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 …
Category: Top National News
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/
Office Refinancings Remain a Tough Sell
CommercialSearch, Aug. 30, 2023–Fotios TsarouhisIn the office market, obtaining backing for new office builds and lining up acquisition financing for M&A deals will prove tough in this environment. But refinancing …
Lenders Ramp Up CRE CLO Modifications
GlobeSt.com, Aug. 31, 2023–Erik Sherman (subscription)Many in CRE have either wondered when the distressed fire sales would come up for grabs or thought that distress won’t appear in a big …
Chase Becomes Top Jumbo Servicer in Second Quarter
Inside Mortgage Finance, Aug. 31, 2023–James Dohnert (subscription)The number of jumbo mortgages being handled by the top 30 servicers increased in the second quarter of 2023, according to a new …
Jumbo Production Rises, JPM the Market Leader
Inside Mortgage Finance, August 30, 2023–James Dohnert (subscription)The top jumbo producers for the first half of the year include JPMorgan, Wells Fargo and BofA.https://www.insidemortgagefinance.com/articles/228765-jumbo-production-rises-jpm-the-market-leader?
ICE’s Black Knight Purchase to Close on Sept. 5
National Mortgage News, August 28, 2023–Brad Finkelstein (subscription)Intercontinental Exchange’s acquisition of Black Knight should close on Sept. 5 following the parties entering into a consent order with the Federal Trade …
U.S. Housing Market Faces New Hurdle: Student Loan Repayments
Fox Business, Aug. 29, 2023-Megan HenneyThe U.S. housing market has been over the past year walloped by high mortgage rates and a worsening inventory shortage.https://www.foxbusiness.com/economy/us-housing-market-faces-new-hurdle-student-loan-repayments
Welcome to the ‘Nepo’ Housing Market: 40% of Homebuyers Under 30 Get Family Money to Cover Their Down Payment
Fortune, Aug. 28, 2023-Alena Botros (subscription)There’s this consensus that people who come from money are at an advantage, Redfin’s chief economist, Daryl Fairweather, explained—but it made her think: How does …