HousingWire, May 26, 2021–James KleimannOcwen’s subsidiary PHH Mortgage Corp. will acquire 178,000 loans sold to or securitized by Fannie Mae and Freddie Mac, boosting its overall total servicing portfolio by …
Category: Top National News
In Tight Housing Market, Thousands of Homes Are Reserved for Certain Buyers
Wall Street Journal, May 26, 2021–Nicole Friedman (subscription)Real-estate agents are selling more homes to select customers while bypassing the public market, a move that squeezes supply tighter for many buyers …
VA-Like Housing Bill Proposed for First Responders, Teachers
HousingWire, May 25, 2021–Georgia KromreiNew legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. Reps. John Rutherford (R-Fla.), Al Lawson (D-Fla.), …
‘There Is a Little Light, Finally’: New York Hoteliers on Recovery
New York Magazine, May 24, 2021–John SuricoFour New York hoteliers weigh in on how the pandemic affected their industry.https://www.curbed.com/2021/05/new-york-hoteliers-on-the-future-of-the-hotel-industry.html
Issuance of Bundles of Risky Loans Jumps to 16-Year High
Wall Street Journal, May 24, 2021–Sebastian Pellejero (subscription)The prospect of rising inflation and a shift away from the Federal Reserve’s easy money policies are making bonds tied to so-called CLOs …
Non-QM REIT Angel Oak Mortgage Files to Go Public
National Mortgage News, May 21, 2021–Brad Finkelstein (subscription)The size and pricing of the initial public offering were not listed in the filing, although a placeholder figure of $150 million was …
Biden Targets Housing Rules That Hurt Low-Income Earners. Will the Suburbs Buy In?
Los Angeles Times, May 21, 2021–Erin B. LoganThe enduring image of the American Dream is owning a tidy single-family house in the suburbs. But for many people of color and …
Most Homeowners Have Exited Mortgage Forbearance Programs–But Those Who are Left are the Most Vulnerable
CNBC, May 21, 2021–Megan LeonhardtOnly 35% of borrowers, or about 2.2 million homeowners, who signed up for forbearance remain in these programs, the New York Fed found. But those who …
Credit Demand From Americans Fell During the Pandemic–Except in One Major Way
MarketWatch, May 20, 2021–Jacob PassyThere was one type of loan that experienced a surge in demand throughout the pandemic: Mortgages. “The big outlier in these reported trends is a dramatic …
Mortgage Distress Likely to Climb After Forbearance Ends, Researchers Find
American Banker, May 19, 2021–Polo Rocha (subscription)Only 0.9% of mortgage borrowers are currently at least 90 days delinquent. That figure could rise as high as 3.8% once pandemic-related deferrals lapse …