Bloomberg, Dec. 9, 2021–Adam TempkinThe loans that are bundled into government-backed mortgage bonds are getting supersized as homes grow more expensive, a change that could weigh on the performance of …
Category: Top National News
Non-Agency Jumbo Lending Pulls Ahead, GSEs Stub Their Toe
Inside Mortgage Finance, Dec. 9, 2021–John BancroftThe non-agency jumbo market has been thriving in 2021 but may face a stiff challenge as agency loan limits rise significantly in January, according …
Commercial And Multifamily Delinquency Rates Fall
National Mortgage Professional, Dec. 8, 2021–Katie JensenCommercial and multifamily mortgage delinquencies decreased in the third quarter, according to the latest Mortgage Bankers Association’s Commercial/Multifamily Delinquency report.https://nationalmortgageprofessional.com/news/commercial-and-multifamily-delinquency-rates-fall
CFPB Issues Final Rule To Facilitate Transition From LIBOR
National Mortgage Professional, Dec. 7, 2021–David KrechevskyThe rule establishes requirements for how creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022. Under the rule, no …
More Renters and Homeowners are Missing Payments
HousingWire, Dec. 7, 2021–Flavia Furlan NunesAccording to the Mortgage Bankers Association‘s Research Institute for Housing America, the number of households missing rent or mortgage payments increased from 5.33 million to …
Covid Mortgage Bailout is Expiring. Here’s What to Do if You Still Can
CNBC, Dec. 6, 2021–Kate Dore“The maximum forbearance term was 18 months for most programs,” said Michael Fratantoni, chief economist of the Mortgage Bankers Association. “And many borrowers are reaching that …
Biden Eyes Tighter Rules for Shell-Company Real Estate Purchases
Bloomberg, Dec. 6, 2021–Justin SinkThe Treasury Department will begin developing regulations that could expand reporting requirements for all-cash real estate purchases as part of the Biden administration’s efforts to cut …
Five-Step Guide for Success in Non-QM
Mortgage Professional America, Dec. 6, 2021–Richard TorneAs originators scramble for business amid the drop in refinance loan demand, non-QM specialist Angel Oak Mortgage Solutions has published a concise must-have guide …
Guaranteed Rate Floats $382.8 Million in RMBS on prime Mortgages
National Mortgage News, Dec. 3, 2021–Donna Mitchell (subscription)Guaranteed Rate, Inc., is sponsoring a securitization of first-lien, fixed-rate prime mortgages through the RATE Mortgage Trust 2021-HB1, and it is the sponsor’s …
Trouble Ahead? Agency MBS Nears Pandemic Low in November
Inside Mortgage Finance, Dec. 3, 2021–John BancroftThe historic rally in agency residential MBS production that started from a global pandemic looks to be slowly running out of gas. Agency issuance …