Axios, May 13, 2024-Felix SalmonFreddie Mac has a new revenue stream in its sights, thanks to the record $17 trillion of home equity sitting untapped in U.S. houses.Click here for more
Category: Top National News
How the Insurance Industry is Using the Mortgage Slump to Get New Talent
Insurance Business, May 1, 2024–Jen FrostHigh mortgage rates are making it a tough environment for home buyers. Home sales were at their lowest in almost 30 years in 2023. For …
ARM Applications At Year’s Highest So Far, As Rates Fail To Budge
National Mortgage News, May 1, 2024-Erica DrzewieckiMortgage rates won’t be on the high end forever, and more borrowers are switching to adjustable-rate mortgages (ARMs) for just that reason.Click here for more
What the Fed’s Moves Mean for Mortgages, Credit Cards and More
The New York Times, May 1, 2024-Tara Siegel BernardAmerican households who were hoping interest rates would soon decline will have to wait a bit longer.Click here for more (subscription)
Vibrant HEi Market Could be Tempered by Future Regulation
Home Equity Lending News, May 6, 2024–Steve RappoportIndustry leaders last week endorsed home-equity investments, which have been performing well, as the next big thing for cash-strapped homeowners. But the growing …
Mortgage Insurers’ Business Mostly Flat or Down in 1Q
National Mortgage News, May 6, 2024–Brad FinkelsteinPrivate mortgage insurers had a weaker first quarter compared to one year ago, as new insurance written fell by 9%, but it was flat …
Trade Groups Express Concerns on VA Timeline for Defaulted Loan Purchase Program
HousingWire, May 6, 2024-Chris ClowRepresentatives of the Mortgage Bankers Association (MBA) and the Housing Policy Council (HPC) are urging leaders at the U.S. Department of Veterans Affairs (VA) to delay …
Gov. DeSantis Signs Bills to Encourage Hurricane Prep
WINK, April 24, 2024-Nicholas KarsenFlorida Gov. Ron DeSantis signed two bills to strengthen Florida against natural events and hurricanes while in Redington Shores.Click here for more (subscription)
The Insurance Crisis is Affecting the Housing Market
Sacramento (Calif.) Appraisal Blog, April 24, 2024–Ryan LundquistInsurance has been a glaring mess in California, and it’s really starting to affect the housing market. Today, I want to share some …
Mortgage Fraud Attempts Surge by More Than One-Third
National Mortgage News, April 25, 2024-Spencer LeeThe number of fraud attempts on mortgage companies leaped by more than one-third between 2022 and 2023, with old methods becoming new again when …