National Mortgage News, Jan. 24, 2023–Spencer Lee (subscription)Foreclosure-prevention activity dropped for the sixth time in seven months in October for Fannie Mae and Freddie Mac-backed loans, but signs of early-stage …
Category: Top National News
In 4Q22, loanDepot and UWM Were Busy ‘Transferring’ MSRs
Inside Mortgage Finance, Jan. 24, 2023–Paul Muolo and John Bancroft (subscription)For all of 2022, UWM transferred $98.8 billion of bulk MSRs, more than any other nonbank.https://www.insidemortgagefinance.com/articles/226809-in-4q22-loandepot-and-uwm-were-busy-transferring-msrs?v=preview
MBA: Rate Of Mortgages In Forbearance May Have Hit Bottom
National Mortgage News, Jan. 24, 2023–David KrechevskyForbearance rate has been flat for 3 months, a sign “we may have reached a floor on further improvements,” the Mortgage Bankers Association reported.https://nationalmortgageprofessional.com/news/mba-rate-mortgages-forbearance-may-have-hit-bottom
Freedom CEO: Plenty of Value in MSRs, For Now…
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
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 …