National Mortgage News, Apr. 4, 2022–Kate Berry (subscription)As banks rack up record levels of deposits, the Federal Home Loan banks’ core business of providing liquidity to member institutions is drying …
Category: Top National News
A Tough Year for ARM Production but That Could Change
Inside Mortgage Finance, Apr. 5, 2022–Brandon IveyOriginations of adjustable-rate mortgages declined in the fourth quarter as interest rate trends incentivized borrowers to select fixed-rate mortgages over ARMs.https://www.insidemortgagefinance.com/articles/224217-a-tough-year-for-arm-production-but-that-could-change?v=preview
The 1Q22 Tally: Expanded-Credit Props Up Non-Agency Market
Inside Mortgage Finance, Apr. 4, 2022–Brandon IveyIssuance of expanded-credit mortgage-backed securities increased on a sequential basis in the first quarter while prime non-agency MBS activity tumbled, according to a new …
HECM Endorsements Hit 11-Year High
National Mortgage News, Apr. 4, 2022–Spencer Lee (subscription)Endorsements of Home Equity Conversion Mortgages in March jumped to their highest level since March 2011, as seniors took advantage of increasing equity.https://www.nationalmortgagenews.com/news/hecm-endorsements-hit-11-year-high
Three Challenges Facing Single Female Borrowers Entering the Mortgage Market
Urban Institute, Mar. 30, 2022–Laurie Goodman, Jun ZhuThe authors explore the demographic profiles of single female borrowers and how they have fared in the mortgage market during the COVID-19 pandemic. …
Thompson Says FHFA is Preparing GSEs for End of Conservatorship
National Mortgage News, Apr. 1, 2022–Kyle Campbell (subscription)The Federal Housing Finance Agency is preparing the government-sponsored enterprises for life after conservatorship, acting director Sandra Thompson said Thursday.https://www.nationalmortgagenews.com/news/thompson-says-fhfa-is-preparing-gses-for-end-of-conservatorship
Corporate Landlords are Gobbling up U.S. Suburbs. These Homeowners are Fighting Back
Washington Post, Mar. 31, 2022–Peter Whoriskey, Kevin SchaulUsing authority that lets them punish homeowners who fail to cut the grass, one predominantly Black neighborhood in North Carolina slows the pace …
CFPB’s Questions to Banks Suggest New Frontiers in Fair-Lending Scrutiny
American Banker, Mar. 31, 2022–Jon Prior (subscription)Questionnaires sent to banks in recent months seek information about loans to same-sex couples, women on maternity leave and people with limited English proficiency. …
A Large GSE MSR Package Hits the Auction Circuit
Inside Mortgage Finance, Mar. 31, 2022–Paul MuoloIncenter Mortgage Advisors is in the market with a $7.03 billion package of Fannie Mae and Freddie Mac bulk mortgage servicing rights, marking one …
Federal Reserve Warns of ‘Brewing U.S. Housing Bubble’
CBS News, March 31, 2022–Aimee PicchiThe Federal Reserve Bank of Dallas cautioned that the market is showing “signs of a brewing U.S. housing bubble.”https://www.cbsnews.com/news/housing-bubble-2022-federal-reserve-warning/