family home inched up 1% from the third quarter to the …