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 …
Category: Top National News
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 …
MSR Markdown Prompts Another Loss for United Wholesale
Inside Mortgage Finance, May 10, 2023–Brandon IveyMargins improved significantly at United Wholesale Mortgage in the first quarter of 2023 but a markdown on mortgage servicing rights led to a loss …
Maricopa County Ranks Highest in List of Top Second Home Markets
WRE News.com, May 10, 2023–Phil HallArizona’s Maricopa County took the number one ranking in the newly published list of top U.S. markets for luxury second homes published by the real …
Finance of America Posts a Profit, Aims to Rule HECM Market
National Mortgage News, May 9, 2023–Andrew Martinez (subscription)Finance of America recorded a slight profit to begin the year as it hones its new identity as the nation’s top reverse mortgage …
New York’s Empty Office Buildings Lure Rich Families Hunting Bargains
Bloomberg May 9, 2023–Natalie Wong, Amanda AlbrightManhattan’s commercial real estate market is reeling, offices are sitting partially empty and rising interest rates threaten to bring widespread defaults. But for a …
Chase to Surpass Wells as Largest Servicer
Inside Mortgage Finance, May 9, 2023–John BancroftA new Inside Mortgage Finance analysis shows that the aggregate owned servicing of the top 50 firms grew just 0.3% during the first quarter …
Court Dismisses Some Claims in Wells Fargo Forbearance Suit
National Mortgage News, May 8, 2023–Bonnie Sinnock (subscription)A federal court judge found that private plaintiffs suing Wells Fargo for issues related to the receipt of automatic forbearance without consent could …
Mortgage Fees (Seriously) Spurred Outrage on TikTok. Here’s Why
New York Times, May 7, 2023–Tara Siegel Bernard“You still get a better rate and loan pricing if you make a higher down payment and have better credit,” said Bob Broeksmit, …