MSN, July 2, 2021–Liz Bruner-SmithA recent report issued by the Mortgage Bankers Association found a $44.6 billion increase in commercial/multifamily debt in the first quarter, a strong sign that multifamily …
Category: Top National News
Fannie, Freddie Keep MIs Dividend Restrictions, Haircut in Place
National Mortgage News, July 1, 2021–Brad Finkelstein (subscription)Private mortgage insurers can continue to hold less capital for forborne delinquent loans, which helps them potentially upstream payments to parent companies in …
Reverse Lender Can Foreclose on Non-Borrowing Spouse: Fla.’s Top Court
National Mortgage News, July 1, 2021–Brad Finkelstein (subscription)A divided Florida Supreme Court ruling will allow foreclosure on the non-borrowing spouse of a reverse mortgage holder who failed to redeem the …
Can a 40-Year Mortgage Save Failing Borrowers?
Orange County Register, July 1, 2021–Jeff LazersonOn the heels of the July 4 Independence Day weekend celebration, this fall we get to add a loan term extension up to 40 …
What is FHFA’s Next Move?
American Banker, July 1, 2021–Hannah Lang (subscription)Consumer advocates and mortgage industry officials are urging Sandra Thompson, the new acting director of the Federal Housing Finance Agency, to undo many policies …
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End
National Mortgage Professional, June 30, 2021–Navi PersaudThe Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing …
FHFA Lowers Bar for Distressed Borrowers Seeking Loan Modifications
National Mortgage News, June 30, 2021–Bonnie Sinnock (subscription)The Federal Housing Finance Agency on Wednesday eliminated the requirement for distressed borrowers to have a current, market-rate loan-to-value ratio of 80% or …
Inspector General Overseeing Federal Housing Agency Resigns After Watchdog Report Finds Abuse of Authority
Washington Post, June 30, 2021–Rachel SiegelLaura Wertheimer, the inspector general overseeing the Federal Housing Finance Agency, resigned Tuesday, two months after a scathing watchdog report alleged that she abused her …
40-Year Mortgage May Soon Be Option for Some Struggling Homeowners
San-Antonio Express-News, June 29, 2021–R.A. SchuetzSome homeowners in forbearance may soon have the option of extending the terms of their loans because of a recent move by Ginnie Mae, the …
After Leadership Change, What’s Next for Fannie and Freddie?
Multi-Housing News, June 29, 2021–Paul FiorillaSome possibilities include ramping up loan production, increasing access to the correspondent program for smaller lenders, and expanding the use of loans with affordable and …