Bankrate.com, Nov. 18, 2020–James RoyalThe secondary mortgage market is a massive marketplace of banks, investors and financial institutions that trades mortgages, servicing rights and mortgage-backed securities. While many homebuyers aren’t …
Category: Top National News
Subprime Mortgages Are Less Risky Than They Used to Be. But Avoid Them If You Can
NextAdvisor, Nov. 17, 2020–Samantha RosenSubprime mortgages, now more commonly known as nonprime, have a controversial history. While they’re certainly more regulated today than they were before the financial crisis they …
Americans’ Mortgage Debt Soars to a Record $10 Trillion
CNN Business, Nov. 17, 2020–Anneken TappeLow interest rates have helped fuel a boom in the US housing market: Last quarter Americans’ mortgage debt climbed to a record high of nearly …
Forbearance Rates are Going Down, But for How Much Longer?
Mortgage Professional America, Nov. 17, 2020–David KitaiWhile a declining forbearance rate is good news for the US economy, that doesn’t mean these remaining borrowers are all in the clear. Marina …
Apartment Investors Mull Opportunities in Distressed Malls
National Real Estate Investor, Nov. 16, 2020–Bendix AndersonApartment dealmakers may find an opportunity to build new apartments around the shells of under-performing or empty regional malls. Hundreds of troubled shopping …
What the Surge in COVID Cases Means for the Housing Market This Winter
HousingWire, Nov. 16, 2020–Logan MohtashamiWith COVID infection rates exploding and hospitalization rates rising as we go into the cold winter months, the risk this poses to our recovering housing market …
Non-QM Still Gaining Strength
Mortgage Professional America, Nov. 13, 2020–Ryan SmithWith non-QM lending continuing to pick up steam after a COVID-related pause earlier in the year, originators need to know what programs are available …
David Brickman to Step Down from Freddie Mac
HousingWire, Nov. 13, 2020–James KleimannBrickman, who took over as CEO of the company in July 2019, will leave Freddie Mac on Jan. 8, Freddie Mac disclosed in a filing with …
2021 Predictions for the Secondary Market, Mortgage Servicing Rights
ational Mortgage News, Nov. 12, 2020–Bonnie Sinnock (subscription)When the secondary market shut down during the pandemic this year, lenders primarily worried about two things: whether borrowers could still pay and …
Here’s What to Do if Your Mortgage Forbearance is Ending
Bankrate.com, Nov. 13, 2020–Zach WichterMarina Walsh, vice president of industry analysis at Mortgage Bankers Association, said lenders are much more flexible with forbearance these days than they were during the …