Mortgage Professional America, Apr. 16, 2021–David KitaiDespite consistent growth in the second property and investment property purchase markets, Fannie and Freddie recently announced they would be limiting their purchases of …
Category: Top National News
Mortgage, Car Loans or Credit Cards: Here’s What Bills People Paid First During the Pandemic
CNN, Apr. 15, 2021–Anna BahneyMaking mortgage payments took priority over other forms of debt payments during the past year, as the home became an essential place for Americans to work, …
Biden SEC Pick Gary Gensler Confirmed to Police Wall Street
Bloomberg, Apr. 14, 2021–Benjamin BainThe onetime Obama CFTC chief wins Senate confirmation by a 53-to-45 vote.https://www.bloomberg.com/news/articles/2021-04-14/gensler-confirmed-for-sec-setting-him-up-to-police-wall-street?srnd=premium
Title Insurers Wrote Nearly $20 Billion in Premiums in 2020
HousingWire, Apr. 13, 2021–Tim GlazeTitle insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to …
CFPB Sets Stage for More Enforcement. But What’s the Script?
National Mortgage News, Apr. 13, 2021–Kate Berry (subscription)The Consumer Financial Protection Bureau’s revocation of a Trump-era policy on abusive practices could mean higher fines and penalties for violators. But it …
Trump Gutted Obama-Era Housing Discrimination Rules. Biden’s Bringing Them Back
Washington Post, Apr. 13, 2021–Tracy JanHousing Secretary Marcia L. Fudge moved this week to reinstate fair housing regulations that had been gutted under President Donald Trump, in one of the …
Second Home Sales are Soaring, But Now There’s a Mortgage Hurdle
WTOP-FM (Washington, D.C.), Apr 13, 2021–Jeff ClabaughDemand is not expected to slow, but Fannie Mae and Freddie Mac have raised a hurdle. The two now limit the share of second …
$7.12 billion in Fannie Mae, Freddie Mac MSRs Up for Bid
National Mortgage News, Apr. 12, 2021–Bonnie Sinnock (subscription)The diverse group of loans in the servicing rights portfolio offers a potentially attractive recapture opportunity and would be a sizable transaction for …
How CFPB’s Foreclosure Delay Could Impact Non-QM Lenders, Investors
National Mortgage News, Apr. 12, 2021–Brad Finkelstein (subscription)Servicers of loans not related to the government most often capitalized missed payments and converted them into a deferred, non-amortizing balance, said Vadim …
GSEs Won’t Buy QM Loans Under GSE Patch After July 1
HousingWire, Apr. 9, 2021–Alex RohaDespite proposed rulemaking by CFPB to delay date until 2022, GSEs are bound by their Treasury agreement.https://www.housingwire.com/articles/gses-wont-buy-qm-loans-under-gse-patch-after-july-1/