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 …
Category: Top National News
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 …
Adjustable Mortgages Now Hugely More Affordable Than Fixed Rates
Orange County Register, May 5, 2022–Jeff LazersonWith savings of 1 percentage point or more and a recession looming next year, borrowers willing to gamble on an ARM could lower their …
In 1Q22, Nonbanks Once Again Tightened Their Grip on the MSR Market
Inside Mortgage Finance, May 5, 2022 (subscription)A handful of second-tier mortgage servicers accounted for much of the ongoing growth of nonbanks in the market, according to an exclusive Inside Mortgage …