National Mortgage Professional, Apr. 13, 2021–Navi PersaudThe Mortgage Bankers Association’s Weekly Forbearance and Call Volume Survey reported that the total number of loans currently in forbearance is down to 4.66% …
Category: Top National News

Billions in Coronavirus Aid Is Slow to Reach Renters and Landlords
Wall Street Journal, April 13, 2021–Christine Mai-Duc and Dan Frosch (subscription)Overwhelmed state and local authorities are grappling with how to allocate $25 billion in federal rental relief, leaving many tenants …

That Suburban Home Buyer Could Be a Foreign Government
Wall Street Journal, Apr. 13, 2021–Konrad Putzier (subscription)Big foreign investment firms that buy office buildings, hotels and shopping centers around the world have a new favorite real-estate play: single-family homes …

$7.12 billion in Fannie Mae, Freddie Mac MSRs Up for Bid
National Mortgage News, Apr. 12, 2021–Bonnie Sinnock (subscription)The diverse group of loans in the servicing rights portfolio offers a potentially attractive recapture opportunity and would be a sizable transaction for …

Real Estate Data Firm CoreLogic to Sell $4 Billion Buyout Loan
Bloomberg, Apr. 12, 2021–David Caleb MutuaReal estate data firm CoreLogic is set to sell the largest acquisition-related loan in over a year as borrowers continue to take advantage of insatiable …

Biden’s $1.5 Trillion Budget Calls for Big Investment in HUD
HousingWire, Apr. 12, 2021–Georgia KromreiPresident Joe Biden’s $1.5 trillion discretionary funding request includes a 15% budget increase for HUD to combat homelessness, retrofit rental housing and increase the supply of …

How CFPB’s Foreclosure Delay Could Impact Non-QM Lenders, Investors
National Mortgage News, Apr. 12, 2021–Brad Finkelstein (subscription)Servicers of loans not related to the government most often capitalized missed payments and converted them into a deferred, non-amortizing balance, said Vadim …

U.S. October-March Budget Deficit Rose to a Record $1.7 Trillion
Wall Street Journal, Apr. 12, 2021–John McCormick (subscription)Federal spending soared in March as the government sent a third round of stimulus payments to Americans, pushing up the budget deficit to …

The Growing Support for Female Mortgage Executives
HousingWire, Apr. 12, 2021–Laura Brandao“For decades, women have filled many roles in the mortgage industry but the climb to the C-suite was difficult or unattainable for many,” said Susan Stewart, …

Experts: Arizona Rents Will Continue Rising at Record Pace
Your Valley, April 12, 2021–Matt RoyWhile commercial real estate developers continue to build new apartments in the Phoenix area, market forces including strong population and job growth will continue to …