Wall Street Journal, Aug. 23, 2021–Ben Eisen (subscription)The so-called private-label mortgage market—in which financial firms serve the middleman role of creating giant pools of loans and selling them to investors—had …
Category: Top National News
John Hancock Investment Management Launches Mortgage-Backed Securities ETF
Benzinga, Aug. 20, 2021–Phil HallAccording to the Boston-headquartered company, the new exchange-traded fund will invest at least 80% of its net assets in mortgage-backed securities that are either issued or …
Appeals Court Leaves Biden Eviction Ban in Effect
Politico, Aug. 20, 2021–Katy O’Donnell, Josh GertsteinA federal appeals court on Friday declined to block the Biden administration’s new eviction moratorium, setting up a showdown at the Supreme Court.https://www.politico.com/news/2021/08/20/appeals-court-leaves-biden-eviction-ban-in-effect-506464
Jumbo and FHA Growth Lagged Further Behind GSE Loans in Past Year
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 …
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 …