HousingWire, May 10, 2022–Bill ConroyEric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. The problem: They did …
Category: Top National News
Rising Mortgage Rates Mean Home Buyers Pay Hundreds of Dollars More Per Month
Philadelphia Inquirer, May 10, 2022–Michaelle BondAcross the country, they are paying hundreds of dollars more a month than they would have if they bought at the start of the year, …
As the Secondary Market Rethinks Risks, So Too Must Lenders
National Mortgage News, May 10, 2022–Bonnie Sinnock (subscription)From the start, the Biden-era Federal Housing Finance Agency has been focused on its public mission, but now that the pandemic has receded …
As Deliveries Decline, GSE Seller/Servicers Loosen the Credit Box
Inside Mortgage Finance, May 9, 2022–Dennis HollierFannie Mae and Freddie Mac issued a combined $118.74 billion of single-family mortgage-backed securities in April, a 15.0% decline from March and a hefty …
Homeowners are Seeking Roommates to Help Pay Their Mortgages
Bloomberg, May 9, 2022–Pauline Cachero, Alice KantorMore buyers in the U.S. are opening up to the idea of renting out a room as expenses surge. (MBA mention)https://www.bloomberg.com/news/articles/2022-05-09/how-to-afford-rising-mortgage-costs-many-americans-are-finding-roommates?srnd=premium
An Aging Banking Law Gets an Internet Overhaul
Protocol, May 9, 2022–Veronica Irwin et alThe OCC, Federal Reserve and FDIC issued a joint proposal Thursday for revamping the Community Reinvestment Act. ““The Community Reinvestment Act for independent mortgage …
Credit Washing Creeps into the Mortgage Space
National Mortgage News, May 9, 2022–Brad Finkelstein (subscription)Fraud experts are concerned that credit washing, in which borrowers make false claims about being victims of identity theft, is making its way …
The Tea Leaves: April MBS Issuance Continues the Downward Trend
Inside Mortgage Finance, May 6, 2022–John Bancroft (subscription)April MBS issuance volume, which reflects originations, was the lowest monthly output since March 2020, just before the Fed launched a historic surge …
Brookfield Acquires Hotel REIT Watermark Lodging Trust for $3.8B
ConnectCRE, May 6, 2022–Ted JacksonChicago-based Watermark Lodging Trust entered into a definitive agreement with private real estate funds managed by Brookfield, under which Brookfield will acquire all of the outstanding …
Latino Homebuyers Are Most Likely to Use Risky Financing, Survey Finds
NPR, May 6, 2022–A Martínez and Jaclyn DiazMore than a third of those households surveyed by the Pew Research Center said they’d used something other than a traditional mortgage. Alternative …