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 …
Category: Top National News
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 …
Non-Agency MBS Servicing Lead Widens for Shellpoint
Inside Mortgage Finance, Feb. 16, 2023–Brandon IveyShellpoint Mortgage Servicing boosted its role as the leading servicer of loans in non-agency mortgage-backed securities late last year, widening the gap between it …
By Adding Apartments, Malls Seek To Bring Shopping Closer to Home
New York Times, Feb. 16, 2023 (subscription)Facing an existential crisis over empty space, owners are trying to fill malls with residences, building on the live-work-play model sought by young adults.https://www.nytimes.com/2023/02/16/business/shopping-malls-residences.html
Are Shaky Nonbanks Putting Ginnie Mae at Risk?
National Mortgage News, Feb. 16, 2023–Maria Volkova (subscription)Some experts warn that nonbank home lenders could falter as interest rates rise and the housing market slows. That could have a significant …
Starwood Single-Family Rental Firm Stung by Housing Market Slump
Bloomberg, Feb. 15, 2023–Patrick ClarkWall Street-backed landlords have cut jobs and slowed purchases with high borrowing costs weighing on the housing market.https://www.bloomberg.com/news/articles/2023-02-15/starwood-single-family-rental-firm-stung-by-housing-market-slump?srnd=premium
MBA CREF 2023: CRE Loans Benefiting From Prior Value Spike Amid Headwinds
Commercial Observer, Feb. 14, 2023–Andrew CoenA previous sharp rise in commercial real estate values that predated headwinds spurred by the COVID-19 pandemic and rising interest rates provides cushion for some …
What Mortgage Company Changes Mean for Your Home Loan
Washington Post, Feb. 14, 2023–Barbara Marquand (Nerdwallet/Associated Press)Mortgage applications to buy homes dropped almost 40% year over year in the last few months of 2022, and refinance applications were down …
Fannie Earnings Tumble as Provisions Rise
Inside Mortgage Finance, Feb. 14, 2023–Dennis HollierIn its fourth quarter earnings call on Tuesday, Fannie Mae reported a net income of $12.92 billion in 2022, down sharply from $22.10 billion …