Wall Street Journal, Feb. 15 2021–Telis Demos (subscription)A big year for mortgage originators culminated in the Super Bowl, which featured ads for recently public Rocket Cos. and FindAMortgageBroker.com, part of …
Category: Top National News
Why Data Aggregators Want to Be Regulated by CFPB
American Banker, Feb. 12, 2021–Kate Berry (subscription)As the bureau writes data-sharing rules, the third-party firms that work with fintechs say oversight by the agency would be more efficient — and …
Fed Details Stress-Test Scenarios for 2021
American Banker, Feb. 12, 2021–Hannah Lang (subscription)Nineteen of the nation’s largest banks must show how they’d withstand pressures in the commercial real estate and corporate debt markets that would accompany …
Fannie Mae’s 2020 Earnings Fall Due to COVID-Related Credit Expenses
National Mortgage News, Feb. 12, 2021–Paul Centopani (subscription)The government-sponsored enterprise reported a fourth quarter net income of $4.6 billion, up from $4.2 billion in the third quarter and $4.4 billion …
Decreased Delinquencies Tell ‘Part of the Story,’ Researchers Report
DS News, Feb. 12, 2021–Christina Hughes BabbA survey published by the Mortgage Bankers Association (MBA) showed that among mortgage loans on one-to-four-unit residential properties, delinquencies decreased to a seasonally adjusted …
Fannie, Freddie Extend COVID-19 Forbearance Up to 15 Months
Orange County Register, Feb. 11, 2021–Jeff LazersonFederal Housing Finance Agency Director Mark Calabria, regulator and conservator for Fannie Mae and Freddie Mac, has offered a timely and desperately needed lifeline …
Freddie Mac’s 2020 Earnings Rose as it Delivered ‘Record Liquidity’
National Mortgage News, Feb. 11, 2021–Brad Finkelstein (subscription)The company purchased $1.1 trillion of single-family mortgages and $83 billion of multifamily loans during 2020.https://www.nationalmortgagenews.com/news/freddie-macs-2020-earnings-rose-as-it-delivered-record-liquidity
The Predicted Foreclosure Surge Likely Won’t Happen, Even among Financially Vulnerable Borrowers
Urban Institute, Feb. 11, 2021–Michael Neal, Laurie GoodmanAfter mortgage forbearance rates peaked at 8.55 percent in June 2020, they began to decline as the unemployment rate fell. Since October, however, …
HUD Withdraws Appeal in Fair Housing Case
HousingWire, Feb. 10, 2021–Alex RohaThe Department of Justice on Tuesday withdrew HUD’s appeal of the case postponing the agency’s 2020 Disparate Impact Rule that would have made it harder to …
Mega Capital Funding Returns to Non-QM Lending Space
HousingWire, Feb. 9, 2021–Kelsey RamirezMega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with launch of several new product lines.https://www.housingwire.com/articles/mega-capital-funding-returns-to-non-qm-lending-space/