National Mortgage News, Dec. 15, 2020–Bonnie Sinnock (subscription)Last year, smaller lenders were put at a slight disadvantage in terms of what they were charged in guarantee fees when they sold …
Category: Top National News
Fannie, Freddie Privatization Decisions Likely to Be Left to Biden Administration
Wall Street Journal, Dec. 15, 2020–Andrew Ackerman (subscription)Joe Biden’s election victory has likely ended the Trump administration’s efforts to return Fannie Mae and Freddie Mac to private hands. Treasury Secretary …
More U.S. Homeowners Seek to Delay Mortgage Payments
Bloomberg, Dec. 14, 2020–Christopher MaloneyA growing percentage of U.S. homeowners are looking to delay making mortgage payments, the latest sign that the economic recovery is hitting a snag. In the …
Commercial Mortgage Delinquencies are Rising
GlobeSt.com, Dec. 14, 2020–Les ShaverIn November, 5.7% of commercial mortgages were delinquent, increasing from 5.4% in October, according to the Mortgage Bankers Association. The delinquencies can be traced back to …
Three Ways to Help 3.2 Million Struggling Homeowners
Urban Institute, Dec. 11, 2020–Jung Hyun Choi, Daniel PangLeading housing experts identify three priorities for policymakers, mortgage servicers and financial institutions to help struggling homeowners.https://www.urban.org/urban-wire/three-ways-help-32-million-struggling-homeowners
CMBS 3Q Delinquency Rates Decline from Record-High Level
National Mortgage News, Dec. 11, 2020–Brad Finkelstein (subscription)But late payments for all other investor types rose compared with the second quarter.m record-high level. Commercial mortgage-backed securities lenders were the only …
U.S. Renters Could Owe $70 Billion
Bloomberg, Dec. 10, 2020–Kriston CappsBetween past due rent, late fees and unpaid utility bills, Americans may collectively owe $70 billion by January, when the current federal eviction moratorium is set …
Protesters Erect Barricades in Portland to Save a Black Family’s House
New York Times, Dec. 10. 2020–Kirk JohnsonThe family lost its home of 60 years to foreclosure after taking out mortgages to pay legal fees. Some advocates say gentrification and skyrocketing …
Biden Win Gives Maxine Waters a Power Boost
American Banker, Dec. 10, 2020–Neil Haggerty (subscription)The head of the House Financial Services Committee is already exerting influence by handing the president-elect a laundry list of Trump regulatory policies that …
U.S. Household Net Worth Hits Record in Third Quarter
Wall Street Journal, Dec. 10, 2020–Paul Kiernan (subscription)The net worth of U.S. households rose to a record in the third quarter as the value of stock portfolios and real estate …