Orange County Register, Oct. 6, 2022–Jeff LazersonMortgage lenders are bringing back a sometimes-popular loan program used in times of climbing interest rates. Called a 2-1 buydown or temporary buydown, it’s …
Category: Top National News
FHA Plans to Revamp its 203k Renovation Program
HousingWire, Oct. 4, 2022–Flávia Furlan NunesThe Federal Housing Administration expects to issue in the next 90 days a request for information from the public to update its 203K program, a …
Rising Rates Could Help Reinsurers Better Price Climate Risk
Wall Street Journal, Oct. 5, 2022–Telis Demos (subscription)The reach for yield has long been a boost for the catastrophe bond market, which acts as a backstop to the global insurance …
FHA Cash-Out Refi Share Spikes to 82%
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 …
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, …