Urban Institute, Nov. 29, 2021–Laurie Goodman, Jun Zhu, Edward GoldingThe authors recommend the Federal Housing Finance Agency reconsider the Fannie Mae/Freddie Mac countercyclical adjustment, as this could result in the …
Category: Top National News
Nonbanks Quick to implement 2022 Conforming Loan Limits
HousingWire, Dec. 2, 2021–Maria VolkovaHomepoint, Guaranteed Rate and UWM said that the new conforming loan limits were in effect as of Dec. 1.https://www.housingwire.com/articles/nonbanks-quick-to-implement-2022-conforming-loan-limits/
Thousands Could Soon Lose–or Sell–Their Homes as Covid Mortgage Bailouts Expire
CNBC, Dec. 2, 2021–Diana OlickHundreds of thousands of homeowners remain in a tough spot. Three percent of borrowers, or 264,000 homeowners, are now delinquent on mortgages after their programs expired, …
November Surprise: Fed May Accelerate Tapering
National Mortgage Professional, Dec. 1, 2021–David KrechevskyNewly reappointed Federal Reserve Chairman Jerome Powell had a November surprise for Congress on Tuesday, telling the Senate Banking Committee that during its next …
The Hill’s Top Lobbyists 2021
The Hill, Dec. 1, 2021Among those recognized by The Hill are Bill Killmer and Tallman Johnson of the Mortgage Bankers Association.https://thehill.com/business-a-lobbying/top-lobbyists/583722-the-hills-top-lobbyists-2021
White House Considering Richard Cordray as Top Fed Banking Regulator
Wall Street Journal, Nov. 30, 2021–Nick Timiraos, Andrew Ackerman, Ken Thomas (subscription)President Biden is considering Richard Cordray, the first director of the Consumer Financial Protection Bureau, to serve as the …
The Non-QM Outlook for 2022
HousingWire, Nov. 30, 2021Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 trillion in 2022, according to the Mortgage Bankers Association – non-QM …
MSR Transfer Pipeline Clogged with Too Many Deals
Inside Mortgage Finance, Nov. 29, 2021–Paul MuoloAt least $10 billion worth of bulk mortgage servicing rights hit the auction block over the past two weeks with more deals being negotiated …
Industry Braces for Another Fight over IRS Tax Reporting Plan
American Banker, Nov. 29, 2021–Brendan Pedersen (subscription)Financial services industry lobbyists are gearing up to fight another effort by lawmakers to make banks and credit unions report more account information to …
Mortgage Default Risk Increases as Refi Boom Nears an End
Mortgage Professional America, Nov. 23, 2021–Candyd MendozaThe lifetime default risk of US-backed mortgages rose in the second quarter of 2021 as less-risky refinance loans continued to dwindle, according to the …