National Mortgage Professional, Oct. 28, 2021–Navi PersaudA new report published by Real Estate Witch reported that income is failing to keep up with the pace of rising house prices in …
Category: Top National News
OCC Sanctions Subservicer Cenlar for Poor Risk Controls
HousingWire, Oct. 27, 2021–Flavia Fulan NunesThe Office of the Comptroller of the Currency issued a consent order against Cenlar FSB, the nation’s second-largest mortgage servicer, over “unsafe or unsound practices,” …
FHFA Proposes New Disclosure Requirements for Fannie and Freddie
National Mortgage News, Oct. 27, 2021–Hannah Lang (subscription)The Federal Housing Finance Agency is proposing public disclosure requirements for Fannie Mae and Freddie Mac that would closely align with international standards …
Close To 10 Million Homeowners 65 And Older Have A Mortgage
National Mortgage Professional, Oct. 27, 2021–Navi PersaudThe LendingTree report used U.S. Census Bureau data to look at the share of homeowners who are 65 and older and still have a …
As Risks of Climate Change Rise, Investors Seek Greener Buildings
New York Times, Oct. 26, 2021–Patrick Sisson Sustainable real estate isn’t a new idea. What has changed in recent years is the perception of risk associated with climate change, prompting …
Since the Pandemic’s Start, Consumer Complaints Have Soared
Inside Mortgage Finance, Oct. 26, 2021–Andras MalatinszkyComplaints filed with the Consumer Financial Protection Bureau were nearly unchanged in the third quarter at 130,909, which marked the sixth straight quarter with …
U.S. Aid to Renters Picked Up to $2.8 Billion in September
Bloomberg, Oct. 25, 2021–Jill R ShahState and local governments picked up the pace of distributing emergency rental assistance funds in September amid a push from the Biden administration to accelerate …
New York Poised to Expand CRA to Nonbank Lenders
HousingWire, Oct. 25, 2021–Flavia Furlan NunesThe bill has received strong opposition from much of the mortgage industry, which these days is dominated by nonbanks. The main criticism is that, as …
Ginnie Servicing Performing Better, Freedom Ups Stake
Inside Mortgage Finance, Oct. 25, 2021–Brandon IveyThe Ginnie Mae servicing market didn’t grow much in the third quarter, but that didn’t stop industry leader Freedom Mortgage from gaining share over …
FHFA Announces New Flexibilities to Fannie Mae and Freddie Mac’s Low-Income Refi Programs
Mortgage Professional America, Oct 20, 2021–Candyd MendozaThe Federal Housing Finance Agency announced Fannie Mae and Freddie Mac’s low-income refinance programs will be expanded to include borrowers making at or below …