Inside Mortgage Finance, Jan. 12, 2022–Brandon IveyThe prime non-agency MBS market continued its strong start to the year, with three deals hitting the market Tuesday. Two of the three involve …
Category: Top National News
Demand For Financial Protection Policies Increase
National Mortgage Professional, Jan. 12, 2022–Katie JensenDemand for financial protection policies increased during the course of the Covid-19 pandemic. There was a huge surge in ratios of bad debt with …
REITs Ended 2021 Up More than 40% for the Year
Wealth Management Real Estate, Jan. 10, 2022–David BodamerPublicly traded real estate investment trusts rode a strong December to wrap up 2021 with total returns for the year up more than …
Mortgage Pink Slips Begin to Proliferate. Non-QM Sector Insulated?
Inside Mortgage Finance, Jan. 10, 2022–Paul MuoloThe long-anticipated slowdown in mortgage hiring finally appears to be here, courtesy of higher interest rates and a decline in applications.https://www.insidemortgagefinance.com/articles/223467-mortgage-pink-slips-begin-to-proliferate-non-qm-sector-insulated?v=preview
Americans’ Finances Got Stronger in the Pandemic—Confounding Early Fears
Wall Street Journal, Jan. 9, 2022–Rachel Louise Ensign (subscription)Stimulus payments brought millions out of poverty and allowed them to clear debt, and households of all income levels built up savings. …
Bed Bath and Beyond Is Closing More Stores
Wall Street Journal, Jan. 7, 2022–Allison Prang (subscription)Bed Bath and Beyond Inc. said it is closing 37 stores as the retailer continues to shrink its store count. The company is …
Fraud Costs And Attack Volume Increase For Mortgage Lenders
National Mortgage Professional, Jan. 7, 2022–Katie JensenMortgage lending fraud now costs 23.5% more than it did just before the pandemic hit in 2020, according to a new study by LexisNexis …
The Final MBS/ABS Tally for 2021: A Record $4.3 Trillion
Inside Mortgage Finance, Jan. 7, 2022–John BancroftThanks to a strong start, the structured finance market pumped out record levels of MBS and ABS issuance in 2021.https://www.insidemortgagefinance.com/articles/223459-the-final-mbsabs-tally-for-2021-a-record-43-trillion?v=preview
Industry Groups On Guard As Biden Pushes For Regulatory Changes
Commercial Mortgage Alert, Jan. 7, 2022–Steve Chambers“What’s been really impressive is the ability of the industry to articulate its needs during the pandemic,” said Michael Flood, the Mortgage Bankers Association’s …
CMBS Delinquency Rate Up For The First Time In 18 Months
Benzinga, Jan. 6, 2022–Phil HallThe delinquency rate for commercial mortgage-backed securities (CMBS) ended 2021 on a rare uptick, according to new data from Trepp LLC.https://www.benzinga.com/news/22/01/24931430/cmbs-delinquency-rate-up-for-the-first-time-in-18-months