HousingWire, Sept. 29, 2021–Chris ClowThe COVID-19 pandemic has caused historic, unprecedented challenges for mortgage servicers. Forbearance deadlines get pushed back seemingly in perpetuity, and an unproven, inconsistent technology infrastructure has …
Category: Top National News
Fannie, Freddie Flip Makes Rental Acquisitions Enticing Again
Orange County Register, Sept. 30, 2021–Jeff LazersonYou now can take another bite of the apple if you missed out before. Whether buying is on your brain, knocking the interest rate …
Poor Market Conditions Make Real Estate Investors Turn Sour
National Mortgage Professional, Sept. 29, 2021–Katie JensenAccording to the Realtytrac Investment Sentiment Survey of over 300 individual real estate investors, 48% of respondents believe that the investment market is worse …
FHFA Extends COVID-Related Multifamily Mortgage Forbearance: Here’s How You Can Qualify
Fox Business, Sept. 29, 2021–Kelsey RamirezThe Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would continue to offer COVID-19-related forbearance. The program, which was set to …
HECMs Continue to Gain
Inside Mortgage Finance, Sept. 29, 2021–Monica HoganResidential lenders originated $5.60 billion of FHA-backed reverse mortgages in the second quarter, a sequential improvement of 5.3% and one of the sector’s best …
Commercial and Multifamily Mortgage Debt Increases in Q2 2021
MortgageOrb, Sept. 29, 2021–Ariana FineCommercial/multifamily mortgage debt outstanding has increased by $60.7 billion (1.5%) in the second quarter of 2021, according to the Mortgage Bankers Association‘s latest Commercial/Multifamily Mortgage Debt …
More COVID Tools: FHA Seeks Feedback on 40-Year Loan Modification
Inside Mortgage Finance, Sept. 28, 2021–Monica Hogan FHA on Monday afternoon said it is taking public comments on a proposal to add a 40-year loan modification option combined with a …
On the Rise: Originations of Non-Agency Investment-Property Loans
Inside Mortgage Finance, Sept. 28, 2021–Brandon IveyIn spite of the back and forth over acquisitions of investment-property mortgages by the government-sponsored enterprises, originations of non-agency loans for investment properties are …
Retail (FHA/VA) Holds Up Slightly Better in 2Q21 Slump
Inside Mortgage Finance, Sept. 27, 2021–John BancroftGovernment lending was down in all three production channels in the second quarter of 2021, though third-party platforms took the biggest hit. Lenders of …
Wall Street Mortgage Bankers Are Freaking Out About Climate Change
Mother Jones, Sept. 27, 2021–Nveen SadasivamAn unexpected constituency is sounding the alarm on climate change: U.S. mortgage bankers. That’s according to a new report by the Research Institute for Housing …