HousingWire, Sept. 16, 2021–Mike FratantoniMBA Chief Economist says September and October are going to be very busy for servicers as many of those in forbearance reach the end of their …
Category: Top National News
Non-QM Loan Production Continues To Ramp Up
National Mortgage Professional, Sept. 15, 2021–Navi PersaudThe COVID-19 pandemic immediately impacted the Non-QM industry, with widespread uncertainty on the survival of such products. Lenders who specialized in these services found …
The Biden Era FHFA Flexes Its Muscles: Certain GSE PSPAs Suspended
Inside Mortgage Finance, Sept. 15, 2021–Dennis HollierThe PSPAs, as most GSE watchers know, define the nature of the government backstop for Fannie Mae and Freddie Mac. In January, during the …
Malls Bounce Back, but Brace for Tough Fall Season
Wall Street Journal, Sept. 14, 2021–Konrad Putzier (subscription)Nicer weather got people out of the house, while newly vaccinated Americans felt better being around strangers in enclosed spaces, analysts say.https://www.wsj.com/articles/malls-bounce-back-but-brace-for-tough-fall-season-11631620801?mod=hp_lista_pos2
Research Shows REITs Outperformed Private Equity Real Estate Funds
Wealth Management Real Estate, Sept. 14, 2021–Beth Mattson-TeigBased on IRR, listed real estate investment trusts outperformed seasoned PERE funds by an average of 165 basis points per year and outperformed …
The Federal Government Sells Flood-Prone Homes To Often Unsuspecting Buyers, NPR Finds
NPR, Sept. 13, 2021–Jingnan Huo, Rebecca Hersher, Tegan Wendland, Steve Newborn, Daniel RiveroThe homes HUD sells are disproportionately located in flood-prone places, compared with Zillow records of all homes sold …
Genworth Revives Mortgage Insurance Unit’s IPO, Targets Over $3Bln Valuation
Reuters, Sept. 13, 2021Genworth Financial Inc on Monday revived plans for an initial public offering of Enact Holdings, aiming for a valuation of more than $3 billion for its mortgage …
President Biden to Tap Mike Calhoun for FHFA Director
Inside Mortgage Finance, Sept. 13, 2021–Dennis HollierPresident Biden plans to name housing activist Mike Calhoun to be the next permanent director of the Federal Housing Finance Agency, according to multiple …
Ginnie Mae Extends Leeway on Mortgage Delinquency Measure
National Mortgage News, Sept. 13, 2021–Bonnie Sinnock (subscription)Ginnie Mae extended relief aimed at addressing the impact of forbearance on mortgage companies’ ability to meet typical delinquency thresholds for the third …
Libor Transition Stokes Sales of Risky Corporate Debt
Wall Street Journal, Sept. 12, 2021–Sebastian Pellejero (subscription)Managers of collateralized loan obligations are rushing to close deals ahead of the transition away from the London interbank offered rate.https://www.wsj.com/articles/libor-transition-stokes-sales-of-risky-corporate-debt-11631451601?mod=lead_feature_below_a_pos1