MortgageOrb, Oct. 4, 2021–Ariana FineOcwen Financial Corp.’s wholly-owned subsidiary, PHH Mortgage Corp., completed the previously announced transaction with Reverse Mortgage Solutions Inc. and its parent, Mortgage Assets Management LLC.https://mortgageorb.com/ocwen-financial-reverse-mortgage-solutions-close-on-servicing-platform-sale
Category: Top National News
Thompson Planning to Look at How the GSEs Price Loans, While…
Inside Mortgage Finance, Oct. 4, 2021–Dennis HollierIs the credit box at Fannie Mae and Freddie Mac too small? Sandra Thompson, acting director of the Federal Housing Finance Agency, doesn’t think …
Flood Insurance Costs Set to Rise as FEMA’s New Rates Kick In
Bloomberg, Oct. 1, 2021–Leslie Kaufman, Polly MosendzThe federal government Friday rolls out a flood-insurance program revamped to reflect worsening climate change, a program that will raise rates for millions of …
Regulation, Forbearance Puts Mortgage Servicers in a Bind
HousingWire, Sept. 29, 2021–Chris ClowThe COVID-19 pandemic has caused historic, unprecedented challenges for mortgage servicers. Forbearance deadlines get pushed back seemingly in perpetuity, and an unproven, inconsistent technology infrastructure has …
Fannie, Freddie Flip Makes Rental Acquisitions Enticing Again
Orange County Register, Sept. 30, 2021–Jeff LazersonYou now can take another bite of the apple if you missed out before. Whether buying is on your brain, knocking the interest rate …
Poor Market Conditions Make Real Estate Investors Turn Sour
National Mortgage Professional, Sept. 29, 2021–Katie JensenAccording to the Realtytrac Investment Sentiment Survey of over 300 individual real estate investors, 48% of respondents believe that the investment market is worse …
FHFA Extends COVID-Related Multifamily Mortgage Forbearance: Here’s How You Can Qualify
Fox Business, Sept. 29, 2021–Kelsey RamirezThe Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would continue to offer COVID-19-related forbearance. The program, which was set to …
HECMs Continue to Gain
Inside Mortgage Finance, Sept. 29, 2021–Monica HoganResidential lenders originated $5.60 billion of FHA-backed reverse mortgages in the second quarter, a sequential improvement of 5.3% and one of the sector’s best …
Commercial and Multifamily Mortgage Debt Increases in Q2 2021
MortgageOrb, Sept. 29, 2021–Ariana FineCommercial/multifamily mortgage debt outstanding has increased by $60.7 billion (1.5%) in the second quarter of 2021, according to the Mortgage Bankers Association‘s latest Commercial/Multifamily Mortgage Debt …
More COVID Tools: FHA Seeks Feedback on 40-Year Loan Modification
Inside Mortgage Finance, Sept. 28, 2021–Monica Hogan FHA on Monday afternoon said it is taking public comments on a proposal to add a 40-year loan modification option combined with a …