Inside Mortgage Finance, Mar. 28, 2022–John BancroftFannie Mae and Freddie Mac reported $2.97 billion of seller repurchases in 2021, the largest annual volume in years, according to an exclusive Inside …
Category: Top National News
The Big Nonbanks Stir Up a Non-QM Turf War
HousingWire Plus, Mar. 28, 2022–Bill Conroy (subscription)Legacy non-QM lenders say that many new entrants will find the sector challenging from an operational perspective.https://www.housingwire.com/articles/the-big-nonbanks-stir-up-a-non-qm-turf-war/
The Housing Market is About to Get More Dysfunctional
Axios.com, Mar. 28, 2022–Neil IrwinThe U.S. housing market this spring selling season is looking like a multicar collision, a result of powerful forces crashing into each other.https://www.axios.com/housing-market-dysfunctional-51a41204-3928-4918-98c6-f6dfaeb79bc3.html
6 Potential Pitfalls for Servicers in Credit Reporting
National Mortgage News, Mar. 25, 2022–Bonnie Sinnock (subscription)Emergency legislation written early in the pandemic changed how things were done to protect borrowers with accommodations for hardships, and mortgage companies need …
As Secondary Market Volume Drags, Maxex Trims Staff
Inside Mortgage Finance, Mar. 25, 2022–Paul MuoloMaxex, the Atlanta-based mortgage trading platform, recently underwent a reduction in force, a reaction to declining originations for jumbos and other products in the …
Agencies Took Larger Share of 1-4 Mortgage Debt in 2021
Inside Mortgage Finance, Mar. 24, 2022–John BancroftThe supply of first-lien home mortgage debt topped a new benchmark in the fourth quarter of 2021, thanks to vigorous growth in the agency …
Mortgage Loan Modifications Rose 40% in Fourth Quarter: OCC
National Mortgage News, Mar. 23, 2022–Bonnie Sinnock (subscription)Serious delinquencies improved in the fourth quarter of 2021 but modifications and foreclosure starts rose as borrowers exited forbearance in droves, according to …
Home Values Soared During the Pandemic, Except for These Black Families
Washington Post, Mar. 23, 2022–Tracy JanHomes in Black neighborhoods are valued at 23 percent less, on average, than those in comparable White neighborhoods — despite having similar neighborhood and property …
Outstanding Commercial/Multifamily Mortgage Debt Reached Record High in Q4 2021
MortgageOrb, Mar. 23, 2022–Ariana FineCommercial/multifamily mortgage debt outstanding during the final three months of 2021 was $287 billion (7.4%) higher than at the end of 2020, according to the Mortgage …
Fannie Mae Doubles Down on Credit-Risk Insurance Transfers
National Mortgage News, Mar. 22, 2022–Bonnie Sinnock (subscription)Fannie Mae announced Tuesday that it has executed two credit-risk insurance transfers associated with mortgages acquired respectively in the second and third quarters …