HousingWire, Nov. 23, 2021–Bill ConroyThe MSR sales market is finishing out 2021 at a robust pace that market observers expect will continue into the new year, propelled by a rising-rate …
Category: Top National News
Banks Look Ready to Pick up the Slack as Fed Pulls Away
Inside Mortgage Finance, Nov. 19, 2021–John BancroftCommercial banks and savings institutions continued to build up their residential MBS holdings during the third quarter, according to a new Inside MBS & …
CVS to Close 900 Stores Over Three Years
Wall Street Journal, Nov. 18, 2021–Sharon Terlep, Michael Dabaie (subscription)CVS Health Corp. said Thursday it will close 900 stores over the next three years, nearly 10% of its U.S. locations, …
Mortgage Bills Are Coming Again. $10 Billion in Aid May Arrive First
New York Times, Nov. 18, 2021–Matthew GoldsteinThe federal Homeowner Assistance Fund aims to help those still struggling as forbearance periods come to an end. But the assistance isn’t limited to …
Draft Defect Taxonomy Could Have ‘Chilling Effect’ on FHA Market
HousingWire, Nov. 17, 2021–Georgia KromreiEnvisioned to provide rules of the road for mortgage servicers, industry groups and housing advocates say the Federal Housing Administration‘s draft defect taxonomy would instead keep …
Loans Backed by Office Buildings Were Supposed to be Battered. That Prediction Proved Wrong
Wealth Management Real Estate, Nov. 17, 2021–Patricia KirkOffice loan portfolios held by non-bank lenders have been posting steady performance, helped by long leases, high quality assets and some workouts.https://www.wealthmanagement.com/investment-strategies/loans-backed-office-buildings-were-supposed-be-battered-prediction-proved?
GSE Cash Purchases Give Way to Different Strategies
Inside Mortgage Finance, Nov. 16, 2021–John BancroftFannie Mae and Freddie Mac saw shifts in how they acquire single-family loans after new conservatorship rules on cash-window transactions were announced early this …
Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million as Prices Soar
Wall Street Journal, Nov. 16, 2021–Andrew Ackerman (subscription)The federal government is about to back mortgages of nearly $1 million for the first time. The maximum size of home-mortgage loans eligible …
The Case For (and Against) Lowering FHA Premiums
HousingWire, Nov. 16, 2021–Georgia KromreiBob Broeksmit, the CEO of the Mortgage Bankers Association, called on HUD to “expeditiously examine reductions” to the fees.https://www.housingwire.com/articles/the-case-for-and-against-lowering-fha-premiums/
Real Estate Investors Bought 18% Of Homes Sold In Q3: Report
Benzinga, Nov. 15, 2021–Phil HallAccording to a data report from the Seattle-headquartered brokerage Redfin, the third quarter sales level is up from a revised rate of 16.1% in the second …