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 …
Category: Top National News
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. …
Tightening Credit Standards Challenge CRE Industry
Bisnow, Apr. 12, 2020–Jonathan Berr“Many banks are concentrating on their existing book of business and client relationships,” CBRE Global President of Debt & Structured Finance Brian Stoffers said in an …
Fed’s Housing-Market Concerns Increase Pressure to Help Mortgage Firms
Wall Street Journal, Apr. 9, 2020–Paul Kiernan (subscription)Pressure is building on federal regulators to help mortgage companies that say they face a wave of missed payments by struggling homeowners.https://www.wsj.com/articles/feds-housing-market-concerns-increase-pressure-to-help-mortgage-firms-11586471411?mod=hp_major_pos1#cxrecs_s
Fed’s Mortgage Bond Rescue Could Put Some Lenders Out of Business
Bankrate.com, Apr. 9, 2020–James RoyalThe Federal Reserve has begun purchasing hundreds of billions of dollars in bonds, including mortgage-backed securities (MBS), to help shore up debt markets. While the move …