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 …
Category: Top National News
Ocwen Delivers a $21.5M Profit in 3Q
HousingWire, Nov. 8, 2021–Flavia Furlan NunesNonbank mortgage lender and originator Ocwen Financial Corporation generated a $21.5 million profit in the third quarter, reversing the $9.4 million loss in the same …
Mods Keep FHA Ahead of VA in New Ginnie MBS
Inside Mortgage Finance, Nov. 9, 2021–John BancroftLenders issued $64.60 billion of Ginnie single-family MBS last month, a 5.1% drop from September. That’s still a historically large number, better than any …
How the Elimination of the GSE Purchase Cap Impacted the Market
National Mortgage News, Nov. 9, 2021–Brad Finkelstein (subscription)The manner in which regulators removed the government-sponsored enterprises’ cap on certain risky loan purchases had more of an impact on the private-label …
U.S. Household Debt Hits New Record Following $286 Billion Increase
iHeart, Nov. 9, 2021–Bill GalluccioMortgages make up a vast majority of the debt, totaling $10.67 trillion, and were the main driver in the increase. During the third quarter, mortgage debt …
Here’s How Biden’s Focus on Affordable Housing Will Impact CMBS
GlobeSt.com, Nov. 9, 2021–Lynn PollackMike Flood, the Mortgage Bankers Association’s Senior Vice President Commercial/Multifamily Policy and Member Engagement, told Trepp in an interview this week that the proposed changes will …
When Will We See the Next Housing Recession?
HousingWire, Nov. 8, 2021–Logan MohtashamiAs we close in on Thanksgiving, we can be grateful for the recent excellent jobs report, which shows that the housing crash fanatics have failed once …
Red-Hot Housing Market Drives Biggest Home-Equity Drawdown Since 2007
Bloomberg, Nov. 8, 2021–Emily Cadman, Alice KantorHomeowners are tapping into their properties’ equity to fund renovations, invest in stocks and more.https://www.bloomberg.com/news/articles/2021-11-08/home-equity-loan-rates-incentivize-homeowners-to-invest-in-renovations-stocks?srnd=premium
Will Biden-Era Fannie Mae, Freddie Mac Policy Help Community Lenders?
National Mortgage News, Nov. 8, 2021–Bonnie Sinnock (subscription)The effectiveness of the Biden Administration’s efforts to house more low- to moderate-income borrowers is partially reliant on the ability of community lenders …
Fannie & Freddie Made $5.3B from Adverse Market Fee
HousingWire, Nov. 5, 2021–Georgia KromrieThe money Fannie Mae and Freddie Mac earned from the adverse market fee paid for nearly the entire cost of the agencies’ Covid relief options, according …