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 …
Category: Top National News
Ginnie Mae Extends Comment Period on Nonbank Capital Plan
National Mortgage News, Aug. 13, 2021–Kate Berry (subscription)Financial institutions will have until early October to weigh in about new risk-based capital requirements for nonbanks.https://www.nationalmortgagenews.com/news/ginnie-mae-extends-comment-period-on-nonbank-capital-plan
Eviction Moratorium Left in Place by Judge Despite Legal Doubts
Wall Street Journal, Aug. 13, 2021–Brent Kendall (subscription)A federal judge on Friday allowed the Biden administration’s new eviction moratorium to remain in place, saying she didn’t have authority to block …
Foreclosures, Evictions Not Instantaneous
UEXpress, Aug. 13, 2021–Lew SichelmanNot to downplay the pending foreclosures and evictions faced by millions of families, but the current national furor is a bit overblown.https://www.uexpress.com/home/housing-scene/2021/08/13
CFPB Keeps Pressure on Mortgage Companies to Assist Struggling Homeowners
Washington Post, Aug. 12, 2021–Michelle SingletaryThe report from the CFPB is significant because the agency is making it clear that it intends to prioritize monitoring mortgage servicers and how they …
Is Leadership Void at Ginnie Mae Stymieing Mortgage Policy?
National Mortgage News, Aug. 12, 2021–Hannah Lang (subscription)The guarantor of mortgage-backed securities has been without a Senate-confirmed president for four and a half years. The vacancy makes it difficult for …
The Eventual End of the Eviction Moratorium Will Hurt Renters–And Not in the Way You Expect
MarketWatch, Aug. 12, 2021–Jacob PassyThe new eviction moratorium is set to expire Oct. 3, but the actual end date could come sooner. Whenever that day comes, the end of the …
CFPB Issues Interpretive Rule on Juneteenth and Mortgage Disclosure Requirements
JDSupra, Aug. 10, 2021This year, “Juneteenth National Independence Day” on June 19 was designated a federal holiday. Because the legislation took effect immediately, it raised compliance questions for residential mortgage …
Mortgage Forbearance is About to End for Millions of Americans. Here’s Why That’s Good New for Home Buyers
MarketWatch, Aug. 10, 2021–Jacob PassyToday, an estimated 1.7 million homeowners are in forbearance plans, according to recent data from the Mortgage Bankers Association.https://www.marketwatch.com/story/mortgage-forbearance-is-about-to-end-for-millions-of-americans-heres-why-thats-good-news-for-home-buyers-11628609524?reflink=MW_GoogleNews
More Households Paid Their Rent and Mortgage in Q2 2021
HousingWire, Aug. 5, 2021–Tim GlazeFewer than five million households failed to make their rent or mortgage payments in the second quarter of 2021 despite the effects of the COVID-19 pandemic …