Yahoo!Life, Oct. 18, 2022–Rachel FairbankAn adjustable-rate mortgage is a gamble that either interest rates will drop in the future, making it possible to refinance at a lower monthly payment, or …
Category: Top National News
Black Households Have Most to Gain from Inclusion of Rent Payment Data: Report
HousingWire, Oct. 18, 2022–Joe BurnsRacial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank of San Francisco, on Monday released a report that examines how …
Delinquency Rates Dropped in Q3 2022 for Commercial, Multifamily Mortgages
MortgageOrb, Oct. 17, 2022–Michael BatesDelinquency rates for mortgages backed by commercial and multifamily properties declined through the third quarter of 2022, according to the Mortgage Bankers Association‘s latest CREF Loan …
Florida Coastal Living Reshaped by Hurricane Housing Codes
Wall Street Journal, Oct. 17, 2022–Arian Campo-Flores, Deborah Acosta (subscription)Many homeowners in southwest Florida towns find it challenging to rebuild. ‘People leave and don’t come back.’https://www.wsj.com/articles/florida-coastal-living-reshaped-by-hurricane-housing-codes-11666019241?mod=hp_lead_pos10
Credit Suisse Pays $495 Mln to Settle Legacy U.S. Case
Reuters, OCt. 17, 2022–John RevillThe lender has been paying out billions of dollars to resolve legal cases linked to its residential mortgage-backed securities business in the run up to the …
Ginnie MBS Issuance Continues to Slope Downward
Inside Mortgage Finance, Oct. 17, 2022–Monica HoganMortgage bankers issued $122.36 billion of Ginnie Mae single-family MBS in the third quarter, a sequential decline of 10.2% and a hefty 39.9% drop …
Home Buyers Turn to Riskier Loans as Interest Rates Soar
NBC News, Oct. 15, 2022–Shannon PettypieceHome buyers feeling financially squeezed by higher interest rates are increasingly being steered by real estate agents and mortgage brokers to potentially riskier types of …
Non QM Performance Wavered in 3Q
National Mortgage News, Oct. 14, 2022–Bonnie Sinnock (subscription)Non-qualified mortgages in the securitized market exhibited some mixed performance over the summer, according to a DBRS Morningstar report.https://www.nationalmortgagenews.com/news/non-qm-performance-wavered-in-3q
Federal Agencies Announce Threshold for Smaller Loan Exemption
National Mortgage Professional, Oct. 14, 2022–Sarah WolakThe Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2023 threshold …
Trade Groups Seek Relief to Costs Making Borrowing More Expensive
Mortgage Professional America, Oct. 14, 2022–Tony CantuAmid a home affordability crisis, the Mortgage Bankers Association and several trade organizations – as part of the Black Homeownership Collaborative – submitted a …