Bloomberg, May 15, 2023–Isis Almeida, Shruti SinghIn the heart of Chicago’s financial center, a seven-story building occupying much of a city block was once home to the world’s largest options …
Category: Top National News
On the Rise: Loan Broker Market Share
Inside Mortgage Finance, May 15, 2023–Andras MalatinszkyAgency loan sales fell 22.4% to $192.27 billion in the first quarter of 2023 as interest rates remained elevated in the wake of federal …
MBA Urges FHFA To Delay Changes To Enterprise Regulatory Capital Framework
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
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 …