HousingWire, Feb. 4, 2021–Kelsey RamirezThe nation’s most influential housing trade groups sent a letter to the House Committee on Financial Services saying any new stimulus package considered would need to …
Category: Top National News
IMF: CFPB Mortgage Servicer Complaints Drop in Q4
HousingWire, Feb. 3, 2021–Kelsey RamírezMortgage servicers received less complaints at the Consumer Financial Protection Bureau in the fourth quarter of 2020, according to data from Inside Mortgage Finance. (MBA mention)https://www.housingwire.com/articles/imf-cfpb-mortgage-servicer-complaints-drop-in-q4/
Share of Impaired Non-QM Loans Fell to Pandemic Low in December
National Mortgage News, Feb. 3, 2021–Brad Finkelstein (subscription)The performance of non-qualified mortgages improved in December, as the share of impaired loans declined despite a resurgence in COVID-19 cases, a dv01 …
BofA Triples Affordable Homeownership Commitment To $15B
National Mortgage Professional, Feb. 3, 2021–Navi PersaudBank of America is tripling its affordable homeownership commitment to $15 billion through 2025, with hopes to help more than 60,000 individuals and families …
HECM Endorsements Jump Considerably In January 2021
National Mortgage Professional, Feb. 2, 2021–Navi PersaudHome Equity Conversion Mortgage endorsements started the new year with a 10.8% increase to 4,539 loans, according to a report from Reverse Market Insight.https://nationalmortgageprofessional.com/news/76339/hecm-endorsements-jump-considerably-january-2021
Servicer Raises $50 Million, Takes Aim at Black Knight
Mortgage Professional America, Feb. 2, 2021–David KitaiTech-driven servicing firm Valon has closed $50 million in series A funding, while also obtaining approval from Fannie Mae to service its government sponsored …
Mortgage Bond Returns Defied Multiple Headwinds in Stellar Month
Bloomberg, Feb. 2, 2021Mortgage investors enjoyed a robust start to the year as January’s excess return came in at a level well above the trailing average for the month, thanks …
White Homeownership Rate Hits Nine-Year High
HousingWire, Feb. 2, 2021–Tim GlazeDespite an unrelenting COVID-19 virus and economic recession, U.S. homeownership rose in the fourth quarter from the same period last year. And it’s reached a record …
Some Mortgage Companies Misled Borrowers About Forbearance, Regulators Say
Bankrate.com, Feb. 2, 2021–Jeff OstrowskiSome mortgage firms gave homeowners “incomplete or inaccurate information” about a federal law designed to prevent a spike in foreclosures, a federal regulatory agency says in …
33 State Attorneys General Challenge PHH Mortgage’s Servicing Fees
National Mortgage News, Feb. 1, 2021–Paul Centopani (subscription)A bipartisan group, led by New York’s Letitia James and Minnesota’s Keith Ellison, filed a motion against PHH Mortgage and its predecessor corporation …