National Mortgage Professional, Nov. 7, 2022–David KrechevskyDeciding to “bow out like gentlemen,” Athas Capital Group Inc., a direct-lending platform for the Non-QM market, announced last week that it plans to …
Category: Top National News
Pandemic Led to Sharp Spike in Black, Asian and Latino Homeownership
Washington Post, Nov. 1, 2022–Abha Bhattarai, Alyssa FlowersHelped by pandemic-era stimulus programs, Black, Latino and Asian households saw the sharpest increase in homeownership in 2021 since the Great Recession, when …
Mortgage Borrowers Lost a Record Amount of Equity in 3Q
National Mortgage News, Nov. 7, 2022–Bonnie Sinnock (subscription)The home equity buffer that the mortgage industry is counting on to help sustain loan performance experienced a record drop in the third …
G-Fee Hikes May Be Needed To Pay for Lost LLPA Revenue
Inside Mortgage Finance, Nov. 7, 2022–Dennis HollierThe Federal Housing Finance Agency’s recent decision to make targeted cuts to certain loan-level price adjustments charged by Fannie Mae and Freddie Mac may …
The Housing Market Is Worse Than You Think
New York Times, Nov. 4, 2022–Stefanos ChenThe Mortgage Bankers Association, a large trade group, has a more optimistic view, with rates for the 30-year fixed mortgage dropping to 5.4 percent …
A Republican HFSC Is Expected to Focus on Banking Regulators
Inside Mortgage Finance, Nov. 3, 2022–Sam ManasRep. Patrick McHenry (R-NC), who is likely to chair the House Financial Services Committee if Republicans win control of the House, is a frequent …
Agency MBS Issuance Still Searching for a Bottom, October Volume Down 19%
Inside Mortgage Finance, Nov. 4, 2022–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued a total of $95.62 billion of single-family MBS last month. That was down 18.5% from September …
Housing Market Will Lead Us Into a Recession, and Will Lead Us Out: MBA Forecast
Fox Business, Nov. 3, 2022–Kelsey RamirezThe housing market, which has slowed significantly from last year as mortgage rates continue to edge higher, could be what pulls the U.S. into a …
The 3Q Tally: Nonbanks Relentlessly Grow Their MSR Holdings
Inside Mortgage Finance, Nov. 3, 2022–John Bancroft (subscription)Nonbanks continued to outpace depository institutions in the upper echelon of the home-loan servicing market during the third quarter, according to an exclusive …
The Great Mortgage Bank Consolidation Wave is Underway
HousingWire, Nov. 3, 2022–Bill ConroyUp to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures in the …