Inside Mortgage Finance, Apr. 11, 2022–Paul MuoloOriginators of non-qualified mortgages looking for a secondary market execution have been whipsawed by rapidly rising rates the past several weeks, so much so …
Category: Top National News
Ocwen-CFPB Case Sent Back to Lower Court
National Mortgage News, Apr. 8, 2022–Brad Finkelstein (subscription)In a ruling that splits the differences in a long-running legal battle between the positions of Ocwen and the Consumer Financial Protection Bureau, …
GSE Originators Move to Loosen Credit Standards
Inside Mortgage Finance, Apr. 8, 2022–Namrata BhatiaMortgage lenders have been slowly loosening underwriting requirements on residential loans delivered to Fannie Mae and Freddie Mac, according to a new analysis.https://www.insidemortgagefinance.com/articles/224272-gse-originators-move-to-loosen-credit-standards?v=preview
Negative Adjustable-Rate Mortgages are Back
Orange County Register, Apr. 7, 2022–Jeff LazersonThis adjustable-rate mortgage product is much different from the olden days of negative amortization mortgages, according to James Shoop, FVP National Sales Director at …
Hurricane Season Forecast Calls for 19 Mighty Atlantic Storms
Bloomberg, Apr. 7, 2022–Brian K. SullivanThe upcoming Atlantic hurricane season will unleash 19 powerful storms out of the tropics in one of the most active years on record, according to …
As Mortgage Rates Rise, Home Sellers Fear Time Is Running Out to Cash In
Wall Street Journal, Apr. 7, 2022–Veronica Dagher (subscription)Blood pressure is now rising along with home prices and mortgage rates as homeowners fear missing out on the right moment to stake …
Borrowers with Less-Established Credit May be More Likely to Repay
National Mortgage News, Apr. 7, 2022–Bonnie Sinnock (subscription)U.S. consumers who had a single tradeline and then added a new one within the next two years had far lower delinquency rates …
The Correction is Here: 1Q22 MBS Issuance Down 37%
Inside Mortgage Finance, Apr. 7, 2022–John BancroftMortgage lenders delivered $611.73 billion of single-family loans into the agency secondary market in the first three months of 2022, the lowest quarterly volume …
More Signs of a Troubled Housing Market Emerge
TheStreet, Apr. 6, 2022–Dan WeilData from the Mortgage Bankers Association show negative developments surrounding mortgages.https://www.thestreet.com/investing/signs-troubled-housing-market
CFPB Files Amicus Brief in Wells Fargo Servicing Lawsuit
National Mortgage News, Apr. 5, 2022–Bonnie Sinnock (subscription)The CFPB argued that borrowers in the case of McCoy v. Wells Fargo had a right to answers that the bank had declined …