National Mortgage News, Feb. 13, 2020–Bonnie Sinnock (subscription)Fannie Mae identified the adoption of hedge accounting and regular issuance of multifamily Connecticut Avenue Securities deals as among strategies it could continue …
Category: Top National News
Letters to the Editor
The Economist, Feb. 13, 2020–Robert Broeksmit, CMB (subscription)MBA President & CEO notes in the aftermath of the financial crisis, independent mortgage bankers stepped up to fill the void when many …
Student Debt Forgiveness in U.S. to Total $207 Billion in Next Decade, CBO Says
Wall Street Journal, Feb. 12, 2020–Josh Mitchell (subscription)The U.S. government will forgive $207.4 billion in student debt for Americans who take out loans over the next decade, the Congressional Budget …
NMI’s Insurance-in-Force Grows Along with Black Box Pricing
National Mortgage News, Feb. 12, 2020–Brad FInkelstein (subscription)NMI Holdings saw its insurance-in-force grow 38% over the past year as 90% of its clients used its black box pricing module during …
Citigroup’s New Place to Sell Its Mortgage Loans: Muni Market
Bloomberg, Feb. 12, 2020–Martin Z. BraunStarting last year, Citigroup, the biggest U.S. affordable housing lender, has underwritten four tax-exempt bond issues for state and local government agencies that used $1.4 …
Fitch Raises Red Flags About CFPB Plan to Eliminate DTI Requirements from QM Lending Rules
HousingWire, Feb. 12, 2020–Ben LaneSome of the nation’s largest mortgage lenders and housing trade groups [including the Mortgage Bankers Association] may support the Consumer Financial Protection Bureau’s plan to eliminate …
Commercial and Multifamily Mortgage Maturities to Increase in 2020
Mortgage Professional America, Feb. 12, 2020–Candyd MendozaSeven percent of outstanding commercial and multifamily mortgages will mature in 2020, according to the Mortgage Bankers Association.https://www.mpamag.com/news/commercial-and-multifamily-mortgage-maturities-to-increase-in-2020-213388.aspx
Late-Cycle Lenders Proceed With Caution
Multi-Housing News, Feb. 11, 2020–Therese FitzgeraldAt the Mortgage Bankers CREF 2020 Conference, lenders said high valuations and rent regulation are just two of the many risk factors that impact credit …
Mortgage Investors Brace for Coming Wave of Loan Refinancings
Bloomberg, Feb. 11, 2020–Christopher MaloneyWith the 30-year mortgage rate just 14 basis points above its all-time low of 3.31% seen in November 2012, mortgage-backed security investors are bracing themselves for …
Chinese Military Officers Indicted for 2017 Equifax Data Breach
National Mortgage Professional, Feb. 10, 2020–Phil HallThe Department of Justice charged four members of the Chinese military with coordinating the 2017 data breach of Equifax, one of the largest cybersecurity …