Forbes, Dec. 1, 2020–Natalie CampisiAlthough the 0.5% fee, known as the “adverse market refinance fee,” will be added to any new refinanced mortgages completed beginning [Dec. 1], some borrowers who …
Category: Top National News
CFPB Gives Go-Ahead to Firms Seeking Advisory Opinions
National Mortgage News, Nov. 30, 2020–Neil Haggerty (subscription)The agency finalized a policy allowing companies to submit formal requests for clarification on a regulatory issue. The bureau said it will publish …
Why VA Loans May be the Best Pathway to Homeownership for Veterans
Washington Post, Dec. 1, 2020–Michele LernerDespite about 8 in 10 VA buyers purchase with $0 down, VA loans have had the lowest foreclosure rate on the market for most of …
CMBS 2020 Volume Clocks In At an Eight-Year Low of $53B
GlobeSt.com, Nov. 30, 2020–Les ShaverCommercial and multifamily mortgage loan originations, including CMBS, commercial banks, life insurance companies and the GSEs, were 47% lower as of Q3 2020 compared to a …
Congress Needs to Provide Eviction and Mortgage Relief Now Before the Coming Crisis
Washington Post, Nov. 30, 2020–Jim Parrott, Mark ZandiThe authors said lawmakers should not simply delay the moment of reckoning for families struggling to cover their housing costs, but help them …
FHFA Extends Endorsements of Mortgages in Forbearance through Year-End
National Mortgage News, Nov. 30, 2020–Bonnie Sinnock (subscription)The extension of the FHA’s willingness to conditionally endorse loans with suspended payments came amid a renewed push by public and private entities …
Verus Mortgage Capital Doubles Down On Confidence In Non-QM Market
National Mortgage Professional, Nov. 30, 2020–Navi PersaudIn early August, Verus Mortgage Capital decided to re-enter the non-QM lending space. Since then, the company has introduced a number of new products …
Congress Needs to Provide Eviction and Mortgage Relief Now Before the Coming Crisis
Washington Post, Nov. 30, 2020–Jim Parrott, Mark ZandiThe authors said lawmakers should not simply delay the moment of reckoning for families struggling to cover their housing costs, but help them …
Why Fannie Mae’s New Executive VP is Looking Long-Term
Mortgage Professional America, Nov. 25, 2020–David KitaiMichele Evans has spent her whole career in multifamily and has, in the past few months, reached a near pinnacle of that side of …
How Climate Change Could Spark the Next Home Mortgage Disaster
Politico, Nov. 30, 2020–Zack ColmanTaxpayers are backing more than a trillion dollars in home mortgages, but the agencies buying them are neglecting to consider climate risks.https://www.politico.com/news/2020/11/30/climate-change-mortgage-housing-environment-433721