Inside Mortgage Finance, Aug. 19, 2022–John BancroftBanks and thrifts recorded another decline in their retained residential MBS holdings during the second quarter of 2022, according to a new Inside MBS …
Category: Top National News
The Decline in GSE MBS Issuance Slows in July
Inside Mortgage Finance, Aug. 16, 2022–Dennis HollierMortgage bankers issued a combined $87.13 billion of Fannie Mae/Freddie Mac MBS in July, according to a new Inside The GSEs analysis. That was …
Redfin: More Homebuyers Backing Out Of Deals
National Mortgage Professional, Aug. 16, 2022–David KrechevskyNationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1% of homes that went under contract that month, according to a new …
Lenders Wary of Storm Clouds in Florida’s Home Insurance Market
National Mortgage News, Aug. 15, 2022–Andrew Martinez (subscription)A home insurance industry battle in Florida could lead to collateral damage for the state’s mortgage industry at a sensitive time.https://www.nationalmortgagenews.com/news/lenders-wary-of-storm-clouds-in-floridas-home-insurance-market
Radian Group Inc. Performance Reflects Industry Trends
Mortgage Professional America, Aug. 15, 2022–Tony CantuPennsylvania-based Radian Group Inc. beat expectations in reporting its quarterly earnings, including $1.36 earnings per share – better by 60 cents than the expected …
Might Wells Toss its Correspondent Program Overboard?
Inside Mortgage Finance, Aug. 15, 2022–Paul MuoloWells Fargo, which has been scaling back its presence in the residential sector the past few years, is contemplating major revisions to its correspondent …
Average Mortgage Debt Rose 14% over the Past 5 Years
Independent Tribune (N.C.), Aug. 11, 2022–Dom DiFurioAverage mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was …
Private Mortgage Insurance Share Rises Above 50% Mark in 2Q
Inside Mortgage Finance, Aug. 11, 2022–John BancroftPrivate guarantors accounted for over half of the home loans originated in the second quarter with primary mortgage insurance, according to a new Inside …
Fannie, Freddie Both Pass 2022 Stress Tests Despite Misalignment on Risk Rating
American Banker, Aug. 11, 2022–Kyle Campbell (subscription)Fannie Mae and Freddie Mac, the government-backed mortgage companies, would face a combined credit loss of more than $17 billion under this year’s stress …
Equifax Should Face Curbs on Selling Credit Scores, Maxine Waters Says
Wall Street Journal, Aug. 10, 2022–AnnaMaria Andriotis (subscription)Maxine Waters, chairwoman of the House Financial Services Committee, asked the Consumer Financial Protection Bureau to stop Equifax from selling credit scores to …