National Mortgage Professional, Dec. 13, 2021–Katie JensenThe chairman and co-founder of Evergrande, Hui Ka Yan (Xu Jiayin in Mandarin), has been forced to cut his stake from the company, according …
Category: Top National News
REITs Are Poised to End Year on High Note
Wealth Management Real Estate, Dec. 13, 2021–David Bodamer With healthy balance sheets and solid commercial real estate fundamentals, publicly traded real estate investment trusts remain on strong footing headed into …
Opinion: CFPB Goes Rogue under Rohit Chopra
National Mortgage News, Dec. 13, 2021–Christopher Whalen (subscription)The CFPB seems to have been turned loose by Chopra in a redux of the bad old days under former director Richard Cordray, …
REIT MBS Holdings Ebb in 3Q21, Annaly Extends Lead
Inside Mortgage Finance, Dec. 10, 2021–John BancroftResidential MBS holdings among top publicly traded real estate investment trusts declined slightly during the third quarter.https://www.insidemortgagefinance.com/articles/223245-reit-mbs-holdings-ebb-in-3q21-annaly-extends-lead?v=preview
Foreclosure Wave Not in the Cards as Mortgage Relief Programs End
Denver Post, Dec. 10, 2021–Aldo Svaldi“Most borrowers, even though they had the ability to skip payments, kept paying,” said Michael Fratantoni, chief economist at the Mortgage Bankers Association during a …
CFPB Finds Forbearance Fee and Fair Lending Issues in Examinations
National Mortgage News, Dec. 8, 2021–Bonnie Sinnock (subscription)Late fees wrongly charged to people in forbearance, and discriminatory lending practices were among the anonymized mortgage-related violations the Consumer Financial Protection Bureau …
U.S. Household Wealth Increase in Q3 Smallest of Pandemic Era, Fed Says
Reuters, Dec. 9, 2021–Ann Saphir, Lindsay DunsmuirU.S. household wealth rose to a record $144.7 trillion at the end of the third quarter, a report from the Federal Reserve showed on …
Supersized Mortgages Are Making the Agency MBS Market Riskier
Bloomberg, Dec. 9, 2021–Adam TempkinThe loans that are bundled into government-backed mortgage bonds are getting supersized as homes grow more expensive, a change that could weigh on the performance of …
Non-Agency Jumbo Lending Pulls Ahead, GSEs Stub Their Toe
Inside Mortgage Finance, Dec. 9, 2021–John BancroftThe non-agency jumbo market has been thriving in 2021 but may face a stiff challenge as agency loan limits rise significantly in January, according …
Commercial And Multifamily Delinquency Rates Fall
National Mortgage Professional, Dec. 8, 2021–Katie JensenCommercial and multifamily mortgage delinquencies decreased in the third quarter, according to the latest Mortgage Bankers Association’s Commercial/Multifamily Delinquency report.https://nationalmortgageprofessional.com/news/commercial-and-multifamily-delinquency-rates-fall