Bloomberg, May 18, 2021–Kate KraderNew data from the National Restaurant Association, a Washington-based industry group, found that 90,000 restaurants across the U.S. have closed permanently or long-term. That’s less than …
Category: Top National News
Senators Still Can’t Find Common Ground on Flood Insurance Reform
National Mortgage News, May 18, 2021-Hannah Lang (subscription)Mortgage lenders have much riding on a yearslong effort to overhaul a program that requires homeowners to hold policies in flood-prone areas. A …
Up to $20 Billion in Investor Home Loans Heading for Private Market
National Mortgage News, May 17, 2021–Bonnie Sinnock (subscription)With little transitional disruption, the bigger players on the non-agency side could gain a hefty share of non-owner-occupied mortgage volume as a result …
Black Knight Buys Mortgage-Backed Securities Data Specialist eMBS
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
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 …