National Mortgage News, Oct. 7, 2021–Hannah Lang (subscription)Lawmakers appeared supportive of Alanna McCargo’s nomination at a Senate hearing Thursday. If confirmed, the former Urban Institute vice president would fill a …
Category: Top National News
Here’s Where the FHFA is Headed Under Sandra Thompson
HousingWire, Oct. 7, 2021–Georgia Kromrei(subscription article) (MBA mention)https://www.housingwire.com/articles/heres-where-the-fhfa-is-headed-under-sandra-thompson/
Report Shows San Diego Surpassed LA In Unaffordability
National Mortgage Professional, Oct. 7, 2021–Navi PersaudAccording to a new report, as of Sept. 2021 it is more difficult to afford a home in San Diego for a family making …
The Tea Leaves: MBS Issuance Continues Its Downward Slope
Inside Mortgage Finance, Oct. 7, 2021–John BancroftMortgage lenders delivered a total of $808.40 billion of single-family home loans into the agency secondary market during the third quarter, according to a …
FHFA Shuts the Door on Fannie/Freddie JV Issuing Non-GSE Securities
Inside Mortgage Finance, Oct. 6, 2021–Dennis HollierIn a surprise announcement Tuesday afternoon, the Federal Housing Finance Agency declared that Common Securitization Solutions will not expand beyond its current role of …
Even with Low Interest Rates, Mortgage Payments are Increasingly Unaffordable
CNBC, Oct. 5, 2021–Alicia AdamczykEven in the current low interest rate environment, mortgage payments are becoming increasingly unaffordable for the median American family, according to a report from the Federal …
Industry Prays for Clarity But Expects No Mercy from Chopra
HousingWire, Oct. 4, 2011–Georgia Kromrei“Today’s mortgage market is the safest it has been in decades,” said Bob Broeksmit, president of the Mortgage Bankers Association.https://www.housingwire.com/articles/industry-prays-for-clarity-but-expects-no-mercy-from-chopra/
Ocwen Financial, Reverse Mortgage Solutions Close on Servicing Platform Sale
MortgageOrb, Oct. 4, 2021–Ariana FineOcwen Financial Corp.’s wholly-owned subsidiary, PHH Mortgage Corp., completed the previously announced transaction with Reverse Mortgage Solutions Inc. and its parent, Mortgage Assets Management LLC.https://mortgageorb.com/ocwen-financial-reverse-mortgage-solutions-close-on-servicing-platform-sale
Thompson Planning to Look at How the GSEs Price Loans, While…
Inside Mortgage Finance, Oct. 4, 2021–Dennis HollierIs the credit box at Fannie Mae and Freddie Mac too small? Sandra Thompson, acting director of the Federal Housing Finance Agency, doesn’t think …
Flood Insurance Costs Set to Rise as FEMA’s New Rates Kick In
Bloomberg, Oct. 1, 2021–Leslie Kaufman, Polly MosendzThe federal government Friday rolls out a flood-insurance program revamped to reflect worsening climate change, a program that will raise rates for millions of …