Yahoo!Finance, Apr. 25, 2023–Serah Louis4-in-5 potential sellers feel “locked in” to their current homes, due to their lower mortgage rates, according to a recent survey from Realtor.com. While more than …
Category: Top National News
Lack of Consultants Stymies FHA Purchase-Rehab Loan Program
National Mortgage News, Apr. 25, 2023–Bonnie Sinnock (subscription)The Mortgage Bankers Association also suggested in a separate letter that the administration “allow the use of outside consultants to oversee home renovations …
Mortgage Insurance Activity Declines in First Quarter
Inside Mortgage Finance, Apr. 25, 2023–John BancroftFannie Mae, Freddie Mac and Ginnie Mae securitized $123.40 billion of loans with government or private mortgage insurance during the first quarter of 2023, …
CFPB Still Has Not Notified Consumers About Data Breach
American Banker, Apr. 24, 2023–Kate Berry (subscription)The CFPB said it is still working with financial institutions to notify consumers about the Feb. 14 breach in which a now-former bank examiner …
Industry Frustrated as New LLPA Structure Nears
Inside Mortgage Finance, Apr. 24, 2023–Dennis HollierAs the implementation date approaches for the Federal Housing Finance Agency’s new guidelines on upfront fees, industry gripes are growing louder.https://www.insidemortgagefinance.com/articles/227617-industry-frustrated-as-new-llpa-structure-nears?v=preview
Redlining Probes Created Millions for Originations, Fed Says
National Mortgage News, Apr. 24, 2023–Andrew Martinez (subscription)The country’s top law enforcement officers are reaching redlining settlements with mortgage lenders at a record pace, agreements they claim have and will …
Student Loan Servicers Brace for Trouble with Restart of Payments
The Hill, Apr. 24, 2023–Lexi LonasStudent loan servicers are in a tough bind, dealing with reduced staff as they prepare for the unprecedented situation of 44 million borrowers returning to …
CFPB Downplays Data Breach Report
WRE News.com, Apr. 21, 2023–Phil HallThe employee responsible for this action is no longer with the CFPB and the agency claimed there was no evidence that the information was shared …
Mixed Trends in Deliveries to GSEs in First Quarter
Inside Mortgage Finance, Apr. 21, 2023–Dennis HollierGovernment-sponsored enterprise mortgage-backed security issuance declined by 20.5% in the first quarter of 2023 compared with the previous quarter, according to a new ranking …
Buying Down Your Mortgage Rate: It’s Not Just One Way or the Other
Washington Post, Apr. 21, 2023–Michele Lerner“Buy-downs,” which reduce mortgage interest in exchange for upfront fees, quickly became popular for buyers, especially when sellers were willing to pay the upfront fees …