National Mortgage News, July 17, 2023–Bonnie Sinnock (subscription)The near-term performance of mortgages backed by government-sponsored enterprises wavered a little as the second quarter got underway but loss mitigation stopped some …
Category: Top National News
The Housing Market Recession is Already Ending
Washington Post, July 17, 2023–Rachel Siegel (subscription)Last year’s downturn in the housing market didn’t last, even with higher interest rates. Now prices are stabilizing as supply chains ease up.https://www.washingtonpost.com/business/2023/07/17/housing-market-recession/
Struggling Borrowers Seek Help Through Self-Service Tech: Report
National Mortgage News, July 14, 2023–Spencer Lee (subscription)Both servicers and mortgage borrowers under duress from natural disasters or other unexpected events are seeing benefits from self-service tools, according to new …
US Consumers are Feeling the Most Optimistic Since September 2021
CNN, July 14, 2023–Bryan MenaInflation’s steady slowdown in recent months has kept Americans feeling optimistic about the future.https://www.cnn.com/2023/07/14/economy/consumer-sentiment-july-pre/index.html
Florida Insurance Crisis Sparks Fears for Housing Market
Newsweek, July 14, 2023–Anna SkinnerFarmers Insurance’s recent announcement that it would discontinue new coverage in Florida has fueled concerns from real estate experts that the end may be near for …
How Some Lenders Are Managing CRE Loan Modifications
GlobeSt.com, July 14, 2023–Erik ShermanThat there was going to be trouble was obvious back in the late summer and early fall of 2022. Interest rates were climbing fast. Too many …
Primary MI Securitization Volume Up in Second Quarter
Inside Mortgage Finance, July 13, 2023–John Bancroft (subscription)Primary mortgage insurance activity increased in the second quarter of 2023 after seven consecutive quarterly declines.https://www.insidemortgagefinance.com/articles/228328-primary-mi-securitization-volume-up-in-second-quarter?
How Will the Student Loan Decision Impact the Mortgage Industry?
National Mortgage News, July 10, 2023–Bonnie Sinnock (subscription)Consumers struggling to pay college bills could face more financial difficulties with legal challenges impeding attempts at student debt cancellation and forbearance for …
Opinion: The Fed’s ‘Stress Tests’ Overlook the Dangers Facing Banks
Washington Post, July 11, 2023–Sheila BairThe Federal Reserve’s recently completed “stress tests” gave high grades to banks for passing exams that fail to prepare them for the biggest risk that …
Treasury Department’s Homeowner Assistance Fund Distributed $1.2 Billion in First Quarter
Weekly Real Estate News, July 10, 2023–Phil HallThe U.S. Department of the Treasury reported that its Homeowner Assistance Fund (HAF) programs distributed $1.2 billion in assistance to households during the …