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 …
Category: Top National News
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 …
Home Values Increase Faster In Family-Friendly Neighborhoods
Benzinga, Feb. 3, 2022–Phil HallThe Mortgage Bankers Association’s Market Composite Index, which measures home loan application volume, jumped by 12% for the week ending Jan. 28 compared to one week …
Get Ready for Non-QM’s Biggest Year Yet
Mortgage Professional America, Feb. 2, 2022–Allen MeigideThe Mortgage Bankers Association (MBA) is forecasting that purchase originations are expected to grow 9% to a new record of $1.73 trillion in 2022 …
Watchdog: FHFA Wanted to Pay Exec $250K ‘Bonus’
HousingWire, Jan. 31, 2022–Georgia Kromrei (subscription)Last March, then-Federal Housing Finance Agency Director Mark Calabria wanted to pay a Fannie Mae executive a $250,000 “bonus,” under the guise of a retention …
An Earnings Plunge for loanDepot. Servicing Write-downs Too
Inside Mortgage Finance, Feb. 1, 2022–Paul MuololoanDepot, the first of the nonbank mortgage bellwethers to report fourth quarter results, saw net income plunge 90.5% in the October-December period, blaming the …