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 …
Category: Top National News
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 …
US Homeowners Have a Fat Equity Cushion for Real-Estate Downturn
Bloomberg, Nov. 3, 2022–Alexandre TanziUS homeowners continued to build their equity positions last quarter even as the housing market cooled, and they have ample buffers to shield against a deeper …
Maine May Reconsider Foreclosure Rule That Shields Borrowers
National Mortgage News, Nov. 1, 2022–Bonnie Sinnock (subscription)The possibility that Maine could remove a consumer protection against continued foreclosure litigation after a borrower has won could give servicers expanded options …
What Happens When the CFPB’s Funding Question Hits the Supreme Court?
National Mortgage News, Nov. 1, 2022–Kate Berry (subscription)Constitutional scholars and legal experts said the Supreme Court is likely to expedite a review of the case as early as next year, …
Increasingly, Fannie and Freddie are Sticking to Core Activities
Inside Mortgage Finance, Nov. 1, 2022–Brandon IveyRising interest rates and new pricing policies initiated by the Federal Housing Finance Agency have driven down the “noncore” share of business at the …