Inside Mortgage Finance, Feb. 21, 2023–John Bancroft (subscription)The primary mortgage insurance business followed the rest of the market downward in the fourth quarter of 2022, but the FHA continued to …
Category: Top National News
Banking Regulators Not Giving Ground on MSR Risk Weighting
Inside Mortgage Finance, Feb. 24, 2023–Sam ManasMortgage Bankers Association President Bob Broeksmit this week took aim at federal banking regulators for the 250% risk weighting they’ve placed on mortgage servicing …
Distressed Servicing Costs Normalizing after Two-Year Reprieve
National Mortgage News, Feb. 24, 2023–Bonnnie Sinnock (subscription)The expenses associated with nonperforming loans have returned to pre-pandemic levels, according to the latest numbers the Mortgage Bankers Association released at its …
Commercial Real Estate Investors, Lenders Averse to Buying
Mortgage Professional America, Feb. 24, 2023–Tony CantuCBRE’s 2023 US Investor Intentions Survey released on Thursday reveals “subdued sentiment” among commercial real estate investors – with nearly 60% expected to purchase …
Office Landlord Defaults Are Escalating as Lenders Brace for More Distress
Wall Street Journal, Feb. 21, 2023–Peter Grant (subscription)The delinquency rate for office loans that back commercial-mortgage-backed securities remains low, but it is heading higherhttps://www.wsj.com/articles/office-landlord-defaults-are-escalating-as-lenders-brace-for-more-distress-894938c0
Foreclosure Auctions to Rise 24% This Year
National Mortgage News, Feb. 20, 2023–Brad Finkelstein (subscription)The number of foreclosure auctions conducted is expected to increase 24% in 2023 from the previous year, representing a gradual rise as pandemic-related …
Delinquency Rate for Mortgage Loans on the Rise–MBA
Mortgage Professional America, Feb. 17, 2023–Candyd MendozaThe delinquency rates for loans on residential properties increased at the end of 2022 amid economic headwinds and inflationary pressures, the Mortgage Bankers Association …
Delinquency Rate for Mortgage Loans on the Rise–MBA
Mortgage Professional America, Feb. 17, 2023–Candyd MendozaThe delinquency rates for loans on residential properties increased at the end of 2022 amid economic headwinds and inflationary pressures, the Mortgage Bankers Association …
MSR Sales Reshuffle Top GSE Servicer Rankings
Inside Mortgage Finance, Feb. 17, 2023–Dennis HollierFannie Mae and Freddie Mac combined to purchase just $1.179 trillion in mortgage loans in 2022, a 55.2% drop from 2021. Even so, nonbank …
Mortgage Balances Increased by Nearly $1 Trillion Last Year
National Mortgage News, Feb. 16, 2023–Spencer Lee (subscription)U.S. mortgage balances increased by almost $1 trillion in 2022, even as new originations slowed considerably throughout the year, according to the Federal …