HousingWire, July 8, 2022–Bill ConroyInstitutional players in the single-family rental market have been expanding their reach into select American neighborhoods since the global financial crisis of 2008, but they now …
Category: Top National News
CMBS Delinquency Rate Rises For First Time In 6 Months: What You Need To Know
Benzinga, July 7, 2022–Phil HallThe delinquency rate for commercial mortgage-backed securities (CMBS) took a rare upswing in June, marking the first time since last December and only the second time …
Just In: 2Q22 Agency Mortgage Tally Lowest Since Early 2019
Inside Mortgage Finance, July 7, 2022–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued $449.19 billion of single-family MBS in the second quarter, a 26.6% nosedive from the first three …
Freddie Mac Credits On-Time Rent Payments for First-Time Buyers
Orange County Register, July 7, 2022–Jeff LazersonFor years, many renters have struggled to qualify for a loan, simply because their credit files are too thin to generate a credit score. …
Adjustable-Rate Mortgages Have Risks But Can Save You money–and Demand for Them has Tripled Since January
CNBC, July 7, 2022–Mike WintersThe share of adjustible-rate mortgage applications has more than tripled to 10.1% since January, according to June data provided by the Mortgage Bankers Association.https://www.cnbc.com/2022/07/07/adjustable-rate-mortgages-have-risks-but-can-save-you-money.html
Title Insurers are Prepared for Impending Downturn: Fitch
National Mortgage News, July 6, 2022–Brad Finkelstein (subscription)Title insurance underwriters are well-prepared to survive the economic pressures roiling the U.S., as their statutory capital levels should remain strong, a Fitch …
Lenders’ Use of Rent Data in Loan Decisions Helps Homebuyers, But Dangers Lurk
National Mortgage News, July 5, 2022–Penny Crosman (subscription)The use of rent data in credit models is allowing people with low credit scores or thin credit files to get loans. But …
FHFA LLPA Changes Hit High-Balance, Second-Home Deliveries
Inside Mortgage Finance, July 5, 2022–John BancroftLenders quickly pulled back on their sales of high-balance mortgages and second-home loans to Fannie Mae and Freddie Mac as soon as new pricing …
FHFA Implements Fee But May Revisit Capital Framework That Includes It
National Mortgage News, July 1, 2022–Bonnie Sinnock (subscription)The Federal Housing Finance Agency is moving ahead with a controversial new charge for now, but it’s simultaneously exploring alternatives that may include …
FICO Score Simulator Paves Approval Path for Borderline Homebuyers
Orange County Register, June 30, 2022–Jeff LazersonThe tools used to help borrowers to reach their targeted middle FICO scores are called “what if” simulators and “way-finder” and are provided by …