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 …
Category: Top National News
The Fix Is In For Experienced Flippers
National Mortgage Professional, Sept. 24, 2021–Katie JensenThe past few years have been especially tough on fix-and-flip investors, with rapid price appreciation and slow-to-recover inventory. Although the rate of home flips …
Home Equity Lending Spike Won’t Offset Runoff
Inside Mortgage Finance, Sept. 24, 2021–John BancroftMost home-equity lenders reported strong production gains in the second quarter, but not enough to offset runoff from retained portfolios, according to a new …
More Americans are Moving into Fire-Risky Areas
Bloomberg, Sept. 24, 2021–Laura Bliss, Marie PatinoIn the first year of Covid, migration increased into places that have seen recent wildfires — even as blazes intensify.https://www.bloomberg.com/graphics/2021-moves-into-fire-zones/?srnd=premium
Time for the Mortgage Industry to Face Up to Climate Change?
Mortgage Professional America, Sept. 24, 2021–Richard TorneThe mortgage industry urgently needs to address the increasing threat of climate change caused by global warming, according to a new report by the …
China Makes Preparations for Evergrande’s Demise
Wall Street Journal, Sept. 23, 2021–Keith Zhai (subscription)Chinese authorities are asking local governments to prepare for the potential downfall of China Evergrande Group , according to officials familiar with the …
Household Net Worth in U.S. Hits Record on Surging Home Values
Bloomberg, Sept. 23, 2021–Reade PickertU.S. household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and the largest-ever increase in the …
Fannie Returns to the CRT Fold
Inside Mortgage Finance, Sept. 23, 2021–Dennis HollierNearly a year and a half after putting its credit risk transfer program into cold storage, Fannie Mae on Monday announced that it will …
Ida Storm Damage Expected to Cost Insurers at Least $31 Billion
Wall Street Journal, Sept. 22, 2021–Leslie Scism (subscription)Ida is poised to join Katrina, Sandy, Harvey and Irma on the list of the top five costliest hurricanes as measured by insured …
Repurchases Decline in 2Q21
Inside Mortgage Finance, Sept. 22, 2021–John Bancrofthe banking industry reported $474.4 million in repurchased or indemnified home loans during the second quarter. That was down 46.9% from the previous period, …