HousingWire, Mar. 31, 2021–Alex RohaThe Consumer Financial Protection Bureau announced Wednesday it is rescinding seven of its temporary policies put in place to protect consumers during the pandemic. The seven …
Category: Top National News
Biden Still Likely to Cut FHA Premiums in the Future, Analysts Say
National Mortgage News, Mar. 31, 2021–Brad Finkelstein (subscription)But private mortgage insurers should not see significant impact on business if a 25 basis point reduction were to occur sometime after 2021, …
Mortgage Rate Increase Hits Lenders as Refinancing Surge Fizzles
Bloomberg, Mar. 30, 2021–Prashant Gopal, Shahein NasiripourAfter the best year ever in 2020, U.S. mortgage lenders have hit a snag.https://www.bloomberg.com/news/articles/2021-03-30/mortgage-rate-increase-hits-lenders-as-refinancing-surge-fizzles?srnd=premium
As CDC Extends Eviction Ban, Servicers Face Range of Outcomes
National Mortgage News, Mar. 29, 2021–Bonnie Sinnock (subscription)“The key to all of this is how fast assistance gets into renters’ hands,” said Mike Flood, senior vice president of commercial/multifamily policy …
Mortgage Fraud is Likely to Increase–Here’s How You Can Be Ready For It
National Mortgage News, Mar. 29, 2021–Paul Harris (subscription)If the past is predictive, the coming shift to a purchase market, combined with higher home prices and the enticement of quick appreciation, …
Rash of Private Equity Deals Reinforces Investor Interest in Mortgages
National Mortgage News, Mar. 26, 2021–Brad Finkelstein (subscription)Five transactions in the past week provided cash infusions for tech companies that are developing products for real estate finance.https://www.nationalmortgagenews.com/list/notarize-lenderclose-polly-maxwell-score-private-equity-windfalls
Coronavirus Was Supposed to Drive Bankruptcies Higher. The Opposite Happened
Wall Street Journal, Mar. 29, 2021–Soma Biswas, Harriet Torry (subscription)Bankruptcy filings by consumers under chapter 7 were down 22% last year compared with 2019, while individual filings under chapter 13 …
Deferrals Outpace Forbearance as Foreclosure Prevention Method at GSEs
National Mortgage News, Mar. 26, 2021–Bonnie Sinnock (subscription)The development bodes well for outcomes on distressed loans backed by major government-related mortgage investors Fannie Mae and Freddie Mac.https://www.nationalmortgagenews.com/news/fannie-mae-freddie-mac-stats-highlight-deferral-forbearance-trends
U.S. Rent Has Increased 175% Faster than Household Income over Past 20 Years
Phys.org, Mar. 26, 2021–Suzanne BuzekBright lights, big city. “And lack of affordable rental housing,” says University of Cincinnati researcher Mike Eriksen in a report, “The Location of Affordable and Subsidized …
Private Mortgage Insurance Industry Boomed in 2020
HousingWire, Mar. 25, 2021–Tim GlazePrivate mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government …