Reuters, June 10, 2021–Ann SaphirU.S. household wealth jumped to a record $136.9 trillion at the end of March, a report from the Federal Reserve showed on Thursday, suggesting plenty of …
Category: Top National News
Housing Boom Fuels Bets that Fed Will Taper Mortgage Bonds
Bloomberg, June 10, 2021–Liz Capo McCormick, Christopher MaloneyWhen the Federal Reserve starts scaling back its massive bond-buying spree, mortgage traders are betting their market will be at the forefront.https://www.bloomberg.com/news/articles/2021-06-10/housing-boom-fuels-bets-that-fed-will-taper-mortgage-bonds-first
Fannie Mae Gives Go-Ahead for Digital Verification
HousingWire, June 10, 2021–Georgia KromrieFannie Mae has given mortgage servicers the green light to use third-party digital vendors to verify income and asset information. Unsurprisingly, mortgage tech firms are thrilled. …
Why the GSEs May be Pacing Multifamily Buying as the Economy Reopens
National Mortgage News, June 8, 2021–Bonnie Sinnock (subscription)The government-sponsored enterprises have been returning to normal underwriting and are buying more loans than last year, but annual limits they have in …
Mortgage Servicing Issue in Biden Tax Plan Will Likely Be Avoided: KBW
National Mortgage News, June 7, 2021–Bonnie Sinnock (subscription)The proposal, which imposes a 15% alternative minimum tax on corporations with more than $2 billion in net income, could threaten a deferral …
Federal Student-Loan Loss Forecast Rises by $53 Billion
Wall Street Journal, June 7, 2021–Josh Mitchell (subscription)The Biden administration has raised an estimate of losses on the federal government’s student loan portfolio by $53 billion, reflecting lower repayment rates …
Could Re-Opening Cities Hurt Suburban Housing Markets?
Mortgage Professional America, June 4, 2021–David KitaiThe return of urban markets that do carry some inventory might help relieve pressure on suburban markets, but JArrett Coleman believes that realignment will …
Regulators Back Reduced Cap Levels
Commercial Mortgage Alert, June 4, 2021–Steve Chambers“This has been years in the making, and in the end, they decided it was an important project to get done for yearend reporting …
Two Senior CFPB Enforcement Officials to Leave the Agency
National Mortgage News, June 3, 2021–Kate Berry (subscription)The departures of Bryan Schneider and Peggy Twohig come as the Biden administration’s nominee to run the consumer bureau awaits Senate confirmation.https://www.nationalmortgagenews.com/news/two-senior-cfpb-enforcement-officials-to-leave-the-agency
Late Commercial Mortgages at Lowest Level Since Pandemic Began
National Mortgage News, June 3, 2021–Brad Finkelstein (subscription)Commercial mortgage delinquency rates continue to improve. Aside from a small uptick in multifamily properties, they fell in May to their lowest level …