Inside Mortgage Finance, Oct. 20, 2021–John Bancroft (subscription)Loan removals from Ginnie Mae single-family MBS continued to decline in the third quarter as market churning moderated, according to an Inside MBS …
Category: Top National News
Princeton Club of New York Defaults on $39 Million Mortgage
Planet Princeton, Oct. 21, 2021–Krystal KnappThe Princeton Club of New York defaulted on a $39.3 million mortgage for its 10-story building located at 15 West 43rd Street; Bloomberg first reported …
Can I Quit My Job And Still Get A Mortgage? We’ve Got Answers
Forbes, Oct. 22, 2021–Natalie Campisi, Rachel WitkowskiMost lenders want to see at least two years of consistent work history; however, changing jobs is acceptable, as long as the break between …
Seniors Often Targeted in Realty Fraud
UExpress, Oct. 22, 2021–Lew SichelmanAmericans age 70 and above have accumulated a total net worth of nearly $35 trillion, much of it in their homes and other real estate holdings. …
Time for Fed to Taper Bond Purchases But Not to Raise Rates, Powell Says
Reuters, Oct. 22, 2021–Lindsay Dunsmuir, Ann SaphirFederal Reserve Chair Jerome Powell on Friday said the U.S. central bank should start the process of reducing its support of the economy by …
As Refis Dry Up, Mortgage Firms Vow to Lend More to Minority Borrowers
National Mortgage News, Oct. 22, 2021–Kate Berry (subscription)But just as lenders are lamenting the challenges of a rising-rate environment, the industry is pivoting to focus on diversity and inclusion. Reaching …
GSE-Eligible Investment-Property Loans Still Flowing Into Non-Agency MBS
Inside Mortgage Finance, Oct. 22, 2021–Brandon IveyLifting of restrictions on the acquisition of investment-property mortgages by the government-sponsored enterprises has done little to slow the flow of the loans into …
Forbearance Rate Improves at Fastest Pace Since Pandemic Began
National Mortgage News, Oct. 15, 2021–Bonnie Sinnock (free content)Over the last 30 days, the number of borrowers with pandemic-related payment suspensions plummeted at a rate not seen since the coronavirus …
Fed Signals Asset Purchases Could End by Mid-2022
Wall Street Journal, Oct. 13, 2021–Nick Timiraos (subscription)Federal Reserve officials last month firmed up their plans to begin reducing their bond-buying stimulus program in November and to possibly end the …
Almost 20% of U.S. Households Lost Entire Savings During Covid
Bloomberg, Oct. 13, 2021–Simone SullivanFor nearly 20% of U.S. households, the pandemic wiped out their entire financial cushion, a poll released Tuesday finds. The share of respondents who said they …