Inside Mortgage Finance, Oct. 13, 2021–Paul MuoloJPMorgan Chase originated $46.1 billion of residential mortgages in the third quarter, a sequential improvement of 2.67% and a sign that some lending shops …
Category: Top National News
FHA Claws Past VA in 3Q21 Ginnie Single-Family MBS Issuance
Inside Mortgage Finance, Oct. 12, 2021–John BancroftNew issuance of Ginnie Mae single-family mortgage-backed securities slumped in the third quarter, but the FHA program saw a resurgence in its share of …
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages
National Mortgage Professional, Oct. 12, 2021–Navi PersaudThe Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group used inflated and deceptive home estimates …
Rocket, Homepoint, FOA Raise Fannie, Freddie Conforming Loan Limits
National Mortgage News, Oct. 12, 2021–Brad Finkelstein (subscription)Rocket Cos., Finance of America Mortgage and Homepoint have joined PennyMac and United Wholesale Mortgage in raising their conforming loan limit to $625,000, …
The Strongest Non-Agency MBS Reading in Quite Some Time
Inside Mortgage Finance, Oct. 11, 2021–Brandon IveySome $32.26 billion of securities backed by non-agency mortgages were issued in the third quarter, a 41.5% sequential gain and a post-2010 record, according …
CRE Debt Funds Are on Pace for a Banner Year
Wealth Management Real Estate, Oct. 11, 2021–Bendix AndersonThe race for financing multifamily properties has grown more competitive as debt funds are increasingly moving in and offering rates that now make …
Millennials Team Up to Fulfill the Dream of Homeownership
Wall Street Journal, Oct. 11, 2021–Alex Janin (subscription)Burdened by debt and facing soaring home prices, first-time home buyers are pooling their finances with partners, friends or roommates.https://www.wsj.com/articles/millennials-dream-of-homeownership-11633698676?mod=hp_lead_pos5
U.S. Mortgage Bonds Feel Strain of Fed Pullback Plans
Financial Times, Oct. 11, 2021–Kate Duguid, Joe RennisonHistoric lows in interest rates prompted homeowners to pre-pay their mortgages early and refinance at new, lower interest rates, according to data from …
(GSE) Cash-Out Refis: Boom Without the Bust
Inside Mortgage Finance, Oct. 8, 2021–Dennis HollierThe volume of cash-out refinance mortgages purchased by Fannie Mae and Freddie Mac this year has already surpassed 2020’s record-breaking total by $22.67 billion.https://www.insidemortgagefinance.com/articles/222669-gse-cash-out-refis-boom-without-the-bust
Credit Scores Rose for Consumers Who Dealt with COVID Hardships
National Mortgage News, Oct. 8, 2021–Bonnie Sinnock (subscription)In a study of VantageScore 4.0 changes for consumer credit lines other than student loans, TransUnion found that 58% of those with an …