National Mortgage Professional, June 18, 2021–Navi PersaudOcwen Financial Corporation’s wholly-owned subsidiary, PHH Mortgage Corporation entered into an agreement with Reverse Mortgage Solutions and its parent, Mortgage Assets Management, LLC to …
Category: Top National News
Why a Multifamily Foreclosure Tsunami is Unlikely
National Mortgage News, June 21, 2021–Brad Finkelstein (subscription)Analysts expect only a small uptick in distressed mortgages, either through default or inability to refinance, which will create some opportunity for debt …
U.S. Black Workers Still Earning Less than Whites–Report
Reuters, June 18, 2021–Lucia MutikaniBlack workers in the United States continue to earn less than their white counterparts even as American companies are raising diversity and inclusion as a cornerstone …
HUD Aims to Boost Homeownership for Buyers With High Student Loans
Wall Street Journal, June 18, 2021–Andrew Ackerman (subscription)The Federal Housing Administration is relaxing the way it assesses student-loan debt when weighing eligibility for homebuying assistance as the Biden administration pushes …
FHFA Beats Drum for Conservatorship Exit
HousingWire, June 17, 2021–Georgia KromreiThe Federal Housing Finance Agency still wants to beef up its capital reserves and end conservatorship, but don’t count on that happening anytime soon.https://www.housingwire.com/articles/fhfa-beats-drum-for-conservatorship-exit/
U.S. Home Buying and Refinancing Boom Boosted Mortgage Lending in 2020
Reuters, June 17, 2021–Jonnelle MarteMortgage lending surged last year after the pandemic fueled a housing boom driven by low interest rates and the shift to work from home, according to …
Homeowners are Doing Great. Shareholders are Doing Even Better
Washington Post, June 16, 2021–Allan SloanIf you want evidence that U.S. houses are soaring in value, take a look at some new numbers from the Federal Reserve. They show that …
Yellen Says U.S. Economy Well on the Way to Post-Covid Recovery
Bloomberg, June 16, 2021–Christopher CondonTreasury Secretary Janet Yellen said the U.S. is “well on the way” to a strong recovery from the Covid-19 pandemic, and urged lawmakers to turn to …
Expert Insight: ‘Homeownership Can Be Affordable Housing’
M Report, June 15, 2021–Christina Hughes BabbBy writing policy that prioritizes Americans’ access to homeownership, lawmakers could address both the affordable home shortage and the racial wealth gap, Urban Institute …
Commercial Mortgage Debt Outstanding Rises in 1Q as Pandemic Wanes
National Mortgage News, June 15, 2021–Brad Finkelstein (subscription)There was a 1.1% increase in commercial and multifamily mortgage debt outstanding during the first quarter, but the majority was from the housing …