HousingWire, Mar. 6, 2022–Georgia KromreiAccording to an FHFA spokesperson, neither Fannie nor Freddie’s plan is sufficient for any of the three underserved markets in question. The spokesperson declined to say …
Category: Top National News
Agencies Set Annual Record In 2021 Despite a Slower 4Q
Inside Mortgage Finance, Jan. 6, 2022–John BancroftIssuance of new single-family mortgage-backed securities by Fannie Mae, Freddie Mac and Ginnie Mae declined again in the fourth quarter of 2021, according to …
How Will Rising Interest Rates Affect the Housing Market?
Barron’s Live, Jan. 5, 2022–Jacob Passy, Mike FratantoniMichael Fratantoni, chief economist at the Mortgage Bankers Association, explains the implications for the housing and mortgage markets.https://www.barrons.com/podcasts/barrons-live/how-will-rising-interest-rates-affect-the-housing-market/00528375-1749-4fb1-addd-c2599552356e?page=1
FTC Settles with Data Analytics Firm after Millions of Americans’ Mortgage Files Exposed
TechCrunch, Jan. 5, 2022–Zack WhittakerThe settlement, announced late December, orders the Texas-based firm Ascension to strengthen its security practices and ensure that its vendors also maintain proper data security safeguards. …
20 State Attorneys General Take Aim at Mortgage Servicers
HousingWire, Jan. 5, 2022–Georgia KromreiThe attorneys general wrote in a Dec. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options …
California Leaders to Announce Mortgage Relief Program for Homeowners Struggling During Pandemic
KCRA, Jan. 5, 2022California state leaders plan to open applications for mortgage relief payments to some of those struggling during the pandemic. The plan aims to pay off homeowners’ past …
Fed Weighs Proposals for Eventual Reduction in Bond Holdings
Wall Street Journal, Jan. 4, 2022–Nick Timiraos (subscription)Federal Reserve officials are beginning to map out how and when they could shrink their $8.76 trillion portfolio of Treasury and mortgage securities, …
FASB Targets New Long-Term Agenda, Rules on Expense Disclosure in 2022
Wall Street Journal, Jan. 3, 2022–Jark Maurer (subscription)The Financial Accounting Standards Board plans to propose new rules on how companies disclose expenses and make key changes to its long-term agenda …
36% Of Americans Incur Holiday Debt This Season
National Mortgage Professional, Jan. 3, 2022–Katie JensenThe newest LendingTree survey found that more than a third of consumers (36%) incurred holiday debt this season, averaging $1,249.https://nationalmortgageprofessional.com/news/36-americans-incur-holiday-debt-season
A New European Real Estate Securitization Platform Steps into the U.S.
Wealth Management Real Estate, Dec. 22, 2021–Beth Mattson-TeigWill investors be able to buy and sell direct real estate from their stock trading account, much like they buy shares in companies …