HousingWire, July 13, 2021–Tim GlazeServicers’ forbearance portfolio volume dropped yet again, this time falling 11 basis points to 3.76% in the period ending July 4, according to a survey from …
Category: Top National News
REITs Pass Midyear Point Up More than 20%
Wealth Management Real Estate, July 12, 2021–David BodamerThe FTSE Nareit All Equity REITs Index was up 21.35 percent through the end of June, outperforming major indices including the S&P 500, …
Preparing for What’s Next as the COVID Mortgage Boom Wanes
National Mortage News, July 9, 2021–Christopher Whalen (subscription)A year now since the peak of secondary spreads for residential mortgages near four percent in summer 2020, there is evidence that the …
Biden Regulators Expected to Advance Biden Agenda Despite ‘Acting’ Tag
American Banker, July 9, 2021–Neil Haggerty (subscription)Without permanent heads in place, long-term policy goals such as reforming the Community Reinvestment Act and charting a future for Fannie and Freddie could …
Zero-Down Mortgages are Back a Decade After Mortgage Meltdown
Orange County Register, July 8, 2021–Jeff LazersonNo down-payment loans are available for up to $1.25 million so long as the primary wage earner has at least a 700 middle FICO …
Baby Boomers: Rich With Real Estate and Not Letting Go
New York Times, July 8, 2021–Michael KolomatskyThe concept of aging in place, already growing in popularity before the pandemic, has found renewed interest among baby boomers, some of whom are …
CRA Nonsense
The Daily Dish (American Action Forum), July 8, 2021–Douglas Holtz-EakinThe author says expanding the Community Reinvestment Act to include mortgage banks is a terrible idea, citing numerous reasons–including that CRA …
Lenders Work With Apartment Owners As Moratoriums Stretch On
GlobeSt.com., July 07, 2021–Les ShaverThe state and federal eviction moratoriums kept untold millions of people off the streets as the US economy struggled during the pandemic-led downturn. Many landlords were …
These Are the Cities With the Biggest Share of Homeowners in Danger of Foreclosure
MarketWatch, July 6, 2021–Jacob PassyOne group of homeowners continues to be behind on their mortgage payments. If that trend should continue, it could threaten the strength of certain real estate …
Mr. Cooper Sells Reverse Servicing to Mortgage Assets Management
National Mortgage News, July 6, 2021–Bonnie Sinnock (subscription)The divestiture of the Champion Mortgage-branded business to Mortgage Assets Management reduces the unpaid principal balance of Mr. Cooper’s servicing portfolio by $16 …