Reuters, Sept. 27, 2022–Lindsay Dunsmuir and Catherine EvansThe U.S. Federal Reserve will need to raise interest rates by at least another percentage point this year, Chicago Fed President Charles Evans …
Category: Top National News
Foreclosure Starts Rose in August
National Mortgage News, Sept. 23, 2022–Brad Finkelstein (subscription)After increasing for two consecutive months, the national delinquency rate fell by 3.6% in August, to just 4 basis points above the record …
Brokers Steamed at Fannie Mae Over TPO Fee
Inside Mortgage Finance, Sept. 23, 2022–Dennis HollierThe mortgage industry has stepped up its criticism of a 15-basis-point fee that Fannie Mae charges for broker-originated loans. The fee, which went into …
Cons and How To Spot Them
UExpress, Sept. 23, 2022–Lew SichelmanConfidence games come and go. But some seem to go on forever. Con artists are apparently still selling building lots in Florida, sight unseen, that turn …
Opinion: SFR Companies Not to Blame for Lack of Inventory
HousingWire, Sept. 23, 2022–David HowardExecutive director of the National Rental Home Council disputes allegations that single-family rental home companies are responsible for lack of housing inventory, noting large companies own …
Federal Court Shutters Sham Mortgage Relief Operation
National Mortgage Professional, Sept. 22, 2022–David KrechevskyThe Federal Trade Commission and the California Department of Financial Protection and Innovation together petitioned the court to close the numerous businesses operated under …
How Many Home Lenders are Losing Money? A Lot
Inside Mortgage Finance, Sept. 22, 2022–Paul MuoloAs interest rates continue to rise and originations wane, mortgage lenders across the land are grappling with an existential dilemma: How many more quarters …
What Controversy? Ginnie Chief Weighs In on Proposed Capital Rules
Inside Mortgage Finance, Sept. 21, 2022–Monica HoganFaced with a barrage of complaints regarding its proposed eligibility rules for issuer/servicers, Ginnie Mae President Alanna McCargo Tuesday declared that an “overwhelming majority” …
How Rapidly Rising Mortgage Rates Are Squeezing Prospective Homebuyers: ‘Do the Math’
ABC News, Sept. 21, 2022–Elizabeth Schulze and Ben GittlesonMortgage rates have more than doubled since January, lenders and real estate companies say, spurred by aggressive interest rate increases as the …
Equitable Housing Plan Focuses On Green For Black Homeowners
National Mortgage Professional, Sept. 21, 2022–Steve GoodeBob Broeksmit, MBA’s president and CEO, said the goal is to bring the mortgage industry together to develop effective policies and resources that will …