Inside Mortgage Finance, Feb. 8, 2022–Monica HoganNew issuance of Ginnie Mae MBS peaked in April 2021 and has been on an almost steady decline ever since, with the downward trend …
Category: Top National News
Americans Lever Up on Credit Card, Mortgage Debt Ahead of Higher Interest Rates
Yahoo! Finance, Feb. 8, 2022–Brian CheungTotal household debt increased by $333 billion to $15.58 trillion in the final three months of last year, according to the Federal Reserve Bank of …
Angel Oak, AmWest Top Contributors to ECM MBS in 2021
Inside Mortgage Finance, Feb. 7, 2022–Brandon IveyAngel Oak Companies and AmWest Funding were neck-and-neck in first and second place among lenders contributing to expanded-credit mortgage-backed securities issued in 2021, according …
Elevated Bond Yields Approach Key Milestone
Wall Street Journal, Feb. 7, 2022–Sam Goldfarb (subscription)Friday’s blockbuster jobs report has pushed the yield on the 10-year U.S. Treasury note within reach of 2%, marking a major step in …
Manhattan Offices Face Reckoning as Older Buildings Get Left Behind
Bloomberg, Feb. 7, 2022–Natalie Wong, Jo ConstantzGlassy skyscrapers that have popped up in recent years are luring companies seeking new space and preparing for the hybrid-work era, a sign of …
Forbearance Count Reverses Course and Resumes Downward Slide
National Mortgage News, Feb. 7, 2022–Bonnie Sinnock (subscription)People with mortgage payments on hold due to coronavirus-related hardships has fallen after two weeks of gains, suggesting the long-term downward trajectory in …
A Reprieve for Now: Agency MBS Issuance Holds Steady
Inside Mortgage Finance, Feb. 4, 2022–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued a combined $237.98 billion of single-family MBS last month, up 0.8% from December. The modest gain …
Take Fannie and Freddie Out of Conservatorship Before It’s Too Late
National Mortgage News, Feb. 4, 2022–Jim Lockhart, Pat Lawler (subscription)If Britney Spears is out of conservatorship after 13 years, why not Fannie Mae and Freddie Mac?https://www.nationalmortgagenews.com/opinion/take-fannie-and-freddie-out-of-conservatorship-before-its-too-late
San Diego Surpasses San Francisco As The Least Affordable Metro In The U.S.
National Mortgage Professional, Feb. 4, 2022–Navi PersaudResearch published by OJO Labs revealed that San Diego is now the least affordable metro in the U.S., moving ahead of both San Francisco …
Nonbank Servicers Rack up Gains, Wells Fargo Falls Back to Earth
Inside Mortgage Finance, Feb. 3, 2022–John BancroftWells Fargo reported a 2.5% decline in owned servicing during the fourth quarter of 2021, sawing off its portfolio down to $991.48 billion. That’s …