Home Equity Lending News, May 24, 2024–Sam GarciaWhile there is support for a Freddie Mac closed-end second product, there is plenty of opposition. Among the concerns are the disruption to …
Category: Top National News
How Some Homebuyers Are Snagging Rare, Sub-4% Mortgages
Axios, May 21, 2024-Emily PeckHomebuyers typically covet amenities like walk-in closets or cold-plunge pools — but the latest hot thing in the housing market is the old-school sub-4% mortgage.Click here for …
Weekly Mortgage Refinance Demand Revives as Interest Rates Fall to 7-Week Low
CNBC, May 22, 2024–Diana OlickApplications for a mortgage to purchase a home fell 1% for the week and were 11% lower than the same week one year ago, the Mortgage …
FHA Greenlights Higher Fee for Assumptions
National Mortgage News, May 20, 2024–Bonnie SinnockThe Federal Housing Administration on Monday markedly increased what lenders can charge when a new borrower assumes a loan.Click here for more (subscription)
Are Second Mortgages About to Make a Comeback? Freddie Mac Has a New Proposal
MoneyWise, May 22, 2024–Chris ClarkIn a landscape of fluctuating interest rates and economic uncertainty, homeowners are often on the hunt for financial flexibility. Their options include a second mortgage, which …
CFPB’s Chopra Says Bureau Will ‘Be Firing on All Cylinders’ After SCOTUS Win
National Mortgage News, May 17, 2024–Kate BerryWith the Supreme Court decision affirming that the Consumer Financial Protection Bureau’s funding structure is constitutional, CFPB Director Rohit Chopra outlined the agency’s next …
Mortgage REITs Shrink & Deleverage, Gear Up for Originations
Commercial Real Estate Direct/Trepp, May 16, 2024–Orest MandzyThe major mortgage REITs saw their collective loan portfolios shrink by nearly 11% over the past year, as most had sharply curtailed lending …
MBA: Mixed Trends in Mortgage Delinquencies for Q1 2024
MPA, May 17, 2024-Candyd MendozaOverall mortgage delinquencies ticked up in the first quarter, but not across all three of the major loan types, according to the Mortgage Bankers Association’s (MBA) …
A 20% Home Down Payment Isn’t ‘the Law of the Land,’ Analyst Says. Here’s How Much People Are Paying
CNBC, May 14, 2024-Ana Teresa SoláConsumers are putting down more money to buy a home — but the typical down payment is still much less than you might expect.Click here for …
Listen: The Daily–The Possible Collapse of the U.S. Home Insurance System
The New York Times, May 15, 2024-The DailyAcross the United States, more frequent extreme weather is starting to cause the home insurance market to buckle, even for those who have …