National Mortgage Professional, May 16, 2023–David KrechevskyAcademy Mortgage, a Utah-based independent mortgage lender with branch offices in 38 states, has been targeted by a ransomware group that has published some …
Category: Top National News
Rise in Distressed Sales Signals New Chapter for Beleaguered Office Market
Wall Street Journal, May 16, 2023–Peter Grant (subscription)Property owners are starting to unload troubled office buildings at fire-sale prices, a sign that the office market slump is moving into a …
U.S. Bank Regulators Vow Tougher Rules, Oversight After Bank Failures
Reuters, May 16, 2023–Pete Schroeder, Ann SaphirFed Vice Chair for Supervision Michael Barr said the agency was “carefully considering” rule changes for larger regional banks of over $100 billion in …
Chicago’s Empty Office Towers Threaten Its Future as a Major Financial Hub
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 …
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/