National Mortgage News, Nov. 16, 2022–Kate Berry (subscription)Critics of the Federal Home Loan Bank System are claiming that the banking cooperative is receiving billions of dollars a year in corporate …
Category: Top National News
More Homeowners Using HELOCs as Financial Safety Net
Wall Street Journal, Nov. 16, 2022–Veronica Dagher (subscription) As high interest rates drive up the cost of borrowing money, more people are tapping the equity in their homes. Americans took …
Private Mortgage Insurers Plan for Ongoing Economic Volatility
Inside Mortgage Finance, Nov. 16, 2022–Monica HoganPrivate mortgage insurers are monitoring the volatility in the housing market and taking steps to manage their risk ahead of an uptick in unemployment …
Treasury Recommends Bank Regulators Finalize Bank-Fintech Relationship Guidance
American Banker, Nov. 16, 2022–Claire Williams (subscription)The Treasury Department in a new report on financial technology urged bank regulators to finalize guidance relating to how banks manage their third party …
Freddie Mac Identifies Homeownership Hurdles for Gen Zers
MortgageOrb, Nov. 16, 2022–Michael BatesThis survey of respondents finds that the attitudes of Gen Z adults (ages 18-25) are largely positive when it comes to the idea of homeownership, though …
FHA Premium Cut Could Offset GSE Fee Reductions, Analysts Say
National Mortgage News, Nov. 16, 2022–Brad Finkelstein (subscription)A now-more-than-likely cut in the Federal Housing Administration’s mortgage insurance premium could offset any impact of the reduction in the conforming market’s loan …
CFPB Asks Supreme Court to Uphold Constitutionality of its Funding
American Banker, Nov. 15, 2022–Kyle Campbell (subscription) In a petition filed Monday, the CFPB challenged the U.S. Court of Appeals for the 5th Circuit’s ruling on Community Financial Services Association …
Student Loan Debt A Barrier To Black Homeownership
National Mortgage Professional, Nov. 15, 2022–Katie JensenAaccording to new research from the Urban Institute, while plenty of homebuyers have student loan debt, less access to generational wealth among young Black …
Total Household Debt Reaches $16.51 Trillion in Q3 2022; Mortgage and Auto Loan Originations Decline
Federal Reserve of New York, Nov. 15, 2022The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit . The …
loanDepot Ends Repurchase Agreement, Shrinks Funding Capacity
HousingWire, Nov. 15, 2022–Connie KimCalifornia-based mortgage lender loanDepot terminated a master repurchase agreement with J.V.B. Financial Group, reducing its funding capacity amid sharply decreasing originations.https://www.housingwire.com/articles/loandepot-ends-repurchase-agreement-shrinks-funding-capacity/