Inside Mortgage Finance, Oct. 5, 2022–John BancroftSome 47,195 endorsements for cash-out deals were recorded by FHA in the second quarter of 2022. That represented 21.6% of total FHA new business …
Category: Top National News
Hurricane Ian’s Impact on CRE Insurance Rates
Commercial Property Executive, Oct. 4, 2022–Jordana RothbergHurricane Ian, hitting Florida on September 28th, has gone down as one of the most destructive storms in U.S. history. High winds, storm surges …
Latino Homebuyers Hit Especially Hard With Housing’s ‘Affordability Crisis’
Yahoo Finance, Oct. 3, 2022–Dani RomeroAs mortgage rates rise and home prices remain high, homebuyers are increasingly pushed out of the housing market. Latinos buyers are among those especially hit …
The Impact Hurricane Ian Could Have on CRE
GlobeSt.com, Oct. 03, 2022–Erik ShermanAlthough it will take time to get accurate numbers, Trepp estimated the commercial real estate exposure Hurricane Ian had in what has been one of the …
ARM Share Breaks Through the 12% Threshold
Inside Mortgage Finance, Oct. 3, 2022–Brandon IveyIn ARMs we trust? It’s getting to be that way. Rising interest rates helped fuel originations of adjustable-rate mortgages in the second quarter of …
Why Ginnie Mae’s Capital Rules Have Remained a Sticking Point for Some
National Mortgage News, Oct. 3, 2022–Bonnie Sinnock (subscription)While broader counterparty rules were recently reworked in consultation with the industry, questions persist regarding one subset from the government bond insurer.https://www.nationalmortgagenews.com/list/why-ginnie-maes-capital-rules-have-remained-a-sticking-point-for-some
Fannie Mae Appoints Affordable Housing Leader Almodovar as CEO
National Mortgage News, Sept. 29, 2022–Spencer Lee (subscription)With a professional background that includes experience in both real estate and community development, Priscilla Almodovar will begin her tenure on Dec. 5, …
Appraisers Slam Fannie’s Complaints to Regulators
Inside Mortgage Finance, Sept. 29, 2022–Dennis HollierResidential real estate appraisers in four states told Inside Mortgage Finance this week they were being investigated by their licensing boards following vague, unsigned …
Fannie Mae Launches Rent Payment Reporting Pilot Program
HousingWire, Sept. 27, 2022–James KleimannFannie Mae on Tuesday launched a pilot program to help renters of multifamily properties build their credit histories and improve their credit scores.https://www.housingwire.com/articles/fannie-mae-launches-rent-payment-reporting-pilot-program/
Commercial and Multifamily Debt Jumped $99.5B in Q2
GlobeSt.com, Sept. 30, 2022–Erik ShermanThe Mortgage Bankers Association announced commercial and multifamily mortgage debt jumped by $99.5 billion, or 2.3%, between the first and second quarters of 2022. That was …