National Mortgage News, Sept. 13, 2022–Brad Finkelstein (subscription)The share of seriously delinquent mortgage loans in June declined 57% on a year-over-year basis, the driver of a drop in the overall …
Category: Top National News
PIMCO Back Bidding on Non-QMs. Did It Ever Leave?
Inside Mortgage Finance, Sept. 13, 2022–Paul Muolo (subscription)Ever since the July collapse of its residential lending affiliate First Guaranty Mortgage Corp., PIMCO has taken a less active role as a …
Mortgage Equity Withdrawal Still Strong in Q2
Calculated Risk, Sept. 12, 2022In Q2 2022, mortgage debt increased $263 billion, the most since 2006. Note the almost seven years of declining mortgage debt as distressed sales (foreclosures and …
REIT Total Returns Dropped in August Despite Strong Operational Performance
Wealth Management Real Estate, Sept. 12, 2022–David BodamerPublicly traded real estate investment trust funds from operations hit a new record at $19.6 billion in the second quarter and are now …
Let Lessons of the Past Shape a More Equitable Housing Finance System
American Banker, Sept. 9, 2022–Alanna McCargo (subscription)Ginnie Mae President defends department’s update of minimum financial requirements for independent mortgage bank issuers, saying broad accees to credit requires a diversified source …
Is RMBS Credit More Insulated from Originator Woes this Time Around?
National Mortgage News, Sept. 9, 2022–Bonnie Sinnock (subscription)Investors have been watching the mortgage industry closely as it has downsized amid the sudden uptick in interest rates this year, which begs …
Downturn Continues for Agency MBS Issuance in August
Inside Mortgage Finance, Sept. 9, 2022–John BancroftThe floundering agency single-family MBS market continued to feel for the bottom of the pool in August, a new Inside MBS & ABS analysis …
Fed, FDIC, OCC Commit to Implementing Basel III Endgame ‘As Soon As Possible’
American Banker, Sept. 9, 2022–Kyle Campbell (subscription)In a joint statement issued Friday morning, the Federal Reserve, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency said …
San Francisco Home Prices Slide in Stark Turn for Costly City
Bloomberg, Sept. 8, 2022–John GittelsohnSan Francisco home prices tumbled last month as soaring interest rates and an exodus of tech workers battered demand in one of the most expensive US …
Who Will Survive the Fintech Winter of 2022?
HousingWire, Sept. 8, 2022–Daniel SogorkaOne thing is certain for all of us: without technical expertise, fintech is just a buzzword, and markets like this are when we earn our place …