National Mortgage Professional, May 15, 2023–David KrehevskyThe Mortgage Bankers Association on Friday urged the Federal Housing Finance Agency to delay implementing proposed changes to the Enterprise Regulatory Capital Framework.https://nationalmortgageprofessional.com/news/mba-urges-fhfa-delay-changes-enterprise-regulatory-capital-framework
Category: Top National News
Home Mortgage Scammers on the Rise, BBB Says
NewsJax4.com (Jacksonville, Fla.), May 15, 2023–Bruce HamiltonScammers have a new target, and this time it’s homeowners. They have homeowners thinking their mortgage provider wants to get in touch with them. …
Mortgage Delinquencies Hit Record Low in Q1
Mortgage Professional America, May 15, 2023–Candyd MendozaThe mortgage delinquency rate decreased to a seasonally adjusted rate of 3.56% in the first quarter, the Mortgage Bankers Association’s new survey said.https://www.mpamag.com/us/news/general/mortgage-delinquencies-hit-record-low-in-q1/445906
Mortgage Delinquency Rate at Second-Lowest Point Since 1979
MortgageOrb, May 12, 2023–Michael BatesThe delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56 percent of all loans outstanding at the end …
CFPB Makes Its Constitutionality Case to the Supreme Court
HousingWire, May 12, 2023–Chris ClowThe brief filed by the CFPB argues that despite a recent Fifth Circuit ruling, the Bureau does not violate the U.S. Constitution.https://www.housingwire.com/articles/cfpb-makes-its-constitutionality-case-to-the-supreme-court/
GSE CRT Issuance Rebounds in First Quarter
Inside Mortgage Finance, May 12, 2023–Dennis HollierThe government-sponsored enterprises issued a combined $2.05 billion in credit-risk transfer debt in the first quarter of 2023, after a pin-drop silence in the …
Why Pre-Pandemic Fraud Risk is Making a Comeback
American Banker, May 12, 2023–Kate Fitzgerald (subscription)Fraudsters found low-hanging fruit during the pandemic by exploiting the rush to digital payments and remote work, but as those channels become more fortified …
Jumbo Correspondent Sales Down in 2022
Inside Mortgage Finance, May 11, 2023–James DohnertCorrespondent sales of jumbo mortgages dropped in 2022, according to a new ranking and analysis by Inside Nonconforming Markets based on data collected under …
MSR Markdown Prompts Another Loss for United Wholesale
Inside Mortgage Finance, May 10, 2023–Brandon IveyMargins improved significantly at United Wholesale Mortgage in the first quarter of 2023 but a markdown on mortgage servicing rights led to a loss …
Maricopa County Ranks Highest in List of Top Second Home Markets
WRE News.com, May 10, 2023–Phil HallArizona’s Maricopa County took the number one ranking in the newly published list of top U.S. markets for luxury second homes published by the real …