National Mortgage News, June 7, 2022–Bonnie Sinnock (subscription)Attorneys are starting to warn mortgage companies that a recent 11th Circuit Court of Appeals decision means servicers need to be more careful …
Category: Top National News
Mortgage Companies Paying Up on New Debt Offerings
Inside Mortgage Finance, June 7, 2022–Brandon Ivey (subscription)Just like mortgage borrowers who are facing higher interest rates, it’s getting more expensive for mortgage companies to raise capital.https://www.insidemortgagefinance.com/articles/224817-mortgage-companies-paying-up-with-debt-offerings?
Get In. We’re Going to Save the Mall
New York Times, June 8, 2022–Alexandra LangeAs America contemplates mass mall die-off — analysts predict that a quarter of the United States’ roughly 1,000 malls will close in the next …
Jump in Mortgage Rates Could Add $100,000 to Housing Costs
New York Times, June 9, 2022–Gregory SchmidtWith interest rates at 5 percent, borrowers could pay thousands in extra costs over the lifetime of a 30-year home loan, a report shows.https://www.nytimes.com/2022/06/09/realestate/mortgage-rates-housing-costs.html
FDIC Study Finds Minorities Pay Thousands More to Refinance
National Mortgage News, June 9, 2022–Kate Berry (subscription)A study by the Federal Deposit Insurance Corp. has found that Black and Hispanic home loan applicants are denied conventional loans at higher …
Freddie Mac Eases Granny Flat Financing
Orange County Register, June 9, 2022–Jeff LazersonIt just got a lot easier to qualify for a mortgage covering the construction costs of an accessory dwelling unit, commonly called casitas, in-law …
How a D.C. Bureaucrat Amassed Power Over Businesses, Banks and Consumers
Wall Street Journal, June 9, 2022–Ryan Tracy, Andrew Ackerman (subscription)Rohit Chopra nominally heads only the Consumer Financial Protection Bureau but has gained substantial clout at the FDIC and FTC as …
Industry Supports FHA’s 40-Year Loan Term Option–With Caveats
HousingWire, June 6, 2022–Maria VolkovaThe Mortgage Bankers Association, Housing Policy Council, National Association of REALTORS and the American Bankers Association agreed a 40-year loan modification should be a permanent fixture …
As Mortgage Market Cools, Fraud Risk Heats Up
American Banker, June 3, 2022–Kyle Campbell (subscription)Risky loan applications have been trending up for the past year, rising 75% during 2021, according to the real estate analytics group CoreLogic, which …
Delinquency Rate For Commercial Mortgage-Backed Securities In Largest Decline Of 2022
Benzinga, June 4, 2022–Phil HallThe delinquency rate for commercial mortgage-backed securities (CMBS) took on its biggest decline of the year in March, according to new data from Trepp LLC.https://www.benzinga.com/news/22/06/27552300/delinquency-rate-for-commercial-mortgage-backed-securities-records-biggest-decline-of-2022