National Mortgage Professional, Dec. 3, 2021–Katie JensenZillow Group Inc. announced that it’s made significant progress in winding down Zillow Offers inventory and has sold more than 50% of the homes …
Category: Top National News
More Middle-Class Americans Richer Thanks to Rising Home Values
Mortgage Professional America, Dec. 3, 2021–Candyd MendozaThe increase in homeownership and the steady rise in home values has driven an increase in US household wealth, particularly in middle-class households, a …
Are New Loan Limits for Fannie and Freddie Too High?
Orange County Register, Dec. 2, 2021–Jeff LazersonYou now can buy a $1,021,895 home in Los Angeles and Orange counties with as little as 5% down and still get a loan …
Our Perspective on the Enterprise Regulatory Capital Framework: Focus on the Countercyclical Features
Urban Institute, Nov. 29, 2021–Laurie Goodman, Jun Zhu, Edward GoldingThe authors recommend the Federal Housing Finance Agency reconsider the Fannie Mae/Freddie Mac countercyclical adjustment, as this could result in the …
Nonbanks Quick to implement 2022 Conforming Loan Limits
HousingWire, Dec. 2, 2021–Maria VolkovaHomepoint, Guaranteed Rate and UWM said that the new conforming loan limits were in effect as of Dec. 1.https://www.housingwire.com/articles/nonbanks-quick-to-implement-2022-conforming-loan-limits/
Thousands Could Soon Lose–or Sell–Their Homes as Covid Mortgage Bailouts Expire
CNBC, Dec. 2, 2021–Diana OlickHundreds of thousands of homeowners remain in a tough spot. Three percent of borrowers, or 264,000 homeowners, are now delinquent on mortgages after their programs expired, …
November Surprise: Fed May Accelerate Tapering
National Mortgage Professional, Dec. 1, 2021–David KrechevskyNewly reappointed Federal Reserve Chairman Jerome Powell had a November surprise for Congress on Tuesday, telling the Senate Banking Committee that during its next …
The Hill’s Top Lobbyists 2021
The Hill, Dec. 1, 2021Among those recognized by The Hill are Bill Killmer and Tallman Johnson of the Mortgage Bankers Association.https://thehill.com/business-a-lobbying/top-lobbyists/583722-the-hills-top-lobbyists-2021
White House Considering Richard Cordray as Top Fed Banking Regulator
Wall Street Journal, Nov. 30, 2021–Nick Timiraos, Andrew Ackerman, Ken Thomas (subscription)President Biden is considering Richard Cordray, the first director of the Consumer Financial Protection Bureau, to serve as the …
The Non-QM Outlook for 2022
HousingWire, Nov. 30, 2021Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 trillion in 2022, according to the Mortgage Bankers Association – non-QM …