World Property Journal, June 29, 2021According to a new report released by the Mortgage Bankers Association’s Research Institute for Housing America, older college-educated homeowners are two times more likely to …
Category: Top National News
A New Mortgage Rule Aims to Speed Modifications and Slow Foreclosures
New York Times, June 28, 2021–Stacy CowleyPete Mills, the senior vice president of residential policy for the Mortgage Bankers Association, said the agency’s rule was generally reasonable and incorporated changes …
Fed Officials Debate Scaling Back Mortgage-Bond Purchases at Faster Clip
Wall Street Journal, June 28, 2021–Paul Kiernan (subscription)As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of …
Fannie and Freddie Overhaul Reboot Benefits Many Mortgage Players
Wall Street Journal, June 28, 2021–Telis DemosFannie Mae and Freddie Mac may have been waylaid on their journey back to private hands. But the way things are moving, some big …
Fed Officials Debate Scaling Back Mortgage-Bond Purchases at Faster Clip
Wall Street Journal, June 28, 2021–Paul Kiernan (subscription)As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of …
Fifty Former Sears Stores Go to Market
The Real Deal (New York), June 25, 2021Andrea Olshan, chief executive officer of the real estate investment trust Seritage Growth Properties that bankrupt Sears formed five years ago, wants to …
How to Safely Jettison a Timeshare
UEXpress, June 25, 2021–Lew SichelmanThere are numerous charlatans out there who will promise to buy your timeshare or help you sell it. There is little substance to most of their …
Could the Biden Administration Bring Back the GSE Net Worth Sweep?
National Mortgage News, June 25, 2021–Brad Finkelstein (subscription)The Supreme Court decision cleared the way for further revisions to the agreements between the Federal Housing Finance Agency and the Treasury, which …
During Covid-19, Most Americans Got Richer—Especially the Rich
Wall Street Journal, June 27, 2021–Orla McCaffrey, Shane Shifflett (subscription)The coronavirus pandemic plunged Americans into recession. Instead of emerging poorer, many came out ahead. U.S. households added $13.5 trillion in …
New Forbearance Requests Remain at Extremely Low Level – MBA
Mortgage Professional America, June 23, 2021–Candyd MendozaThe total number of loans in forbearance fell 11 basis points from 4.04% of servicers’ portfolio volume the prior week, as of June 13. …