Inside Mortgage Finance, Mar. 22, 2022–Brandon IveyIssuance of non-agency MBS backed by investment-property loans eligible for delivery to the GSEs hit choppy waters in recent months and continues to struggle …
Category: Top National News
New SEC Environmental Disclosure Rules Will Hit CRE Surprisingly Hard
GlobeSt.com, March 22, 2022–Erik Sherman After years of discussions and hints, the Securities and Exchange Commission finally released its proposed environmental disclosure rule for public company reporting. Even if commercial …
MBA’s [sic] Reports Low Delinquency Rates for Commercial, Multifamily Mortgages in Q4 2021
MortgageOrb, Mar. 21, 2022–Ariana FineCommercial and multifamily mortgage delinquencies declined in the fourth quarter of 2021, according to the Mortgage Bankers Association‘s latest Commercial/Multifamily Delinquency Report.https://mortgageorb.com/mbas-reports-low-delinquency-rates-for-commercial-multifamily-mortgages-in-q4-2021
MBA Holds Firm on FHFA Not Regulating GSE Lenders
Inside Mortgage Finance, Mar. 21, 2022–Dennis HollierThe Mortgage Bankers Association endorsed FHFA’s three main goals: safety and soundness, more equitable and sustainable housing and improving FHFA’s infrastructure. But the trade …
Searching for a Gain-on-Sale Floor…
Inside Mortgage Finance, Mar. 18, 2022–Paul Muolo When it comes to gain-on-sale margins, most of the residential finance industry is still licking its wounds from the fourth quarter, a period …
CFPB Expands Its Authority to Punish Banks for Discrimination
American Banker, Mar. 18, 2022–Kate Berry (subscription)The Consumer Financial Protection Bureau has declared that discrimination associated with any financial product — not just credit — is illegal.https://www.americanbanker.com/news/cfpb-expands-its-authority-to-punish-banks-for-discrimination
Monthly Mortgage Payments Reach New High
National Mortgage Professional, Mar. 18, 2022–Keith GriffinWith mortgage rates soaring, the typical homebuyer’s monthly mortgage payment has also reached a new high of $2,123, according to a report from Redfin …
Figure Sells eNote Mortgages as NFTs in Blockchain Marketplace
National Mortgage News, Mar. 17, 2022–Andrew Martinez (subscription)Figure registered its mortgages through its own lien and eNote registry system, Digital Asset Registration Technologies, or DART, the company’s alternative to MERS …
Freddie Mac Ending Automated Appraisal Waivers on Cash-Out Refinances
Orange County Register, Mar. 17, 2022–Jeff LazersonOn Wednesday, March 16, the same day the Federal Reserve raised its benchmark interest rate, mortgage giant Freddie Mac announced it will no longer …
Homes Earned More for Owners Than Their Jobs Last Year
Wall Street Journal, Mar. 17, 2022–Nicole Friedman (subscription)In this booming housing market, many homeowners earned more last year from home appreciation than from their jobs. Zillow said home values rose …