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 …
Category: Top National News
Biden Extends Student Loan Freeze through August
The Hill, Apr. 6, 2022–Alex GangitanoThe freeze was set to lapse on May 1 per an extension signed by Biden in December, and the White House was under pressure by …
Crypto Mortgages Test Home Buyers’ Appetite in Digital-Currency World
Wall Street Journal, Apr. 5, 2022–Deborah Acosta (subscription)Miami firms now offer home loans in crypto, but many traditional lenders doubt such practice will gain scale.https://www.wsj.com/articles/crypto-mortgages-test-home-buyers-appetite-in-digital-currency-world-11649167203
Federal Home Loan Banks’ Purpose Called Into Question as Advances Drop
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 …
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 …