National Mortgage Professional, Nov. 15, 2021–Navi PersaudA new report from Mortgage Rail suggests that avoiding commercial property foreclosure can be achieved by executing a successful commercial loan workout.https://nationalmortgageprofessional.com/news/avoiding-commercial-property-foreclosure
Category: Top National News
Commercial MBS Issuance Declines Again in 3Q21
Inside Mortgage Finance, Nov. 15, 2021–John BancroftSecuritization of income-property mortgages fell again in the third quarter, although a few sectors saw increased issuance, according to a new Inside MBS & …
Wells Fargo Sues to Foreclose on Standard High Line Hotel
Bloomberg, Nov. 12, 2021-John Gittelsohn, Eliza Ronalds-HannonThe lawsuit, filed Monday in federal court, alleges that Gaw owes its lenders nearly $187 million.https://www.bloomberg.com/news/articles/2021-11-12/wells-fargo-sues-to-foreclose-on-ny-standard-highline-hotel
Evictions Rising Even as Rental Help From Congress Reaches Millions of People
NPR, Nov. 12, 2021–Chris ArnoldEviction filings are rising sharply in many parts of the country. So a race is underway to get rental assistance money from Congress to people who …
Delinquency Rate Ticks Up in Third Quarter. Meaning?
Delinquency Rate Ticks Up in Third Quarter. Meaning?
New Mortgage Refinance Programs from Fannie Mae and Freddie Mac are Expanding to Reach More Homeowners
CNBC, Nov. 11, 2021–Sarah O’BrienLaunched in June by Fannie Mae, the program recently increased the income limit for qualifying and loosened some other requirements to make it easier for borrowers …
Private MIs Gain Share in Slumping 3Q21 Market
Inside Mortgage Finance, Nov. 11, 2021–John BancroftPrivate mortgage insurers weathered a sharp decline in refinance activity during the third quarter better than their government-insurance rivals, according to a new Inside …
Mortgage-Related Complaints Fall Across the Board
Inside Mortgage Finance, Nov. 10, 2021–Brandon IveyMortgage borrowers’ frustrations with servicing and loan originations declined during the third quarter, according to a new analysis of complaint data filed with the …
Rocket Blasts Off in the Private-Label Market
HousingWire, Nov. 10, 2021–Bill ConroyIndustry powerhouse Rocket Mortgage started out dabbling in the private-label secondary market slowly, with a single offering in 2019, followed by another in 2020, but it …
Zillow Sells 2,000 Homes in Dismantling Its House-Flipping Business
Wall Street Journal, Nov. 10, 2021–Will Parker (subscription)Zillow Group Inc. reached a deal to sell about 2,000 homes from its ill-fated house-flipping program, the company’s biggest bulk sale as it …