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 …
Category: Top National News
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 …
What Is Happening in the Housing Market?
New York Times, June 26, 2023–Jeanna SmialekHome construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists. …
California Promotes Expanded Availability of Mortgage Relief
National Mortgage News, June 23, 2023–Spencer Lee (subscription)Adjustments to area median-income levels will make more residents eligible after the state opened up the Homeowner Assistance Fund to households with pandemic-related …
The Zombie Mortgages Stalking American Homeowners
Wall Street Journal, June 23, 2023–PodcastLong-dormant mortgages are coming back to bite. Homeowners around the country are facing large bills and even foreclosure threats from investors who own their second …
Chopra: CFPB Wants To Simplify Servicing Rules
National Mortgage Professional, June 21, 2023–David KrechevskyConsumer Financial Protection Bureau Director Rohit Chopra says his agency intends to propose ways to “simplify and streamline mortgage servicing rules.” Chopra said the …
End of Forbearance Tests Mettle of Other Foreclosure Alternatives
National Mortgage News, June 22, 2023-Bonnie SinnockForbearance has reached the point where less than half of a percent of borrowers have it, and that means servicers will be increasingly reliant …
Good News for Tax Delinquents: The Supreme Court Just Made a Ruling in Their Favor
Yahoo News, June 20, 2023–Lew SichelmanEvery homeowner pays property taxes. At least, they should. But sometimes, people can’t — or won’t — pay the piper, and the tax collector comes …
Today’s Rate Hikes Threaten to Push Up Tomorrow’s Housing Costs
Wall Street Journal, June 20, 2023-Konrad Putzier (subscription)Central banks in the West are fighting inflation today at the risk of boosting inflation in the future.https://www.wsj.com/articles/todays-rate-hikes-threaten-to-push-up-tomorrows-housing-costs-166ccdaa
Planet Home Lending’s $10B MSR Buy Increases Portfolio by Over 10%
National Mortgage News, June 22, 2023–Brad Finkelstein (subscription)Planet Home Lending significantly increased the size of its mortgage servicing rights portfolio with a $10 billion bulk acquisition from Village Capital & …