Bloomberg, Apr. 24, 2020–Alastair Marsh, Luca CasiraghiGoldman Sachs Group Inc. bought up mortgage bonds during a wave of panic selling last month, a bet that’s almost certainly made money since …
Category: Top National News
Why the FHFA’s Latest Move Undermines the MBS Market
National Mortgage News, Apr. 24, 2020–Christopher Whalen (subscription)This past week, Federal Housing Finance Agency Director Mark Calabria stated that he was directing the GSEs to “add liquidity” to the markets, …
Multifamily Mortgage Debt on the Rise Through Q4 2019; What About 2020?
Commercial Property Executive, Apr. 24, 2020–Jamie WoodwellMBA Vice President of Commercial/Multifamily says continuing the recent trend, the growth in multifamily mortgage debt outpaced that of other property types.https://www.cpexecutive.com/post/commercial-multifamily-mortgage-debt-outstanding-3/
Mortgage Bailout Balloons by Half a Million More Loans in One Week
CNBC, Apr. 24, 2020–Diana Olick“We continue to call on the Treasury and Federal Reserve to provide a liquidity facility to ensure that servicers can continue their important work of advancing …
‘We Got Out Early and Quickly:’ FHA Chief Details Coronavirus Response
American Banker, Apr. 23, 2020–Hannah Lang (subscription)The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of …
Mnuchin Says U.S. Has No Plans for Mortgage Servicer Lifeline
Bloomberg, Apr. 23, 2020–Saleha MohsinTreasury Secretary Steven Mnuchin said the U.S. has no current plans to create a Federal Reserve facility to inject funding into non-bank mortgage servicers, as recent …
House Passes $484 Billion Relief Package after Weeks of Partisan Battles
Politico, Apr. 23, 2020–Heather Caygle, Sarah FerrisThe bill will provide an immediate $321 billion infusion for the Paycheck Protection Program, the small business rescue fund that ran out of money …
Fed to Disclose Borrowers on Business Lending Programs
Wall Street Journal, Apr. 23, 2020–Nick Timiraos (subscription)The Federal Reserve said Thursday it plans to disclose monthly the borrowers, loan amounts and interest rates on funding from several new lending …
Bracing for a Sea of Homeowners in Trouble, Attorneys General Seek More Mortgage Aid
Des Moines Register, Apr. 23, 2020–Lee RoodOn Thursday, a bipartisan group of 35 attorneys general, including Iowa’s Tom Miller, asked HUD to do more to protect millions more Americans who …
Mortgage Lenders Demand Higher Credit Scores as Coronavirus Threatens the Housing Market
Philadelphia Inquirer, Apr. 23, 2020–Natalie CampisiMortgage lenders are battling economic uncertainty by raising minimum credit scores, requiring higher down payments, triple-checking employment status, and even eliminating certain loan types altogether. …