National Mortgage News, Mar. 8, 2022–Brad Finkelstein (subscription)Mortgage Industry Advisory Corp. is brokering for an unnamed mortgage banker a $1.94 billion Fannie Mae and Freddie Mac mortgage servicing rights portfolio.https://www.nationalmortgagenews.com/news/nearly-2b-in-fannie-mae-freddie-mac-servicing-is-up-for-sale
Category: Top National News
A Nice Bounce Back for Expanded-Credit Lending in 2021
Inside Mortgage Finance, Mar. 7, 2022–Brandon IveyOriginations of expanded-credit mortgages increased significantly in 2021, indicating that the financial impact of the coronavirus pandemic is now firmly in the rearview mirror.https://www.insidemortgagefinance.com/articles/223971-a-nice-bounce-back-for-expanded-credit-lending-in-2021?v=preview
What Home Prices Will Look Like in 2023, According to Fannie Mae
Fortune, March 7, 2022–Lance LambertFannie Mae just became the latest real estate firm to shift up its 2022 forecast. Last year, Fannie Mae predicted that the median existing home price …
The Winter Tally: Agency MBS Production Falls Sharply in February
Inside Mortgage Finance, Mar. 4, 2022–John BancroftIssuance of single-family MBS often declines in February: It has the fewest business days, and the housing market is usually in a lull.https://www.insidemortgagefinance.com/articles/223965-the-winter-tally-agency-mbs-production-falls-sharply-in-february?v=preview
REIT Earnings Rose 24.6% In 2021: Report
Benzinga, Mar. 4, 2022–Phil HallNareit reported nearly every commercial real estate sector experienced FFO growth between 2020 and 2021, with only the health care sector recording a full year’s FFO …
Why Some Owners Are Staying Put
The Housing Scene (UExpress), Mar. 4, 2022–Lew SichelmanNew affordability estimates show why so few houses are on the market: Owners who might want to sell may not be able to …
Philly Fed Report: Black Homeowners Face More Denials for Refinancing
Philadelphia Tribune, Mar. 3, 2022–Stephen WilliamsKristy Fercho, head of Wells Fargo Home Lending and Chair of the Mortgage Bankers Association, recently wrote an opinion piece for American Banker and National …
San Francisco Girds for Blow of Office Workers Never Returning
Bloomberg, Mar. 3, 2022–Romy VargheseThe tech hub is particularly vulnerable to a long-term shift to remote jobs. The San Francisco metro area has the lowest share of workers back at …
Neither Rate Volatility Nor War Has Stymied the MSR Market
HousingWire, Mar. 3, 2022–Bill ConroyDespite the global turmoil sparked by Russia’s recent invasion of Ukraine and the volatility in interest rates that has followed, the mortgage servicing rights (MSR) market …
Opinion: GSEs’ Affordable Housing Goals Should Include Single-Family Rentals
National Mortgage News, March 2, 2022–Paul Manchester (subscription)The Housing and Economic Recovery Act of 2008 modified government-sponsored enterprise housing goals, which had been in effect since 1993, but in doing …