GlobeSt.com, Sept. 17, 2021–Ted KnutsonDelinquency rates for mortgages backed by commercial and multifamily properties have improved in recent months with the recovery, the Mortgage Bankers Association says. However, Jamie Woodwell, …
Category: Top National News
Item No. 1 on CFPB’s Packed Agenda: Get a Director
American Banker, Sept. 16, 2021–Kate Berry (subscription)A packed regulatory agenda awaits Rohit Chopra — the Biden administration’s choice to lead the Consumer Financial Protection Bureau — on everything from supervising …
U.S. Mortgage Insurers: Hispanic Population Key Component Of Homeownership Growth
National Mortgage Professional, Sept. 16, 2021–Navi PersaudU.S. Mortgage Insurers outlined how the Hispanic population has been a major contributor to homeownership growth in the U.S. That’s not all, the findings …
What’s Behind the Sharp Drop in Mortgage Delinquencies?
HousingWire, Sept. 16, 2021–Mike FratantoniMBA Chief Economist says September and October are going to be very busy for servicers as many of those in forbearance reach the end of their …
Non-QM Loan Production Continues To Ramp Up
National Mortgage Professional, Sept. 15, 2021–Navi PersaudThe COVID-19 pandemic immediately impacted the Non-QM industry, with widespread uncertainty on the survival of such products. Lenders who specialized in these services found …
The Biden Era FHFA Flexes Its Muscles: Certain GSE PSPAs Suspended
Inside Mortgage Finance, Sept. 15, 2021–Dennis HollierThe PSPAs, as most GSE watchers know, define the nature of the government backstop for Fannie Mae and Freddie Mac. In January, during the …
Malls Bounce Back, but Brace for Tough Fall Season
Wall Street Journal, Sept. 14, 2021–Konrad Putzier (subscription)Nicer weather got people out of the house, while newly vaccinated Americans felt better being around strangers in enclosed spaces, analysts say.https://www.wsj.com/articles/malls-bounce-back-but-brace-for-tough-fall-season-11631620801?mod=hp_lista_pos2
Research Shows REITs Outperformed Private Equity Real Estate Funds
Wealth Management Real Estate, Sept. 14, 2021–Beth Mattson-TeigBased on IRR, listed real estate investment trusts outperformed seasoned PERE funds by an average of 165 basis points per year and outperformed …
The Federal Government Sells Flood-Prone Homes To Often Unsuspecting Buyers, NPR Finds
NPR, Sept. 13, 2021–Jingnan Huo, Rebecca Hersher, Tegan Wendland, Steve Newborn, Daniel RiveroThe homes HUD sells are disproportionately located in flood-prone places, compared with Zillow records of all homes sold …
Genworth Revives Mortgage Insurance Unit’s IPO, Targets Over $3Bln Valuation
Reuters, Sept. 13, 2021Genworth Financial Inc on Monday revived plans for an initial public offering of Enact Holdings, aiming for a valuation of more than $3 billion for its mortgage …