GlobeSt.com, Jan. 18, 2022–Erik ShermanIt looked like student housing would see a good year in 2022. Student housing vacancies dropped to a seven-year low. But enrollment numbers suggest that not …
Category: Top National News
California Mortgage Relief Program to Pay Homeowners with COVID-19 Hardship Up to $80K
Fox Business, Jan. 18, 2022–Kelsey RamirezThe program makes $1 billion in federal funding available to homeowners who encountered financial hardship due to COVID-19. The funds provided through the program also …
U.S. Commercial, Multifamily Mortgage Delinquencies Declined in Late 2021
World Property Journal, Jan. 18, 2022–Monsef RachidAccording to the Mortgage Bankers Association’s latest CREF Loan Performance Survey, delinquency rates for mortgages backed by commercial and multifamily properties declined during the …
High-Risk Lending Edges Up at Fannie and Freddie
Inside Mortgage Finance, Jan. 18, 2022–Namrata BhatiaFannie Mae and Freddie Mac widened their credit windows somewhat in 2021 after going risk-averse the previous year, according to a new analysis by …
Non-Agency MBS Issuance Climbs to Post-Crisis High in 2021
Inside Mortgage Finance, Jan. 14, 2022–John BancroftThe non-agency MBS market pumped out $50.23 billion of new issuance during the fourth quarter of 2021, the highest output since the end of …
Non-QM Lenders Hunt for LOs as Consumer-Direct Model Falters
HousingWire, Jan. 14, 2022–Maria Volkova (subscription)While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage lenders are going on a hiring spree.https://www.housingwire.com/articles/non-qm-lenders-hunt-for-los-as-consumer-direct-model-falters/
How Student Loan Relief Could Affect Mortgages in 2022
National Mortgage News, Jan. 14, 2022–Bonnie Sinnock (subscription)While President Biden’s campaign aspiration to provide $10,000 per-person in federal student-loan forgiveness remains elusive, other types of relief from education-related debt are …
Nonbank (Agency) MSR Market Share Just Shy of 61% at Yearend
Inside Mortgage Finance, Jan. 13, 2022–John BancroftNonbanks held the rights to $4.928 trillion of servicing tied to agency mortgage-backed securities at the end of 2021, according to a new Inside …
CFPB Likely to Punt Data-Sharing Rule into 2023
National Mortgage News, Jan. 13, 2022–Kate Berry (subscription)The Consumer Financial Protection Bureau is more than a year away from releasing a long-awaited proposal on consumers’ right to control their own …
Are Commercial, Multifamily Mortgages Still Performing Well?
Mortgage Professional America, Jan. 13, 2022–Candyd MendozaMBA’s latest CREF Loan Performance Survey showed that 97% of outstanding commercial and multifamily loan balances were current in Q4, up from 96.7% at …