National Mortgage Professional, Mar. 3, 2020Commercial and multifamily mortgage delinquencies remained low in the fourth quarter of 2019, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.https://nationalmortgageprofessional.com/news/74041/commercial-mortgage-delinquencies-remain
Category: Top National News
Hottest Bond Market in History Is Starting to Make Some Nervous
Bloomberg, Mar. 3, 2020–Cecile Gutscher, Anchalee WarrachateRate-cut expectations and a lunge for safe assets have earned the bond market a lot of fans in recent weeks. The resulting rally is …
How Do You Solve a Problem Like Fannie and Freddie?
Bloomberg, Mar. 2, 2020–Elizabeth DexheimerFederal Housing Finance Agency chief Mark Calabria’s decisions could rock a $5 trillion mortgage market and make a lot of money for hedge funds.https://www.bloomberg.com/news/articles/2020-03-02/fannie-mae-and-freddie-mac-s-fate-is-in-the-hands-of-one-man?srnd=premium
Americans Are Paying $34 Billion Too Much for Houses in Flood Plains
Bloomberg, Mar. 2, 2020–Eric RostokAt least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion, according to new research published in a National …
Will CFPB Be Reined in? Chief Justice Roberts May Hold the Key
National Mortgage News, Mar. 2, 2020–Kate Berry (subscription)When laywers appear before the U.S. Supreme Court on Tuesday, they see Chief Justice John Roberts as the potential swing vote.https://www.nationalmortgagenews.com/news/will-cfpb-be-reined-in-chief-justice-roberts-may-hold-the-key
Mortgage Risk is Down Thank to Less Risky Refi Transactions
Mortgage Professional America, Mar. 2, 2020–Candyd MendozaThe growing share of lower-risk refinance transactions pulled the frequency of defects, fraud, and misinterpretation in the information submitted in mortgage loan applications to …
U.S. Homeowners, Banks Approach Refinancing Field Day
Reuters, Mar. 2, 2020–David HenryThe Mortgage Bankers Association is revising upward its forecasts for refinancing because of the plunge in bond yields, said Joel Kan, an economic and industry forecaster …
Virus Pushes Global Economy Toward First Contraction Since 2009
Bloomberg, Mar. 2, 2020–William HorobinGlobal economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging central banks and governments …
Calabria Now Expects Fannie Mae and Freddie Mac IPOs in 2021
HousingWire, Feb. 28, 2020–Ben Lane Federal Housing Finance Agency Director Mark Calabria told members of the Credit Union National Association this week that he now expects the offering of stock …
5 Ways Mortgage Servicing is Evolving
National Mortgage News, Feb. 28, 2020–Bonnie Sinnock (subscription)Here’s a look at five ways servicing conditions are evolving, according to industry professionals who attended the Mortgage Bankers Association’s national servicing conference.https://www.nationalmortgagenews.com/list/5-ways-mortgage-servicing-is-evolving