National Mortgage News, Aug. 20, 2021–Bonnie Sinnock (subscription)The gap between the growth rate of government-sponsored enterprise mortgages and other loan types widened in the past year, TransUnion’s latest quarterly report …
Category: Top National News
Mortgage Delinquencies Decrease in Q2 2021
MortgageOrg, Aug. 20, 2021–Ariana FineThe delinquency rate for mortgage loans on one-to-four-unit residential properties has decreased to a seasonally adjusted rate of 5.47% of all loans outstanding at the end …
Here’s What Will Happen When The Mortgage Forbearance Lifts
Forbes, Aug. 20, 2021–Natalie Campisi“The largest decrease in a month in the share of loans in forbearance came from a jump in forbearance exits, as many homeowners are nearing the …
Freddie Mac Combines Mortgage and Renovation Financing
Orange County Register, Aug. 19, 2021–Jeff LazersonStarting Nov. 1, you can use this mortgage to facilitate your home purchase (or refinance) and get an additional 10% of the property’s value …
Single-Family Rental Mortgage Default Risk Declines in 1H21
National Mortgage News, Aug. 18, 2021–Brad Finkelstein (subscription)Mortgage default risk for single-family rental properties decreased 16% in the first half of 2021 when compared to the previous six months, according …
Real Estate Industry Works to Change Its Ways
New York Times, Aug. 17, 2021–Debra KaminReckoning with its historical role in promoting racism in homeownership, real estate professionals are rewriting rules and working to help increase Black homeownership.https://www.nytimes.com/2021/08/17/realestate/real-estate-industry-racial-reckoning.htmlBACK TO …
How the Homeowner Assistance Fund May Affect Foreclosures
National Mortgage News, Aug. 16, 2021–Bonnie Sinnock (subscription)The Treasury’s Homeowner Assistance Fund could go a long way toward reducing foreclosures as they slowly restart — depending on when it arrives …
Fed Officials Weigh Ending Asset Purchases by Mid-2022
Wall Street Journal, Aug. 16, 2021–Nick Timiraos (subscription)Federal Reserve officials are nearing agreement to begin scaling back their easy money policies in about three months if the economic recovery continues, …
Fannie Mae’s Rental Payment Change Worries Some
HousingWire, Aug. 13, 2021–Georgia KromreiThe mortgage industry had mixed feelings about the Federal Housing Finance Agency’s move to count positive rental history in Fannie Mae’s underwriting process. The Mortgage Bankers …
Impac, Angel Oak Focus on Non-QM with Mixed Results
National Mortgage News, Aug. 13, 2021–Bonnie Sinnock (subscription)Non-qualified mortgage specialist Angel Oak Mortgage, which went public in June, recorded quarter-to-date net income of $2.2 million and acquired $395.5 million in …