Financial Times, Oct. 11, 2021–Kate Duguid, Joe RennisonHistoric lows in interest rates prompted homeowners to pre-pay their mortgages early and refinance at new, lower interest rates, according to data from …
Category: Top National News
(GSE) Cash-Out Refis: Boom Without the Bust
Inside Mortgage Finance, Oct. 8, 2021–Dennis HollierThe volume of cash-out refinance mortgages purchased by Fannie Mae and Freddie Mac this year has already surpassed 2020’s record-breaking total by $22.67 billion.https://www.insidemortgagefinance.com/articles/222669-gse-cash-out-refis-boom-without-the-bust
Credit Scores Rose for Consumers Who Dealt with COVID Hardships
National Mortgage News, Oct. 8, 2021–Bonnie Sinnock (subscription)In a study of VantageScore 4.0 changes for consumer credit lines other than student loans, TransUnion found that 58% of those with an …
Affordable Housing Advocate Moves Closer to Top Job at Ginnie Mae
National Mortgage News, Oct. 7, 2021–Hannah Lang (subscription)Lawmakers appeared supportive of Alanna McCargo’s nomination at a Senate hearing Thursday. If confirmed, the former Urban Institute vice president would fill a …
Here’s Where the FHFA is Headed Under Sandra Thompson
HousingWire, Oct. 7, 2021–Georgia Kromrei(subscription article) (MBA mention)https://www.housingwire.com/articles/heres-where-the-fhfa-is-headed-under-sandra-thompson/
Report Shows San Diego Surpassed LA In Unaffordability
National Mortgage Professional, Oct. 7, 2021–Navi PersaudAccording to a new report, as of Sept. 2021 it is more difficult to afford a home in San Diego for a family making …
The Tea Leaves: MBS Issuance Continues Its Downward Slope
Inside Mortgage Finance, Oct. 7, 2021–John BancroftMortgage lenders delivered a total of $808.40 billion of single-family home loans into the agency secondary market during the third quarter, according to a …
FHFA Shuts the Door on Fannie/Freddie JV Issuing Non-GSE Securities
Inside Mortgage Finance, Oct. 6, 2021–Dennis HollierIn a surprise announcement Tuesday afternoon, the Federal Housing Finance Agency declared that Common Securitization Solutions will not expand beyond its current role of …
Even with Low Interest Rates, Mortgage Payments are Increasingly Unaffordable
CNBC, Oct. 5, 2021–Alicia AdamczykEven in the current low interest rate environment, mortgage payments are becoming increasingly unaffordable for the median American family, according to a report from the Federal …
Industry Prays for Clarity But Expects No Mercy from Chopra
HousingWire, Oct. 4, 2011–Georgia Kromrei“Today’s mortgage market is the safest it has been in decades,” said Bob Broeksmit, president of the Mortgage Bankers Association.https://www.housingwire.com/articles/industry-prays-for-clarity-but-expects-no-mercy-from-chopra/