Orange County Register, May 19, 2023–Jeff LazersonIs California on the brink of a homeowners’ insurance crisis? Insurance companies are bailing on tens of thousands of homeowners who have property in …
Category: Top National News
N.J. Man Stole $525K from Investors in Mortgage Fraud Scheme, Prosecutor Says
NJ.com, May 19, 2023–Anthony G. AttrinoGerrmaioud Chape, 43, of Rochelle Park, solicited investments by claiming he had financial interests in properties he did not own, according to Bergen County Prosecutor …
Potential Debt Default Could Make Housing Market More Volatile
WSAZ (West Virginia) May 18, 2023–Lesya FeinsteinThe deadline is quickly approaching to make a decision about the fate of the nation’s debt ceiling. This impacts many parts of the economy, …
Deliveries to GSEs Increase in April
Inside Mortgage Finance, May 18, 2023–Dennis HollierDeliveries of single-family mortgages to the government-sponsored enterprises in April were up 13.3% on a monthly basis to $48.54 billion, according to a new …
More Disclosures on Fannie Mae, Freddie Mac Fees Needed: House Hearing
National Mortgage News, May 18, 2023–Bonnie Sinnock (subscription)The latest revision to the Federal Housing Finance Agency’s recent pricing changes has addressed some concerns around them but they still bear scrutiny, …
DataDigest: Boomers and the Refi Boom Reckoning
HousingWire, May 17, 2023–James KleimannWith housing affordability at an all-time low, supply is going to have to come from baby boomers, who are less sensitive to mortgage rates or don’t …
Pause on Student Loan Payments About to End for Millions
The Hill, May 17, 2023–Lexi Lonas, Alex GangitanoOptimism that the White House would keep offering borrowers relief from making their payments was crushed last week, when Education Secretary Miguel Cardona …
Housing Affordability is Becoming a Political Flashpoint
Axios, May 17, 2023–Caitlin OwensDebates around housing are watched especially closely by suburban voters, a segment of the population likely to determine the outcome of the 2024 elections. “It has …
Fraud Scheme Ends in Conviction of California Mortgage ‘President’
National Mortgage News, May 16, 2023–Spencer Lee (subscription)Robert Sedlar, former president of Grand View Financial, was found guilty in state Superior Court in Sacramento, California, on counts that included conspiracy, …
Majority of Americans Aren’t Sold on Mortgages — What’s Not To Love?
Yahoo!Finance, May 16, 2023–Jennifer TaylorWhen asked their level of agreement with the statement, “Mortgage is the best solution when buying a home,” 44% of Americans were neutral and 14% disagreed, …