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 …
Category: Top National News
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
MBS Issuance Lowest Since July 2019
Inside Mortgage Finance, June 3, 2022–John BancroftNew issuance of single-family agency MBS fell sharply in May to its lowest monthly output since July 2019, according to a new Inside MBS …
The New Math of Reverse Mortgages for Retirees
Wall Street Journal, June 3, 2022–Lori Ioannou (subscription)For decades the industry’s image was tainted by horror stories about borrowers who faced foreclosure, and surviving spouses who were evicted. But today, …
Why Adjustable-Rate Mortgages Are Still Risky
New York Times, June 3, 2022–Ann CarrnsRemember adjustable-rate mortgages? Rising interest rates are again making those mortgages attractive to home buyers because the starting rate is generally lower than the …
The Economy Is Flashing Yellow Signs for CRE Investors
Wealth Management Real Estate, June 1, 2022–Elaine MisonzhnikThe high rate of inflation and the Fed’s plans to raise interest rates could slow the commercial real estate sector’s momentum.https://www.wealthmanagement.com/investment-strategies/flashing-yellow-signs?
Freddie Mac’s Broader ADU Criteria Goes into Effect
National Mortgage News, June 2, 2022–Bonnie Sinnock (subscription)The new guidelines for ADU loans the government-sponsored enterprise will buy confirms plans to provide more leeway on the number of units a …