Inside Mortgage Finance, Nov. 5, 2021–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued $272.82 billion of single-family MBS in October, a 1.4% decline from the previous month, according to …
Category: Top National News
State Regulators Shortchange Consumers
UExpress, Nov. 5, 2021–Lew SichelmanAccording to the latest report from the Consumer Federation of America — a national organization of more than 250 state and local nonprofit consumer groups — …
Loans Backed by Office Buildings Were Supposed to be Battered. That Prediction Proved Wrong
Wealth Management Real Estate, Nov. 4, 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?
State Regulators Shortchange Consumers
UExpress, Nov. 5, 2021–Lew SichelmanAccording to the latest report from the Consumer Federation of America — a national organization of more than 250 state and local nonprofit consumer groups — …
Wall Street Cop Gensler Pledges Big Cases, Faster Investigations
American Banker, Nov. 4, 2021Securities and Exchange Commission Chair Gary Gensler warned the financial industry that he won’t shy away from going after big firms pushing the limits in areas …
Return of the Zombie Homes?
Mortgage Professional America, Nov. 4, 2021–Richard TorneNumber of vacant residential properties down, but foreclosure activity “stands at a precipice” and “already on the upswing”, warns report.https://www.mpamag.com/us/news/general/return-of-the-zombie-homes/315512
Home Point Capital Bounces Back in Q3 Thanks to MSR Sale
HousingWire, Nov. 4, 2021–Maria VolkovaHome Point Capital, parent entity of Michigan-based wholesale lender Homepoint, bounced back from a brutal second quarter, posting a net income gain of $71 million in …
A Sinking Student Housing Empire
New York Times, Nov. 3, 2021–Matthew GoldsteinThree years ago, Patrick Nelson’s firm, Nelson Partners Student Housing, began rapidly collecting upscale apartment buildings to grab a share of a market worth …
Nonbanks Tighten Their Grip on the Servicing Market
Inside Mortgage Finance, Nov. 4, 2021–John BancroftNonbanks accounted for just over half of the owned mortgage servicing among the top 50 firms in the market at Sept. 30, according to …
Why Do Households of Color Own Only a Quarter of the Nation’s Housing Wealth When They Compose a Third of the Nation’s Households?
Urban Institute, Nov. 2, 2021–Various AuthorsThe authors say a multilevel policy agenda is needed to target the household, property, and neighborhood differences that are key to housing wealth outcomes, as …