New York Times, May 30, 2023-Debra KaminMore than one quarter of homeowners in the United States are “house poor,” spending more than 30 percent of their income on housing costs, …
Category: Top National News
Servicing the Biggest Benefit for Ellington in Arlington Buy
National Mortgage News, May 30, 2023–Brad Finkelstein (subscription)Ellington Financial, in a bid to increase its mortgage servicing portfolio, agreed to buy Arlington Asset Investment in a stock and cash deal …
The Next Big Threat Hovering Over the U.S. Economy
Politico, June 5, 2023–Katy O’DonnellAs the federal government strives to contain financial market turmoil, the next risk looming over the nation’s banks is in plain sight: the $20 trillion commercial …
Feds Seek Input on Updating AVM Quality Control Standards
WRENews, June 2, 2023–Phil HallSix federal regulatory agencies have jointly requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate …
Why is There Controversy Over Mortgage Fees?
Scripps News, June 5, 2023–Lauren Magarino, Emily SenIn January, the Federal Housing Finance Agency announced a change in the pricing models for new government-backed mortgages. That change went into effect …
Zombie Mortgages Could Force Some Homeowners Into Foreclosure
Wall Street Journal, June 4, 2023–Nicole Friedman (subscription)Homeowners say they are getting bills and foreclosure threats on second mortgages they thought were taken care of long ago.https://www.wsj.com/articles/zombie-mortgages-could-force-some-homeowners-into-foreclosure-e615ab2a?
Purchase-Mortgage Share Hits 85% in First Quarter
Inside Mortgage Finance, June 2, 2023–John Bancroft (subscription)Refinance originations fell to exceptionally low levels in the first quarter of 2023, helping to increase the purchase-mortgage share of the market, according …
Prop 19’s Property Tax Transfer a ‘Godsend’ for Southern California Seniors
Orange County (Calif.) Register, June 2, 2023–Jeff LazersonThousands of older homeowners in Southern California have sold their primary home and relocated their Prop. 13 tax savings to another property under …
Servicing the Biggest Benefit for Ellington in Arlington Buy
National Mortgage News, May 30, 2023–Brad Finkelstein (subscription)Ellington Financial, in a bid to increase its mortgage servicing portfolio, agreed to buy Arlington Asset Investment in a stock and cash deal …
Correspondent Channel Gains Share Even with Wells’ Exit
Inside Mortgage Finance, May 26, 2023–John Bancroft (subscription)The correspondent channel gained market share in the first quarter of 2023, according to a new ranking and analysis by Inside Mortgage Finance.https://www.insidemortgagefinance.com/articles/227941-correspondent-channel-gains-share-even-with-wells-exit?