Inside Mortgage Finance, Jan. 25, 2022–Brandon IveyMortgage bankers ended 2021 with roughly $2.01 trillion of Ginnie Mae servicing rights on their books, up a scant 0.2% on an annual basis, …
Category: Top National News
Black Knight Says Millions of Borrowers Still Have Time to Refinance
RealtyBiz News, Jan. 26, 2022–Mike WheatleyNew data from Black Knight shows that more homeowners took advantage of current low mortgage rates over the last year to refinance and save money. …
Multifamily Mortgage Debt Increases
Multi-Housing News, Jan. 26, 2022-Jamie WoodwellThe late summer months of 2021 were very active for multifamily borrowing and lending.https://www.multihousingnews.com/multifamily-mortgage-debt-increases/
New York’s Beleaguered Hotel Industry Braces for Even More Hotels
Wall Street Journal, Jan. 24, 2022–Kate King (subscription) New York City hotels are still suffering from the effects of the pandemic, but that hasn’t slowed the flow of new properties …
JPM Tops Prime Non-Agency MBS Issuers; UWM Leads Lenders
Inside Mortgage Finance, Jan. 24, 2022–Brandon IveyJPMorgan Chase remained unparalleled among issuers of prime non-agency MBS in 2021, according to a new ranking and analysis by Inside Nonconforming Markets.https://www.insidemortgagefinance.com/articles/223591-jpm-tops-prime-non-agency-mbs-issuers-uwm-leads-lenders?v=preview
No VOE or VOI? Change to Issue Unique Expanded-Credit MBS
Inside Mortgage Finance, Jan. 21, 2022–Brandon IveyChange Lending is set to make a splash in the expanded-credit MBS market. The Community Development Financial Institution is prepping a $297.3 million security …
Court Authorizes Class Action Against Carrington over Servicing Fees
HousingWire, Jan. 21, 2022–Flavia Furlan Nunes (subscription)Plaintiffs claim servicer violated Maryland’s statutes by illegally charging $5 for monthly payments online or by phone.https://www.housingwire.com/articles/court-authorizes-class-action-against-carrington-over-servicing-fees/
FHA to Weigh Mortgage Insurance Premium Cut after 1Q
National Mortgage News, Jan. 20, 2022–Bonnie Sinnock (subscription)The Federal Housing Administration plans to consider the question of whether any change should be made to the mortgage insurance premiums after March, …
More than 5 Million Borrowers Just Missed Their Chance to Save on a Mortgage Refinance
CNBC, Jan. 21, 2022–Diana OlickThe average rate on the 30-year fixed loan has jumped more than 50 basis points since the start of this year, cutting the number of refinance …
New HOA Questionnaire Could Torpedo Condo Financing Under Fannie, Freddie
Orange County Register, Jan. 20, 2022–Jeff LazersonA nightmare scenario looms for condo buyers applying for certain types of federally backed mortgages. If you are selling or are looking to buy …