National Mortgage News, Jan. 18, 2023–Kate Berry (subscription)The Consumer Financial Protection Bureau said it expects mortgage servicers to continue offering forbearances, deferrals and loan modifications to consumers experiencing financial hardships …
Category: Top National News
$10B in Mortgage Servicing Rights Deal May be Start of New Wave of Sales
National Mortgage News, Jan. 18, 2023–Bonnie Sinnock (subscription)An agency servicing portfolio that Incenter has up for bid marks the first public deal above $10 billion in 2023, and there may …
Freddie Mac Multifamily Production Volume Reaches LIHTC Record of Nearly $1 Billion
MortgageOrb, Jan. 18, 2023–Ariana FineFreddie Mac Multifamily’s 2022 production volume totaled $73.8 billion, including a record of nearly $1 billion in Low-Income Housing Tax Credit equity investments.https://mortgageorb.com/freddie-mac-multifamily-production-volume-reaches-lihtc-record-of-nearly-1-billion
For the First Time Since Early 2019, Ginnie Issuance Below $100B
Inside Mortgage Finance, Jan. 18, 2023–Andras MalatinszkyThe disappointing turnout caps seven straight quarters of declining MBS production. It also marked the first quarter since the beginning of 2019 that Ginnie …
Commercial, Multifamily Delinquency Rates Climb Slightly in Q4 by 0.3 Percent
MortgageOrb, Jan. 17, 2023–Ariana FineDelinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the fourth quarter of 2022, according to the Mortgage Bankers Association‘s latest CREF …
Splitero Raises $12M to Expand Home Equity Operations
HousingWire, Jan. 17, 2023–Flávia Furlan NunesSan Diego, California-based startup Splitero, which is focused on home equity investments (HEI), has raised about $12 million in a Series A funding round to …
An Ugly 4Q22 Decline for EC MBS
Inside Mortgage Finance, Jan. 17, 2023–Brandon IveySome $5.17 billion of expanded-credit MBS was issued by sponsors in the fourth quarter, down 46.1% sequentially, according to a new ranking and analysis.https://www.insidemortgagefinance.com/articles/226739-an-ugly-4q22-decline-for-ec-mbs?v=preview
U.S. Mortgage-Bond Trading Plunges as Higher Rates Cut Into Sales
Bloomberg, Jan. 12, 2023–Scott Carpenter (subscription)U.S. mortgage bond trading activity plunged in 2022 as new mortgage lending volume dropped and banks cut back on buying, a trend that’s likely to …
Ginnie Mae Paces Agency MSR Growth, Nonbanks Stall
Inside Mortgage Finance, Jan. 12, 2023–John BancroftPrimary market originations and secondary market sales are facing gale-force headwinds these days, but the good-old servicing market keeps growing.https://www.insidemortgagefinance.com/articles/226711-ginnie-mae-paces-agency-msr-growth-nonbanks-stall?v=preview
Why Residential Conversions Are More Commonplace
Multi-Housing News, Jan. 6, 2021–Lew SichelmanYoung adults looking for places to rent, especially in central business districts, might find just the right place in a converted office building, motel and …