Inside Mortgage Finance, Nov. 3, 2023–John BancroftThe biggest servicers got bigger in the third quarter of 2023, and they’re not done growing. The top 50 servicing owners had a combined …
Category: Top National News
Property Insurance Challenges and Urgent Reforms in Focus at Congressional Hearing
MPA, Nov. 3, 2023-Candyd MendozaAs the National Flood Insurance Program (NFIP) expiration nears, the Mortgage Bankers Association (MBA) has raised concerns about the availability of affordable private flood insurance and …
Most Can Raise Their Credit Scores
Banker & Tradesman, Nov 5, 2023–Lew SichelmanThe common wisdom is that would-be homebuyers on the lower end of the credit spectrum will benefit the most from improving their credit scores …
HELOC Originations Tumble
Home Equity Lending News, Nov. 1, 2023Monthly and quarterly production for new home-secured credit lines has retreated significantly from a year ago. As financial institutions invest less in open-end real …
HELOC, Non-agency Securitization Could Grow Long Term, Leaders Say
National Mortgage News, Oct. 23, 2023–Bonnie Sinnock, Brad FinkelsteinNew securitization of home loans has, by and large, followed the primary market’s patterns by trending lower this year, but certain niches …
Nearly One-Third of Homeowners Have $1,000 or Less Saved For Home Emergency
Weekly Real Estate News, Oct 27, 2023–Phil HallAt a time when the average home emergency costs around $2,000 to repair, roughly one-third (31%) of homeowners admit to having $1,000 or …
FTC Requires Nonbank Financial Institutions to Report Data Breaches
HousingWire, October 27, 2023–Flávia Furlan NunesNonbank financial institutions, including mortgage brokers, motor vehicle dealers and payday lenders, must report certain data breaches and other security events to the Federal Trade …
Americans Can’t Stop Spending. Five Reasons Why.
The Wall Street Journal, Oct. 29, 2023-Rachel Wolfe and Amara OmeokweAmericans’ prolonged spending spree has confounded economists and resulted in a surging U.S. economy. What’s keeping their feet off the …
It’s Merger Monday for Real-Estate Investment Trusts
The Wall Street Journal, Oct. 30, 2023-Chelsey DulaneyMerger mania swept the beleaguered real-estate sector on Monday with the announcement of two multi-billion dollar deals.Click here for more (subscription)
Upswing in Office Delinquencies Add to Commercial Real Estate Distress
MPA, Oct. 23, 2023-Candyd MendozaMortgage delinquency rates for commercial and multifamily properties rose for the fourth consecutive quarter, with office delinquencies driving the increase in the third quarter.Click here for more