Category: Top National News

HousingWire, May 23, 2018–Sarah WheelerOne thing that stood out at the MBA Secondary Marketing conference this year was the growing appetite for non-QM loans. It’s a tough market, and the easy loans where borrowers neatly line up with qualified mortgage standards are harder and harder to find.

National Mortgage News, May 23, 2018–Bonnie Sinnock (subscription)Government-sponsored enterprises Fannie Mae and Freddie Mac are in a race to offer services and technology that help mortgage bankers raise cash from mortgage servicing rights.

National Mortgage News, May 23, 2018–Neil Haggerty (subscription)With the clock ticking down on his term as head of the Federal Housing Finance Agency, Mel Watt made clear Wednesday that he will continue implementing administrative housing finance reforms as Congress fails to achieve legislative changes.

HousingWire, May 23, 2018–Sarah WheelerThe challenges facing the mortgage market are many: a significant shortage of housing, rising interest rates and first-time homebuyers who need specialized underwriting are just the start. But leaders from Fannie Mae and Freddie Mac assured attendees at the MBA Secondary Marketing Conference on Tuesday that the GSEs were ready to partner with them to meet these challenges.

National Mortgage News, May 23, 2018–Brad Finkelstein (free story)Rising interest rates, fewer applications and tighter margins were on the minds on lenders at the 2018 Mortgage Bankers Association Secondary Market Conference in New York.

National Mortgage News, May 23, 2018–Bonnie Sinnock (free story)Digital mortgage efficiencies span from origination to the secondary market and beyond, but something as small as a low-quality image in the loan file can cause headaches with investors.

Mortgage Daily, May 23, 2018A seven-month run for year-over-year increases in mortgage delinquency came to an end last month as the number of loans in active foreclosure was the lowest in more than a decade, said Black Knight.

HousingWire, May 22, 2018–Kelsey RamirezPanelists at the MBA National Secondary Market Conference said the key to expanding access to credit is focusing on first-time homebuyers. Currently, the homeownership rate among younger families is not only below 2007 levels but also below the 2001 to 2006 levels, according to Tian Liu, Genworth Mortgage Insurance chief economist.

Wall Street Journal, May 22, 2018–Laura Kusisto (subscription)Soon it may be nearly as easy to trade in an old home for a new one as it is to dispense with a used car. Open Door Labs Inc., a San Francisco startup that buys homes in cash and turns around and flips them, is getting into business with home builders.

Commercial Property Executive, May 22, 2018–Paul FiorillaForged out of crisis and sharpened during a cycle of frenetic activity, the commercial mortgage-backed securities market is struggling to adjust to a period of relative calm.