National Mortgage News, Nov. 8, 2021–Bonnie Sinnock (subscription)The effectiveness of the Biden Administration’s efforts to house more low- to moderate-income borrowers is partially reliant on the ability of community lenders …
Category: Top National News
Fannie & Freddie Made $5.3B from Adverse Market Fee
HousingWire, Nov. 5, 2021–Georgia KromrieThe money Fannie Mae and Freddie Mac earned from the adverse market fee paid for nearly the entire cost of the agencies’ Covid relief options, according …
Mortgage Insurer Business Slips in 3Q as Originations Fade
National Mortgage News, Nov. 5, 2021–Brad Finkelstein (subscription)All six MI companies combined did $148.7 billion in new insurance written, down 6% from $158 billion in the second quarter and 18% …
Agency MBS Volume Ebbs in October Despite Refi Bump
Inside Mortgage Finance, Nov. 5, 2021–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued $272.82 billion of single-family MBS in October, a 1.4% decline from the previous month, according to …
State Regulators Shortchange Consumers
UExpress, Nov. 5, 2021–Lew SichelmanAccording to the latest report from the Consumer Federation of America — a national organization of more than 250 state and local nonprofit consumer groups — …
Loans Backed by Office Buildings Were Supposed to be Battered. That Prediction Proved Wrong
Wealth Management Real Estate, Nov. 4, 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?
State Regulators Shortchange Consumers
UExpress, Nov. 5, 2021–Lew SichelmanAccording to the latest report from the Consumer Federation of America — a national organization of more than 250 state and local nonprofit consumer groups — …
Wall Street Cop Gensler Pledges Big Cases, Faster Investigations
American Banker, Nov. 4, 2021Securities and Exchange Commission Chair Gary Gensler warned the financial industry that he won’t shy away from going after big firms pushing the limits in areas …
Return of the Zombie Homes?
Mortgage Professional America, Nov. 4, 2021–Richard TorneNumber of vacant residential properties down, but foreclosure activity “stands at a precipice” and “already on the upswing”, warns report.https://www.mpamag.com/us/news/general/return-of-the-zombie-homes/315512
Home Point Capital Bounces Back in Q3 Thanks to MSR Sale
HousingWire, Nov. 4, 2021–Maria VolkovaHome Point Capital, parent entity of Michigan-based wholesale lender Homepoint, bounced back from a brutal second quarter, posting a net income gain of $71 million in …