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
Category: Top National News
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, …
Appraisers Slam Fannie’s Complaints to Regulators
Inside Mortgage Finance, Sept. 29, 2022–Dennis HollierResidential real estate appraisers in four states told Inside Mortgage Finance this week they were being investigated by their licensing boards following vague, unsigned …
Fannie Mae Launches Rent Payment Reporting Pilot Program
HousingWire, Sept. 27, 2022–James KleimannFannie Mae on Tuesday launched a pilot program to help renters of multifamily properties build their credit histories and improve their credit scores.https://www.housingwire.com/articles/fannie-mae-launches-rent-payment-reporting-pilot-program/
Commercial and Multifamily Debt Jumped $99.5B in Q2
GlobeSt.com, Sept. 30, 2022–Erik ShermanThe Mortgage Bankers Association announced commercial and multifamily mortgage debt jumped by $99.5 billion, or 2.3%, between the first and second quarters of 2022. That was …
Federal Court Tosses Relaxed Trump-Era Mortgage Lender Transparency Rule
HousingWire, Sept. 30, 2022–Chris ClowThe D.C. District Court found that the CFPB, under Trump appointee Kathy Kraninger, acted in an “arbitrary and capricious” manner by exempting mortgage lenders from reporting …
AnnieMac Announces Plan To Close Its Wholesale Business
National Mortgage Professional, Sept. 30, 2022–David KrechevskyNew Jersey-based American Neighborhood Mortgage Acceptance Co. LLC, which does business as AnnieMac Home Mortgage, announced on its website this week that it will …
Mortgage Refinancing Drops to a 22-Year Low as Interest Rates Surge Even Higher
CNBC, Sept. 28, 2022–Diana OlickApplications to refinance a home loan dropped 11% for the week and were 84% lower than the same week one year ago. (MBA mention)https://www.cnbc.com/2022/09/28/mortgage-refinancing-drops-to-a-22-year-low-.html
Hurricane Ian’s Damage to Florida Homes Could Total $258.5B
National Mortgage News, Sept. 28, 2022–Maria Volkova (subscription)Hurricane Ian, a Category 4 storm, is expected to make landfall on the Florida Gulf Coast imminently. Potential damage to homes in its …
Fannie Mae Launches Rent Payment Reporting Pilot Program
HousingWire, Sept. 27, 2022–James KleimannFannie Mae on Tuesday launched a pilot program to help renters of multifamily properties build their credit histories and improve their credit scores.https://www.housingwire.com/articles/fannie-mae-launches-rent-payment-reporting-pilot-program/