National Mortgage Professional, June 14, 2022–Sara WolakHispanic homeowners in Florida who were plaintiffs in a federal lawsuit claiming they were targeted by predatory mortgage modification services and discriminated against based …
Category: Top National News
A Rare Slowdown in the Outsourcing of Servicing
Inside Mortgage Finance, June 14, 2022–Paul MuoloAfter several years of strong growth, the subservicing sector is starting to flatten out a bit, at least in the first quarter.https://www.insidemortgagefinance.com/articles/224887-a-rare-slowdown-in-the-outsourcing-of-servicing?v=preview
Bonds No Longer a Safe Haven? 10-Year Treasury Tops 3.33%
Inside Mortgage Finance, June 13, 2022–Paul MuoloThe yield on the benchmark 10-year Treasury reached a new 52-week high of 3.33% briefly before simmering down ever so slightly. The reason behind …
Warehouse Giant Prologis Agrees $26 Bln Merger with Duke Realty
Reuters, June 13, 2022–Aishwarya Nair, Chibuike OguhPrologis Inc., a warehouse-focused real estate income trust, said on Monday it would acquire peer Duke Realty Corp. for about $26 billion, including debt, …
How Servicers are Putting Available Originators to Work
National Mortgage News, June 13, 2022–Brad Finkelstein (subscription)Today, servicers could be missing an opportunity if they ignore the displaced experienced talent from the origination business. After all, loan modification activity …
Mortgage Statements May be Subject to Collection Rules: 11th Circuit
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 …
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 …