National Mortgage News, Apr. 28, 2023–Austin Weinstein (subscription)Outstanding loans by Federal Home Loan Banks to financial institutions surged to a record $1 trillion during March’s banking crisis, even as the …
Category: Top National News
Real Estate Proves Fertile for Fraud
The Housing Scene (UExpress), Apr. 28, 2023–Lew SichelmanReal estate is an especially fertile ground for criminals: Transactions are complex, lots of people are involved and much of the information needed …
Lenders’ Homeowner Hardship Care During Pandemic Shapes Permanent Policy
HousingWire, Apr. 27, 2023–Perry HilzendegerAs the Mortgage Bankers Association (MBA) noted in its recent white paper, the current high-interest-rate environment poses additional challenges that require further policy reform and expansion …
Texas Bankers Sue CFPB over Small Business Lending Data Rule
American Banker, Apr. 27, 2023–Kyle Campbell (subscription)The Texas Bankers Association filed suit against the CFPB in the U.S. District Court for the Southern District of Texas on Wednesday. The lawsuit …
Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers
Wall Street Journal, Apr. 27,2023–Peter Grant, Jim Carlton (subscription)350 California Street was worth $300 million four years ago. It might sell for 80% less now, brokers say, in a market …
FHFA’s Thompson Pushes Back on Criticism of Mortgage Fee Changes
National Mortgage News, Apr. 26, 2023–Bonnie Sinnock (subscription)Federal Housing Finance Agency Director Sandra Thompson sought to clarify in a statement issued late Tuesday that the government-sponsored enterprises’ latest mortgage fee …
Expanded-Credit MBS Issuance Rebounds in First Quarter
Inside Mortgage Finance, Apr. 26, 2023–James DohnertAfter a sharp decline in the fourth quarter of 2022, issuance of expanded-credit mortgage-backed securities recovered in the first quarter of 2023, according to …
High Mortgage Rates Have Convinced Some that Renting is Better
CBS News, Apr. 26, 2023–Nancy ChenOne survey shows that, on average, the monthly cost of owning a home is now about a thousand dollars more than renting.https://www.cbsnews.com/miami/video/high-mortgage-rates-have-convinced-some-that-renting-is-a-better-bet/
U.S. Supreme Court to Hear ‘Home Equity Theft’ Case
National Mortgage News, Apr. 26, 2023–Andrew Martinez (subscription)Counsel in Tyler v. Hennepin County will argue whether the procedures violate a homeowner’s Fifth Amendment and Eighth Amendment rights in ensuring compensation …
Is A New Housing Bubble Being Formed?
WRE News.com, Apr. 26, 2023–Phil HallIs there another housing bubble on the rise? A report from the Indiana University Kelley School of Business is predicting a brand-new housing bubble is …