HousingWire, Feb. 14, 2022–Georgia KromrieThe Federal Housing Finance Agency (FHFA), in its new strategic plan, indicated it is heading in a different direction than under the Trump administration.https://www.housingwire.com/articles/with-strategic-plan-fhfa-charts-new-course/
Category: Top National News
Home Remodeling Industry Thriving Despite Hurdles
Mortgage Professional America, Feb.11, 2022–Tony CantuSupply chain problems? Rising costs? Despite such prevailing challenges in the housing market, a new report shows the remodeling industry saw strong demand throughout 2021.https://www.mpamag.com/us/news/general/home-remodeling-industry-thriving-despite-hurdles/325239
Mortgage Servicer Accused of Pushing Distressed Homeowners Onto Its Auction Site
Capital & Main, Feb. 11, 2022–Jessica GoodheartA class action lawsuit alleges that Nationstar is pushing distressed borrowers by the thousands every year to use its subsidiary, an online real estate …
Opinion: Court Decision Redefines Covered Errors in Mortgage Servicer Loss Mit
National Mortgage News, Feb. 11, 2022–Dayna Chucta, Adam Swanson (subscription)A Second Circuit decision, Naimoli v. Ocwen Loan Servicing, issued in January, now provides that a loan servicer’s errors in handling …
Taking Equity Without Refinancing
UExpress, Jan. 11, 2022–Lew SichelmanWith loan costs rising to their highest levels in more than two years, time may have run out on many homeowners thinking about refinancing. But some …
Freddie Mac Reports a Quarterly Decline in Loan Purchases, Profit
National Mortgage News, Feb. 10, 2022–Bonnie Sinnock (subscription)New purchases of single-family loans at Freddie Mac soared to another record high in 2021, the second of two banner years for the …
Foreclosure Levels And Mortgage Rates At Pandemic-Era Peaks
Benzinga, Feb. 10, 2022–Phil HallThe U.S. housing market experienced the beginnings of a mortgage servicing sinkhole last month with 23,204 residential properties with foreclosure filings, a 29% increase from the …
Why Do So Few People Buy Affordable Properties at Auction?
Urban Institute, Feb. 8, 2022–Jung Hyun Choi, Laurie Goodman, Liam ReynoldsThis report offers an analysis of auction sales in 2019 and 2020, and it includes a set of policy options …
Whole-Loan Prices for Non-QMs Slip…
Inside Mortgage Finance, Feb. 9, 2022–Paul MuoloThe lower pricing means MBS deals can still get done, but non-QM originators will be forced to raise their rates to make the numbers …
Fannie Mae Settles Fair Housing Lawsuit for $53M
National Mortgage Professional, Feb. 8, 2022–David KrechevskyAgreement with coalition of fair housing organizations compensates for unequal treatment of REO properties in minority communities.https://nationalmortgageprofessional.com/news/fannie-mae-settles-fair-housing-lawsuit-53m