Wall Street Journal, Nov. 16, 2021–Andrew Ackerman (subscription)The federal government is about to back mortgages of nearly $1 million for the first time. The maximum size of home-mortgage loans eligible …
Category: Top National News
The Case For (and Against) Lowering FHA Premiums
HousingWire, Nov. 16, 2021–Georgia KromreiBob Broeksmit, the CEO of the Mortgage Bankers Association, called on HUD to “expeditiously examine reductions” to the fees.https://www.housingwire.com/articles/the-case-for-and-against-lowering-fha-premiums/
Real Estate Investors Bought 18% Of Homes Sold In Q3: Report
Benzinga, Nov. 15, 2021–Phil HallAccording to a data report from the Seattle-headquartered brokerage Redfin, the third quarter sales level is up from a revised rate of 16.1% in the second …
Avoiding Commercial Property Foreclosure
National Mortgage Professional, Nov. 15, 2021–Navi PersaudA new report from Mortgage Rail suggests that avoiding commercial property foreclosure can be achieved by executing a successful commercial loan workout.https://nationalmortgageprofessional.com/news/avoiding-commercial-property-foreclosure
Commercial MBS Issuance Declines Again in 3Q21
Inside Mortgage Finance, Nov. 15, 2021–John BancroftSecuritization of income-property mortgages fell again in the third quarter, although a few sectors saw increased issuance, according to a new Inside MBS & …
Wells Fargo Sues to Foreclose on Standard High Line Hotel
Bloomberg, Nov. 12, 2021-John Gittelsohn, Eliza Ronalds-HannonThe lawsuit, filed Monday in federal court, alleges that Gaw owes its lenders nearly $187 million.https://www.bloomberg.com/news/articles/2021-11-12/wells-fargo-sues-to-foreclose-on-ny-standard-highline-hotel
Evictions Rising Even as Rental Help From Congress Reaches Millions of People
NPR, Nov. 12, 2021–Chris ArnoldEviction filings are rising sharply in many parts of the country. So a race is underway to get rental assistance money from Congress to people who …
Delinquency Rate Ticks Up in Third Quarter. Meaning?
Delinquency Rate Ticks Up in Third Quarter. Meaning?
New Mortgage Refinance Programs from Fannie Mae and Freddie Mac are Expanding to Reach More Homeowners
CNBC, Nov. 11, 2021–Sarah O’BrienLaunched in June by Fannie Mae, the program recently increased the income limit for qualifying and loosened some other requirements to make it easier for borrowers …
Private MIs Gain Share in Slumping 3Q21 Market
Inside Mortgage Finance, Nov. 11, 2021–John BancroftPrivate mortgage insurers weathered a sharp decline in refinance activity during the third quarter better than their government-insurance rivals, according to a new Inside …