MortgageOrb, May 17, 2021–Michael BatesBlack Knight Inc. acquired eMBS Inc., a provider of performance data and analytics on agency-backed securities.https://mortgageorb.com/black-knight-buys-mortgage-backed-securities-data-specialist-embs
Category: Top National News
Fannie Mae Chief Financial Officer to Resign
Mortgage Professional America, May 17, 2021–Candyd MendozaFannie Mae chief financial officer Celeste Mellet Brown intends to leave her position, according to a recent filing with the Securities and Exchange Commission.https://www.mpamag.com/news/fannie-mae-chief-financial-officer-to-resign-255205.aspx
Plunging Mortgage Delinquency Rate Shows Forbearance Is Doing Its Job
Motley Fool, May 16, 2021–Maurie BackmanMany Americans lost their jobs or saw their income decline in the course of the pandemic. And for homeowners, mortgage forbearance was a lifeline. (MBA …
House Bill Aims to Protect Consumers from Debt Collector Harassment
American Banker, May 13, 2021–Neil Haggerty (subscription)The legislation, which the chamber passed Thursday, would ban collectors from making threatening statements to service members and prevent credit bureaus from including debt …
Genworth Postpones IPO Of Enact
National Mortgage Professional, May 13, 2021–Navi PersaudGenworth Financial, Inc. is postponing the previously announced initial public offering of its subsidiary Enact Holdings, Inc. The company is citing volatility in the …
Fannie and Freddie Face Price Competition from Mortgage Investors
Orange County Register, May 13, 2021–Jeff LazersonFor decades, secondary mortgage market pricing experts have told me they could never figure out how to find pricing more competitive than Fannie Mae …
Senators Urge CFPB to ‘Reconsider’ QM Delay
HousingWire, May 12, 2021–Georgia KromreiCompliance attorneys and mortgage industry lobbyists aren’t the only ones wishing the Consumer Financial Protection Bureau would proceed with the General Qualified Mortgage Final Rule as …
Wholesale Lenders Relaunch Prime Jumbo–And Not Just Non-QM
National Mortgage News, May 10, 2021–Brad Finkelstein (subscription)While the product was hard to find after the start of the pandemic, the Consumer Financial Protection Bureau’s recent changes to Appendix Q …
One-Third of People Who Delayed Mortgage Payments During COVID Used Cash for Groceries, Utilities
USA Today, May 10, 2021–Swapna Venugopal RamaswamyWhile in forbearance, 34% used the cash that would have gone toward their mortgage for essentials like groceries, medical needs, utilities and additional expenses …
North Suburban Man’s COVID Mortgage Forbearance Nightmare
Chicago Sun-Times, May 7, 2021–Stephanie ZimmermanThe plans are being extended for many borrowers in hopes the economy improves. But Gregg Pupecki got a big shock when his loan servicer demanded …