National Mortgage Professional, Dec. 7, 2021–David KrechevskyThe rule establishes requirements for how creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022. Under the rule, no …
Category: Top National News
More Renters and Homeowners are Missing Payments
HousingWire, Dec. 7, 2021–Flavia Furlan NunesAccording to the Mortgage Bankers Association‘s Research Institute for Housing America, the number of households missing rent or mortgage payments increased from 5.33 million to …
Covid Mortgage Bailout is Expiring. Here’s What to Do if You Still Can
CNBC, Dec. 6, 2021–Kate Dore“The maximum forbearance term was 18 months for most programs,” said Michael Fratantoni, chief economist of the Mortgage Bankers Association. “And many borrowers are reaching that …
Biden Eyes Tighter Rules for Shell-Company Real Estate Purchases
Bloomberg, Dec. 6, 2021–Justin SinkThe Treasury Department will begin developing regulations that could expand reporting requirements for all-cash real estate purchases as part of the Biden administration’s efforts to cut …
Five-Step Guide for Success in Non-QM
Mortgage Professional America, Dec. 6, 2021–Richard TorneAs originators scramble for business amid the drop in refinance loan demand, non-QM specialist Angel Oak Mortgage Solutions has published a concise must-have guide …
Guaranteed Rate Floats $382.8 Million in RMBS on prime Mortgages
National Mortgage News, Dec. 3, 2021–Donna Mitchell (subscription)Guaranteed Rate, Inc., is sponsoring a securitization of first-lien, fixed-rate prime mortgages through the RATE Mortgage Trust 2021-HB1, and it is the sponsor’s …
Trouble Ahead? Agency MBS Nears Pandemic Low in November
Inside Mortgage Finance, Dec. 3, 2021–John BancroftThe historic rally in agency residential MBS production that started from a global pandemic looks to be slowly running out of gas. Agency issuance …
Zillow Makes Progress As It Exits Home-Flipping
National Mortgage Professional, Dec. 3, 2021–Katie JensenZillow Group Inc. announced that it’s made significant progress in winding down Zillow Offers inventory and has sold more than 50% of the homes …
More Middle-Class Americans Richer Thanks to Rising Home Values
Mortgage Professional America, Dec. 3, 2021–Candyd MendozaThe increase in homeownership and the steady rise in home values has driven an increase in US household wealth, particularly in middle-class households, a …
Are New Loan Limits for Fannie and Freddie Too High?
Orange County Register, Dec. 2, 2021–Jeff LazersonYou now can buy a $1,021,895 home in Los Angeles and Orange counties with as little as 5% down and still get a loan …