Wall Street Journal, Apr. 13, 2020–Andrew Ackerman (subscription)About two million homeowners are skipping their monthly mortgage payments, according to industry data released on Monday, a number that is forecast to …
Category: Top National News
Nearly 4% Of All Mortgage Loans Now In Forbearance
Forbes, Apr. 13, 2020–Aly J. YaleLoans serviced by independent mortgage banks are seeing the highest share of loans in forbearance at 4.17%. According to Mike Fratantoni, senior vice president and …
GSEs Must Finance the Default Wave
National Mortgage News, Apr. 13, 2020–Christopher Whalen (subscription)The author, chairman of Whalen Global Advisors, says the best thing FHFA can do is to allow the GSEs to operate exactly the …
Wall Street Heaps Blame on Calabria as Roadblock to Mortgage Aid
Bloomberg, Apr. 13, 2020–Elizabeth DexheimerFederal Housing Finance Agency Director Mark Calabria’s outspokenness has made him the brunt of industry rebukes. The Washington-based Mortgage Bankers Association, which lobbies on behalf of …
Black Knight: COVID-19 Unemployment Spike Triggering Surge in Mortgage Forbearance Requests
Leading up to the coronavirus outbreak, said Black Knight, Jacksonville, Fla., the vast majority of mortgage performance metrics were at or near record levels. Now, says Black Knight Data & Analytics President Ben Graboske, the mortgage market has been turned upside down.
Urban Institute: Liquidity Vehicle Need for Both Mortgagees and Mortgagors
National Mortgage Professional, Apr. 10, 2020–Keith GriffinThe Urban Institute’s Housing Finance Policy Center is calling on the federal government to create a liquidity vehicle for mortgage servicers. Without it, a …
Amid Pandemic, State Elected Officials Become de facto Bank Regulators
American Banker, Apr. 12, 2020–Kevin Wack (subscription)In blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another …
Trump Eyes G-Fee Increase
UExpress, Apr. 10, 2020–Lew SichelmanIf the White House has its way, homebuyers could soon be paying a few thousand more G’s for financing.The administration is looking to place the cost …
Lenders Get Stricter as Some Borrowers Think they Don’t Have to Pay
HousingWire, Apr. 10, 2020–Kathleen HowleyStandards for home loans are tightening by the hour as companies like United Wholesale Mortgage, the nation’s largest wholesale lender, beef up rules to ward off …
Coronavirus Mortgage Relief Poses Risk to Housing Industry
The Hill, Apr. 12, 2020–Sylvan LaneA sixth-month pause on certain mortgage payments mandated by the coronavirus economic rescue bill is causing confusion and risking financial peril across the housing industry. …