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/
Category: Top National News
CMBS Market, Loan Origination Trends & Multifamily Lending
CREative Talks podcast, Feb. 9, 2021–Minjia YanCREative Talks podcast interviewed MBA Vice President Andrew Foster about the CMBS market, loan origination trends and multifamily lending. The episode is available on …
MBA: Loans in Forbearance Fall to 5.35%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 3 basis points to 5.35% of servicers’ portfolio volume as of Jan. 31 compared to 5.38% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
Mortgage Insurers Log Fewer Delinquencies But Pace Slows at Legacies
National Mortgage News, Feb. 8, 2021–Brad Finkelstein (subscription)While all four standalone private mortgage insurers reported month-to-month reductions in their delinquent loan inventory, the pace of improvement at the two legacy …
CFPB Accuses Servicers of Misleading Borrowers About Forbearance
Mortgage Professional America, Feb. 8, 2021–Candyd MendozaSeveral mortgage servicers gave consumers incomplete and inaccurate information about CARES Act forbearances, according to a new Consumer Financial Protection Bureau report.https://www.mpamag.com/news/cfpb-accuses-servicers-of-misleading-borrowers-about-forbearance-245879.aspx
1.2 Million Mortgagers Fear Losing Their Homes
DS News, Feb. 8, 2021–Christina Hughes BabbMortgage Bankers Association’s Research Institute for Housing America Q4 2020 analysis showed, in particular, that 5 million households did not make their rent or …
CFPB Considers Halting Implementation of QM, Debt Collection Rules
American Banker, Feb. 5, 2021–Kate Berry (subscription)Acting Director Dave Uejio wrote in a blog post that the Consumer Financial Protection Bureau needs more time to consider rules that were finalized …
Deephaven Mortgage Stages Non-QM MBS Comeback
Mortgage Professional America, Feb. 5, 2021–Candyd MendozaPrivately held Deephaven Mortgage is making a comeback in the non-QM MBS (mortgage-backed securities) market, as pandemic-driven purchase activity continues to buoy non-QM issuance …
CFPB Considers Halting Implementation of QM, Debt Collection Rules
American Banker, Feb. 5, 2021–Kate Berry (subscription)Acting Director Dave Uejio wrote in a blog post that the Consumer Financial Protection Bureau needs more time to consider rules that were finalized …
MBS Investors Look for Signs Homeowner Refinancings Have Peaked
Bloomberg, Feb. 5, 2021–Christopher MaloneyMortgage-bond investors are looking for signs that the wave of American homeowners refinancing their loans may have crested. (MBA mention)https://www.bloomberg.com/news/articles/2021-02-05/mbs-investors-look-for-signs-homeowner-refinancings-have-peaked