National Mortgage News, Oct. 15, 2021–Bonnie Sinnock (free content)Over the last 30 days, the number of borrowers with pandemic-related payment suspensions plummeted at a rate not seen since the coronavirus …
Category: Top National News
Fed Signals Asset Purchases Could End by Mid-2022
Wall Street Journal, Oct. 13, 2021–Nick Timiraos (subscription)Federal Reserve officials last month firmed up their plans to begin reducing their bond-buying stimulus program in November and to possibly end the …
Almost 20% of U.S. Households Lost Entire Savings During Covid
Bloomberg, Oct. 13, 2021–Simone SullivanFor nearly 20% of U.S. households, the pandemic wiped out their entire financial cushion, a poll released Tuesday finds. The share of respondents who said they …
An Origination Gain for JPM in 3Q21, A Nice Increase in MSRs
Inside Mortgage Finance, Oct. 13, 2021–Paul MuoloJPMorgan Chase originated $46.1 billion of residential mortgages in the third quarter, a sequential improvement of 2.67% and a sign that some lending shops …
FHA Claws Past VA in 3Q21 Ginnie Single-Family MBS Issuance
Inside Mortgage Finance, Oct. 12, 2021–John BancroftNew issuance of Ginnie Mae single-family mortgage-backed securities slumped in the third quarter, but the FHA program saw a resurgence in its share of …
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages
National Mortgage Professional, Oct. 12, 2021–Navi PersaudThe Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group used inflated and deceptive home estimates …
Rocket, Homepoint, FOA Raise Fannie, Freddie Conforming Loan Limits
National Mortgage News, Oct. 12, 2021–Brad Finkelstein (subscription)Rocket Cos., Finance of America Mortgage and Homepoint have joined PennyMac and United Wholesale Mortgage in raising their conforming loan limit to $625,000, …
The Strongest Non-Agency MBS Reading in Quite Some Time
Inside Mortgage Finance, Oct. 11, 2021–Brandon IveySome $32.26 billion of securities backed by non-agency mortgages were issued in the third quarter, a 41.5% sequential gain and a post-2010 record, according …
CRE Debt Funds Are on Pace for a Banner Year
Wealth Management Real Estate, Oct. 11, 2021–Bendix AndersonThe race for financing multifamily properties has grown more competitive as debt funds are increasingly moving in and offering rates that now make …
Millennials Team Up to Fulfill the Dream of Homeownership
Wall Street Journal, Oct. 11, 2021–Alex Janin (subscription)Burdened by debt and facing soaring home prices, first-time home buyers are pooling their finances with partners, friends or roommates.https://www.wsj.com/articles/millennials-dream-of-homeownership-11633698676?mod=hp_lead_pos5