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 …
Category: Top National News
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 & …
FHFA Bi-Merge Credit Transition Challenges are ‘Immense,’ Housing Orgs Say
HousingWire, June 22, 2023–Chris ClowThe Federal Housing Finance Agency announced last year it is replacing the Classic FICO credit model used by Fannie Mae and Freddie Mac with the FICO …
Deed Theft Victims Get Foreclosure Protections in New York
National Mortgage News, June 21, 2023–Brad Finkelstein (subscription)The New York State Legislature has passed a bill that enhances civil culpability for those accused of deed theft, while adding protections against …
MBA Says a Recession Still Coming This Year
Credit Union, June 21, 2023–Michael OgdenThe Mortgage Bankers Association is sticking with its forecast for a recession this year, but Chief Economist Mike Fratantoni said Wednesday it will be mild …
Chopra: CFPB Wants To Simplify Servicing Rules
National Mortgage Professional, June 21, 2023–David Krechevsky (subscription)Consumer Financial Protection Bureau Director Rohit Chopra says his agency intends to propose ways to “simplify and streamline mortgage servicing rules.” Chopra said …
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 …
Will Homeowners’ Insurance Crisis Upend Home Sales in California?
Orange County Register, June 16, 2023–Jeff LazersonEvery buyer should be asking the seller for an insurance pre-approval or pre-qualification letter.https://www.ocregister.com/2023/06/15/will-homeowners-insurance-crisis-upend-home-sales-in-california/
CFPB Will Identify Ways to Simplify Mortgage Servicing Rules
HousingWire, June 15, 2023-Chris Clow (subscription)The Consumer Financial Protection Bureau (CFPB) will look for ways to streamline and simplify mortgage servicing rules in the months ahead following public comment on …