Inside Mortgage Finance, Jan. 25, 2023–Brandon Ivey (subscription)Stan Middleman cautioned that MSR values and liquidity could tumble in the coming years, potentially in 2028.https://www.insidemortgagefinance.com/articles/226814-freedom-ceo-plenty-of-value-in-msrs-for-now?v=preview
Category: Top National News
Libor Is Still Due to Die, but Companies May Use Extensions
Wall Street Journal, Jan. 25, 2023–Mark Maurer (subscription)Companies that have yet to switch over from the London interbank offered rate before a June phaseout deadline may have ways to hang …
The Mortgage Market Shriveled Up Last Year
Wall Street Journal, Jan. 26, 2023–Ben Eisen (subscription)The mortgage market finished last year on a down note. Rapidly rising interest rates slowed quarterly originations to $335 billion, their lowest total …
The Final Origination Tally for 2022: $2.2 Trillion, Off 49%
Inside Mortgage Finance, Jan. 26, 2023–John Bancroft (subscription)The mortgage lending business was wobbling badly as 2022 came to close. Unfortunately, the new year likely won’t bring immediate relief. Mortgage lenders …
The Final Origination Tally for 2022: $2.2 Trillion, Off 49%
Inside Mortgage Finance, Jan. 26, 2023–John Bancroft (subscription)The mortgage lending business was wobbling badly as 2022 came to close. Unfortunately, the new year likely won’t bring immediate relief. Mortgage lenders …
FHFA Updates Radon Standards for GSE-Backed Multifamily Properties
Multifamily Executive/Affordable Housing Finance, Jan. 23, 2023–Christine SerlinThe Federal Housing Finance Agency has made enhancements to radon standards for Fannie Mae- and Freddie Mac-backed multifamily properties. The aligned standards for …
MSR Deal Chatter: Lots of Smoke, No Fire…
Inside Mortgage Finance, Jan. 20, 2023–Paul MuoloThe mortgage servicing sales market this week was rife with rumors of multi-billion dollar portfolios being jettisoned, but little in the way of hard …
Tax Appeal May Bring Big Savings
The Housing Scene (UExpress), Jan. 20, 2023–Lew SichelmanProperty taxes are rising right along with the cost of food, gas and other necessities. One main difference: You won’t have to wait …
Rocket CFO Warns Against Reliance on MSR Sales
Inside Mortgage Finance, Jan. 19, 2023–Brandon IveyNonbanks looking to sell mortgage servicing rights to stay afloat could see demand shrink in a hurry, according to Brian Brown, chief financial officer …
Some Home Builders Are Offering Mortgage Rates as Low as 3%. Here’s How—and Why—They’re Doing It
MarketWatch, Jan. 19, 2023–Aarthi SwaminathanHome builders are playing hardball by offering mortgage rates as low as 3% on new homes to boost buyer demand.https://www.marketwatch.com/story/some-home-builders-are-offering-mortgage-rates-as-low-as-3-heres-how-and-why-theyre-doing-it-11674145343?