National Mortgage News, Nov. 17, 2023–Bonnie SinnockInstead of buybacks, performing loans could be subject to fees related to defect rates, with some exceptions made for small lenders that deliver a …
Category: Top National News
Waters Are Rising for Some Borrowers
National Mortgage Professional, Nov. 7, 2023–Lew SichelmanStudent loan debt forgiveness proves not to be very forgiving.Click here for more. Starts at page 10.
MMI Sees Dramatic Spike In Mortgage Help
National Mortgage Professional, Nov. 7, 2023-Keith GriffinNew statistics released by Money Management International (MMI), a nonprofit financial counseling provider, show a 90% increase in the number of clients seeking mortgage …
Your Next Airbnb Host Could Be a Private-Equity Firm
The Wall Street Journal, Nov. 7, 2023-Craig KarminPrivate-equity giant TPG has started buying single-family homes in Florida vacation markets, where it is renting them out nightly as alternatives to hotels …
Bypassing Mortgage Rates: Share of U.S. Homes Bought With Cash Hits Highest Level in Nearly a Decade
The Associated Press, Nov. 9, 2023-Alex VeigaHomebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash.Click here for more
Opinion: Bloomberg Article is Wrong on VA Loan Forbearance
National Mortgage News, November 10, 2023–Christopher WhalenMany mortgage firms around the U.S. spend a great deal of time and money focusing on the needs of veterans at this time of …
The Coastal State Where Home Insurance Is Relatively Affordable
The Wall Street Journal, Nov. 12, 2023-Arian Campo-Flores and Meggan HallerMOBILE, Ala.—When Kelly and Mike Francis saw the home-insurance quotes for the house they wanted to buy here last spring, they had …
Opinion: Bloomberg Article is Wrong on VA Loan Forbearance
National Mortgage News, November 10, 2023–Christopher WhalenMany mortgage firms around the U.S. spend a great deal of time and money focusing on the needs of veterans at this time of …
Climate Change Is Driving Insurance Rates Up, Forcing Developers to Add Weather-Proofing
CNBC, Oct. 31 ,2023-Rebecca PicciottoAlong East Boston’s waterfront sits The Eddy, a two-building property with over 250 luxury apartments. Its harbor-side location provides unobstructed views of the Boston skyline. It …
MBA CEO Calls FSOC Proposal to Regulate Non-Banks “Unnecessary”
MPA, Nov. 1, 2023-Jonalyn CuetoBob Broeksmit, Mortgage Bankers Association’s (MBA) president and CEO, shared in a blog post his insights on the Financial Stability Oversight Council’s (FSOC) proposal in spring …