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 …
Category: Top National News
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 …
U.S. Household Size, at a Record Low, May Finally Be Bottoming Out
Bloomberg, Feb. 10, 2020–Justin FoxThese trends may indicate that Americans have had enough of living alone. But they may also reflect high real estate prices in parts of the country …
Affordable Housing Cuts, CFPB Funding: Takeaways from Trump Budget
American Banker, Feb. 10, 2020–Hannah Lang (subscription)The Trump administration wants to eliminate several affordable housing programs and force some independent agencies to seek congressional funding, yet is also seeking to …
5 Questions to Ask Yourself Before You Refinance Your Mortgage
MarketWatch, Feb. 10, 2020–Jacob PassyRefinance loan volume jumped to the highest level since 2013 last week, especially among jumbo mortgage borrowers, on the heels of lower mortgage rates, according to …