National Mortgage News, July 6, 2023–Brad FinkelsteinEllington Financial’s proposed acquisition of fellow real estate investment trust Great Ajax creates synergies for its nonperforming and reperforming mortgage loan portfolios as well …
Category: Top National News

Fannie Mae, Freddie Mac Update Condo and Co-Op Unit Policies
National Mortgage News, July 6, 2023–Bonnie Sinnock (subscription)Fannie Mae on Wednesday released criteria for loans on apartments within condominiums and cooperatives that will replace stop-gap measures for buildings with significant …

Another Warehouse Financier Calls It Quits
Inside Mortgage Finance, July 5, 2023–Paul Muolo (subscription)Roughly nine months after declaring its entry into the warehouse lending arena, Fifth Third Bank has decided to exit the business, multiple sources …

FHA Foreclosure Prevention Fix for Higher Rates Draws Mixed Reviews
National Mortgage News, July 3, 2023–Bonnie Sinnock (subscription)A strategy floated by the Federal Housing Administration as a way to lower the payments of troubled borrowers even when current rates are …

Home Equity Lending Cools in First Quarter
Inside Mortgage Finance, June 30, 2023–Brandon Ivey (subscription)The volume of new home equity line of credit commitments and closed-end second liens originated in the first quarter of 2023 declined by …

Payment Provider Fined $25 Million for Error at Servicer
National Mortgage News, June 27, 2023–Maria Volkova (subscription)The Consumer Financial Protection Agency hit ACI Worldwide and its subsidiary ACI Payments with a $25 million fine Tuesday for illegally initiating withdrawals …

Fannie Mae, Freddie Mac Foreclosures Rise, Delinquencies Dip
National Mortgage News, June 26, 2023–Bonnie Sinnock (subscription)More houses backing loans purchased by two government-related mortgage investors ended up in the distressed market during the first quarter, but that number …

Loan Servicers’ Pandemic-Relief Efforts ‘a Major Success Story’
Inman News, June 26, 2023-Matt CarterLoan servicers collecting mortgage payments on loans backed by Fannie Mae and Freddie Mac kept millions of borrowers from being foreclosed on during the coronavirus …

MBA Compliance and Risk Management Conference in D.C. Sept. 10-12
Two conferences, one monumental location: The Mortgage Bankers Association’s all-new Compliance and Risk Management Conference takes place Sept. 10-12 at the Grand Hyatt Washington, D.C. We combined two of your …

Fannie Mae, Freddie Mac Foreclosures Rise, Delinquencies Dip
National Mortgage News, June 26, 2023–Bonnie Sinnock (subscription)More houses backing loans purchased by two government-related mortgage investors ended up in the distressed market during the first quarter, but that number …