HousingWire, Dec. 20, 2021–Georgia KromreiFannie Mae met all of the housing goals the Federal Housing Finance Agency imposed for 2020, but Freddie Mac failed its low-income refinance goal.https://www.housingwire.com/articles/freddie-mac-misses-low-income-refinance-goal/
Category: Top National News
Banks Beat the Fed in MBS Investments in 3Q but Not By Much
Inside Mortgage Finance, Dec. 17, 2021–John BancroftThe commercial banking industry barely held on as the top investor class in residential MBS during the third quarter, according to a new Inside …
Headwinds Confronting the Mortgage Industry in 2022
HousingWire, Dec. 17, 2021–Ravi CorreaThe Mortgage Bankers Association forecasted refinancing volume will decrease by nearly $1 trillion in 2022. Such a massive drop would create high-level risk for the financials …
Customer Satisfaction Falls at Big Banks Amid Staffing Challenges
American Banker, Dec. 16, 2021–Laura Alix (subscription)Consumer financial health has steadily fallen since May, according to monthly field surveys that J.D. Power has conducted since the onset of the COVID-19 …
Plenty of Home Equity but Consumers Just Aren’t Tapping It
Inside Mortgage Finance, Dec. 16, 2021–John BancroftU.S. homeowners continue to show little interest in tapping the equity implied by soaring house-price appreciation, according to a new Inside Mortgage Finance analysis …
Republicans Seek to Undercut CFPB Chief’s Role at FDIC
National Mortgage News, Dec. 15, 2021–Brendan Pedersen (subscription)House Republicans are trying to put pressure on the three Democratic members of the Federal Deposit Insurance Corp. board of directors currently locked …
Can Cash-out Refis Buffer the Layoff Picture?
Inside Mortgage Finance, Dec. 15, 2021–Paul MuoloThe great mortgage hiring boom, in which residential lenders increased their employee base by 22.7% over the past two years, appears to be over.https://www.insidemortgagefinance.com/articles/223281-can-cash-out-refis-buffer-the-layoff-picture?v=preview
Evictions on the Rise Months After Federal Moratorium Ends
Associated Press, Dec. 15, 2021–Adriana Gomez, Jim SalterThere was a brief lull in evictions after the ban ended. But housing advocates say they’re on the rise in many parts of …
Slow but Steady Growth for the Subservicing Sector
Inside Mortgage Finance, Dec. 14, 2021–Paul MuoloThe nation’s subservicing vendors continued to increase their contract base in the third quarter, ending the period with a processing caseload of $4.030 trillion, …
U.S. Commercial Real Estate Faces $16.9B In Flood Damage By 2052: Report
Benzinga, Dec. 13, 2021–Phil HallNearly 730,000 retail, office and multifamily properties in the continental U.S. face significant risks of flood damage over the next three decades based on dramatic climate …