Inside Mortgage Finance, Feb. 16, 2022–Dennis HollierThere was a slight increase in mortgage deliveries to Fannie Mae and Freddie Mac in January, despite rising interest rates and a low inventory …
Category: Top National News
Fannie Mae Doubles Net Worth But Remains Very Undercapitalized
National Mortgage News, Feb. 15, 2022–Brad Finkelstein (subscription)Even as Fannie Mae’s net worth almost doubled in the fourth quarter compared with 12 months prior, the government-sponsored enterprise remains significantly undercapitalized, …
Late Payments Decline but Serious Delinquencies are Elevated
Inside Mortgage Finance, Feb. 15, 2022–Brandon IveyThe reading for total delinquencies as of the end of 2021 suggests that late payments tied to the pandemic are in the past, according …
With Strategic Plan, FHFA Charts New Course
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/
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 …