Inside Mortgage Finance, Nov. 29, 2021–Paul MuoloAt least $10 billion worth of bulk mortgage servicing rights hit the auction block over the past two weeks with more deals being negotiated …
Category: Top National News
Industry Braces for Another Fight over IRS Tax Reporting Plan
American Banker, Nov. 29, 2021–Brendan Pedersen (subscription)Financial services industry lobbyists are gearing up to fight another effort by lawmakers to make banks and credit unions report more account information to …
Mortgage Default Risk Increases as Refi Boom Nears an End
Mortgage Professional America, Nov. 23, 2021–Candyd MendozaThe lifetime default risk of US-backed mortgages rose in the second quarter of 2021 as less-risky refinance loans continued to dwindle, according to the …
The MSR Market is Exuberant–for All the Right Reasons
HousingWire, Nov. 23, 2021–Bill ConroyThe MSR sales market is finishing out 2021 at a robust pace that market observers expect will continue into the new year, propelled by a rising-rate …
Banks Look Ready to Pick up the Slack as Fed Pulls Away
Inside Mortgage Finance, Nov. 19, 2021–John BancroftCommercial banks and savings institutions continued to build up their residential MBS holdings during the third quarter, according to a new Inside MBS & …
CVS to Close 900 Stores Over Three Years
Wall Street Journal, Nov. 18, 2021–Sharon Terlep, Michael Dabaie (subscription)CVS Health Corp. said Thursday it will close 900 stores over the next three years, nearly 10% of its U.S. locations, …
Mortgage Bills Are Coming Again. $10 Billion in Aid May Arrive First
New York Times, Nov. 18, 2021–Matthew GoldsteinThe federal Homeowner Assistance Fund aims to help those still struggling as forbearance periods come to an end. But the assistance isn’t limited to …
Draft Defect Taxonomy Could Have ‘Chilling Effect’ on FHA Market
HousingWire, Nov. 17, 2021–Georgia KromreiEnvisioned to provide rules of the road for mortgage servicers, industry groups and housing advocates say the Federal Housing Administration‘s draft defect taxonomy would instead keep …
Loans Backed by Office Buildings Were Supposed to be Battered. That Prediction Proved Wrong
Wealth Management Real Estate, Nov. 17, 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?
GSE Cash Purchases Give Way to Different Strategies
Inside Mortgage Finance, Nov. 16, 2021–John BancroftFannie Mae and Freddie Mac saw shifts in how they acquire single-family loans after new conservatorship rules on cash-window transactions were announced early this …