Category: Top National News

National Mortgage News, May 9, 2023–Andrew Martinez (subscription)Finance of America recorded a slight profit to begin the year as it hones its new identity as the nation’s top reverse mortgage …

Bloomberg May 9, 2023–Natalie Wong, Amanda AlbrightManhattan’s commercial real estate market is reeling, offices are sitting partially empty and rising interest rates threaten to bring widespread defaults. But for a …

Inside Mortgage Finance, May 9, 2023–John BancroftA new Inside Mortgage Finance analysis shows that the aggregate owned servicing of the top 50 firms grew just 0.3% during the first quarter …

National Mortgage News, May 8, 2023–Bonnie Sinnock (subscription)A federal court judge found that private plaintiffs suing Wells Fargo for issues related to the receipt of automatic forbearance without consent could …

New York Times, May 7, 2023–Tara Siegel Bernard“You still get a better rate and loan pricing if you make a higher down payment and have better credit,” said Bob Broeksmit, …

National Mortgage News, May 8, 2023–Maria Volkova (subscription)Brian O’Shaughnessey’s new lending outfit, dubbed Imperial Bancorp, LLC, will be up and running in a few months, depending on how quickly the …

HousingWire, May 8, 2023–Brooklee HanThe rapid housing market cool down and the rapid pace at which the Federal Reserve hiked interest rates took their toll on the title insurance industry …

Inside Mortgage Finance, May 8, 2023–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued a combined $80.09 billion of single-family MBS in April. That was up 16.1% from March, notching …

Wall Street Journal, May 8, 2023–Will Parker (subscription)A handful of California cities are still enforcing laws that protect tenants from eviction or rent increases, extending pandemic-era policies that most of …

Forbes, May 5,2023–Natalie Campisi This type of loan do-over isn’t new. FHA used 40-year loan modifications during Covid to help borrowers affected by the pandemic stay in their homes. And …