Reuters, Feb. 16, 2021–Gertrude Chavez-DreyfusA rise in the yield of U.S. benchmark government debt has pushed it near thresholds that could fuel a wave of Treasury selling by mortgage investors, …
Category: Top National News
President Biden to Extend Mortgage Relief, Ban on Home Foreclosures through June
USA Today, Feb. 16, 2021–Joey GarrisonThe foreclosure moratorium was set to expire March 31 and instead will be in place through June 30. It’s the second time Biden has extended …
MBA: Q4 2020 Drop in Delinquency Rate Was Largest in History
MortgageOrb, Feb. 12, 2021–Michael Bates“The 92-basis-point drop in the delinquency rate in the fourth quarter was the biggest quarterly decline in the history of MBA’s survey dating back to 1979,” …
Mortgage Investors Look Back to the Future
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 …
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