Wall Street Journal, Feb. 28, 2023–Peter Grant, Konrad Putzier (subscription)Columbia Property Trust feels the fallout of rising interest rates.https://www.wsj.com/articles/pimco-is-saddled-with-a-1-7-billion-default-in-office-market-meltdown-79dcb6fc?mod=hp_major_pos1#cxrecs_s
Category: Top National News
CFPB is ‘Not Holding Back’ Despite Cloud of Uncertainty from Supreme Court
American Banker, Feb. 28, 2023–Kate Berry, Frank Gargano (suscription)The CFPB said it was “pleased” that the Supreme Court had decided on Monday to take a case about the constitutionality of …
U.S. Watchdog Shutters Mortgage Outfit as High Court Case Looms
Reuters, Sept. 27, 2023–Douglas GillisonThe U.S. consumer financial watchdog agency on Monday said it had permanently barred California mortgage broker RMK Financial Corp. from the mortgage lending industry, accusing it …
Supreme Court to Consider Consumer Financial Protection Bureau’s Funding
Wall Street Journal, Feb. 27, 2023–Andrew Ackerman (subscription)In advance of any Supreme Court ruling, the Mortgage Bankers Association has warned lawmakers of both parties that the $13 trillion U.S. mortgage …
At Banks, Servicing Values Soften a Bit
Inside Mortgage Finance, Feb. 27, 2023–Brandon IveyA decline in interest rates in the fourth quarter of 2022 took a bite out of the value of mortgage servicing rights at banks, …
JPMorgan Chase on How the FHA Could Bring Back More Banks
National Mortgage News, Feb. 27, 2023–Bonnie Sinnock (subscription)“It’s really the best tool to reach first-time homebuyer and low-to-moderate income communities,” Tom Land, vice president, agency relations at Chase, said at …
How Repaying Student Loans Is Changing—Dramatically (Video)
Wall Street Journal, Feb. 27, 2023 (subscription)President Biden’s student debt forgiveness plan isn’t the only change coming for student loan borrowers. His plan also fundamentally changes how loans will be …
Average Monthly Mortgage Payments Near $2,000
MReport, Feb. 23, 2023–Kyle G. HorstUsing data from the Mortgage Bankers Association’s Purchase Applications Payment Index and the Weekly Applications Survey, MBA found that the national median mortgage payment applied …
FHA Lower Mortgage Insurance Fees Could Save Borrowers $1,500 Annually
Orange County Register, Feb. 23, 2023–Jeff LazersonThinking about buying a home with an FHA mortgage? It’s best you delay signing that mortgage application until March 20, after the White House …
Congress Questions GSE’s Non-Performing Home Loan Sales
Multi-Housing News, Feb. 21, 2023–Lew SichelmanFive Democratic members of the Senate Finance Committee, including the panel’s chairman, have called on the Federal Housing Finance Agency to review the non-performing loan …