National Mortgage News, Sept. 14, 2022–Brad Finkelstein (subscription)A quartet of housing industry trade groups have reached out to the National Economic Council, incalling on the White House advisory panel to …
Category: Top National News
Another Lender Backs Out of Wholesale
NEXT, Sept. 14, 2022California-based Point Mortgage Corporation is “temporarily” shutting down its wholesale business GoPointDirect to focus on retail lending. The company is also laying off seven employees, per HousingWire.https://nextmortgagenews.com/news/another-lender-backs-out-of-wholesale/
FHFA’s Study of Federal Home Loan Banks Welcome
National Mortgage News, Sept. 13, 2022–Paul Manchester (subscription)Lenders are eliminating what they consider to be riskier loans from their offerings, the Mortgage Bankers Association said.https://www.nationalmortgagenews.com/opinion/fhfas-study-of-federal-home-loan-banks-welcome
California Couple Held Off Foreclosure for 13 Years in Mortgage Servicer Nightmare
National Mortgage News, Sept. 13, 2022–Kate Berry (subscription)A California couple that hasn’t made a mortgage payment since 2009 will finally be forced out of their $1.7 million home after a …
How Real Estate Companies Are Tackling the Affordability Issue in the Housing Market
Newsweek, Sept. 13, 2022–Johnny HannaIn recent weeks, you’ve read headlines saying bidding wars are less dramatic and prices are dropping for the first time in 18 months. Potential buyers can …
Serious Mortgage Delinquencies Down 57% Since Last Year
National Mortgage News, Sept. 13, 2022–Brad Finkelstein (subscription)The share of seriously delinquent mortgage loans in June declined 57% on a year-over-year basis, the driver of a drop in the overall …
PIMCO Back Bidding on Non-QMs. Did It Ever Leave?
Inside Mortgage Finance, Sept. 13, 2022–Paul Muolo (subscription)Ever since the July collapse of its residential lending affiliate First Guaranty Mortgage Corp., PIMCO has taken a less active role as a …
Mortgage Equity Withdrawal Still Strong in Q2
Calculated Risk, Sept. 12, 2022In Q2 2022, mortgage debt increased $263 billion, the most since 2006. Note the almost seven years of declining mortgage debt as distressed sales (foreclosures and …
REIT Total Returns Dropped in August Despite Strong Operational Performance
Wealth Management Real Estate, Sept. 12, 2022–David BodamerPublicly traded real estate investment trust funds from operations hit a new record at $19.6 billion in the second quarter and are now …
Let Lessons of the Past Shape a More Equitable Housing Finance System
American Banker, Sept. 9, 2022–Alanna McCargo (subscription)Ginnie Mae President defends department’s update of minimum financial requirements for independent mortgage bank issuers, saying broad accees to credit requires a diversified source …