Weekly Real Estate News, Sept. 11, 2023–Phil HallA home seller in San Francisco is four times more likely to take a loss on their transaction compared to the average U.S. …
Category: Top National News
FHA Lifts Long-Standing Hurdle for ‘Rejected’ Borrowers
Mortgage News Daily, Sept. 11, 2023–Bonnie Sinnock (subscription)The Federal Housing Administration is doing away with a requirement that’s been challenging mortgage borrowers and lenders since 1990 in an apparent response …
Agency MBS Issuance Begins to Fizzle
Inside Mortgage Finance, Sept. 11, 2023–John Bancroft (subscription)The half-hearted rally in the agency single-family market enjoyed during the second quarter of 2023 appears to be fading as autumn beckons.https://www.insidemortgagefinance.com/articles/228860-agency-mbs-issuance-begins-to-fizzle?
Servicing Earnings Jump in Second Quarter
Inside Mortgage Finance, Sept. 5, 2023–John Bancroft (subscription)Income tied to mortgage servicing increased significantly in the second quarter of 2023, according to a new analysis by Inside Mortgage Trends.https://www.insidemortgagefinance.com/articles/228798-servicing-earnings-jump-in-second-quarter?
Americans’ Homes Are Worth More Than Ever, but Tapping Into That Value Isn’t Easy
Axios, Sept. 7, 2023-Emily PeckWith interest rates so high, Americans are far less inclined to tap into their home equity this year via cash-out refinances or home equity loans.https://www.axios.com/2023/09/07/equity-loan-home-value-high-interest-mortgages-refinancing
Tips for Inflation-Bitten Budgets to Conquer Mortgage Payment Struggles
Orange County Register, Sept. 7, 2023–Jeff LazersonMortgage delinquencies are low, but that doesn’t mean some homeowners aren’t struggling to pay bills amid rising costs elsewhere in the family budget.https://www.ocregister.com/2023/09/07/tips-for-inflation-bitten-budgets-to-conquer-mortgage-payment-struggles/
The Week Ahead: Property Insurance and Its Impact on Consumers
DS News, Sept. 1, 2023–Eric C. PeckThis coming week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs will present a hybrid hearing titled, “Perspectives on Challenges in the …
FHA and VA Lending Increases in Second Quarter
Inside Mortgage Finance, Sept. 1, 2023–Brandon Ivey (subscription)FHA single-family endorsements and VA home loan guaranty volume increased from the first quarter to the second quarter of this year, according to …
Fannie and Freddie Face Dilemma in Loan Repurchases
HousingWire, August 29, 2023–Bill ConroyConcern is mounting among housing-industry experts that loan-repurchase rates in upcoming quarters are likely to continue to trend upward for independent mortgage banks (IMBs), well above …
New Mortgage Rule Could Harm Efforts to Close Racial Homeownership Gap
HousingWire, Aug. 31, 2023–Chris ClowA Federal Reserve plan to make low-downpayment loans more expensive for banks could negatively impact the Biden administration’s efforts to combat housing inequality, experts told Politico.https://www.housingwire.com/articles/new-mortgage-rule-could-harm-efforts-to-close-racial-homeownership-gap/