Wall Street Journal, Apr. 15, 2022–Andrew Restuccia, Andrew Duehren (subscription)President Biden will nominate Michael Barr, a former Treasury Department official, to serve as the Federal Reserve’s top banking regulator, the …
Category: Top National News
Expanded-Credit Deals Prop Up RMBS Issuance in 1Q22, Prime Jumbo Fades
Inside Mortgage Finance, Apr. 15, 2022–John BancroftThe non-agency MBS market got off to a sluggish start in 2022 due to a slump in the scratch-and-dent sector and faltering prime MBS …
Reverse Mortgage Knockoff Available for Seniors 55 and Over
Orange County Register, Apr. 14, 2022–Jeff LazersonA good solution for some could be an interesting mortgage hybrid that takes baby steps to a reverse mortgage. It’s available for those age …
A Steep Origination Drop for JPM in 1Q22 but a Nice Hike in MSR Values
Inside Mortgage Finance, Apr. 13, 2022–Paul MuoloJPMorgan Chase, the first of the bank mortgage bellwethers to report 1Q22 results, originated $30.2 billion of home mortgages in the first quarter, a …
MBA Lowers Mortgage Outlook Through 2023
Credit Union Times, Apr. 13, 2022–Jim DuPlessisThe Mortgage Bankers Association on Wednesday lowered its forecast for both refinance and purchase originations this year and next as interest rates rise faster …
Interest Rises in ARMs
The M Report, Apr. 14, 2022–Eric PeckMortgage application volume continues to tumble, as the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association found overall volume sliding 1.3% week-over-week.https://themreport.com/daily-dose/04-13-2022/interest-rises-arms
Nonbank Agency MSR Share: North of 61%
Inside Mortgage Finance, April 14, 2022–John Bancroft (subscription)Nonbanks owned $5.090 trillion of single-family mortgage servicing rights attached to securities issued by Fannie Mae, Freddie Mac and Ginnie Mae at the …
Buyers Stymied by Fewer Homes, High Prices, Rising Rates
Associated Press, Apr. 14, 2022–Alex Veiga (MBA mention)America’s housing market has grown increasingly frenzied and prices are out of reach for many buyers, especially first-timers. This spring, traditionally the busiest …
Housing Beat: Mortgage Rates Hit 5% Level While Property Taxes Inch Higher
Benzinga, Apr. 14, 2022–Phil HallThe week in housing was one of great challenges, with mortgage rates cracking the 5% level while homeowners faced an uptick in property taxes and state …
Higher Mortgage Rates Aren’t Stalling Home Prices — Here’s Why
Union-Bulletin (Walla Walla, Wash.), Apr. 14, 2022–Zach WichterWhile experts expect a variety of factors — including rising mortgage rates — to slow home price growth this year, buyers still need …