National Mortgage Professional, Aug. 29, 2022–Keith GriffinPhillip A. Talbert, U.S. Attorney for Eastern California, announced the indictments of German Antonio Lopez-Velasquez, 55, of Modesto, Calif.; Marko Antonio Lopez, 27, of …
Category: Top National News
Some Student Loan Forgiveness Will Benefit Mortgages
National Mortgage News, Aug. 26, 2022–Bonnie Sinnock (subscription)Student loan forgiveness for more than 40 million people announced this week could help improve mortgage eligibility and performance for a subset of …
REIT MBS Holdings Down Again in 2Q22
Inside Mortgage Finance, Aug. 26, 2022–John BancroftReal estate investment trusts saw more erosion in their residential MBS holdings during the second quarter, according to a new analysis and ranking by …
Financial Profile Of ARMs Borrowers Reduces Risk Of Housing Crash
National Mortgage Professional, Aug. 26, 2022–David KrechevskyAdjustable-rate mortgages are becoming more common as home buyers hunt for ways to save money with today’s higher mortgage rates. The result is that …
A 2Q Market Share Gain for Correspondent Lending
Inside Mortgage Finance, Aug. 25, 2022–John BancroftThe dramatic shift toward purchase-mortgage lending helped the correspondent channel grow its market share in second-quarter mortgage originations, according to a new Inside Mortgage …
The Surprise in a Faltering Economy: Laid-Off Workers Quickly Find Jobs
Wall Street Journal, Aug. 24, 2022–Sarah Chaney Cambon (subscription)People losing jobs are rapidly landing interviews, multiple job offers and higher pay, holding down unemployment totals.https://www.wsj.com/articles/the-surprise-in-a-faltering-economy-laid-off-workers-quickly-find-jobs-11661333405?mod=hp_lead_pos6
Why a Servant Leadership Approach is Essential for Digital Servicing
National Mortgage News, Aug. 24, 2022–Jose MorinThe author, with Brace, says fluctuations threatening to roil the mortgage market are making managing servicing costs the priority once again. No matter how …
A Price War? Nation’s Third-Largest Wholesaler Cuts (Certain) Rates by 75 BPs
Inside Mortgage Finance, Aug. 24, 2022–Paul MuoloHome Point Financial, the nation’s third-largest wholesaler, Wednesday morning announced a 75-basis-point reduction on conventional mortgages made to certain homebuyers who earn below the …
Here’s What’s Inside Biden’s Historic Student Debt Forgiveness Plan
The Hill, Aug. 24, 2022–Shirin Ali, Adam BarnesPresident Biden is directing the Education Department to forgive $10,000 in federal student loan debt for nearly all U.S. borrowers, an unprecedented decision …
6 Questions Mortgage Lenders Must Answer Before Offering Home Equity Products
National Mortgage News, Aug. 22, 2022–Brad Finkelstein (subscription)Both bank and nonbanks are starting in — or returning to — this segment as they look to make up for declining originations. …