National Mortgage News, May 8, 2023–Maria Volkova (subscription)Brian O’Shaughnessey’s new lending outfit, dubbed Imperial Bancorp, LLC, will be up and running in a few months, depending on how quickly the …
Category: Top National News
Title Insurance Premium Volume Drops by 38% in 4Q 2022
HousingWire, May 8, 2023–Brooklee HanThe rapid housing market cool down and the rapid pace at which the Federal Reserve hiked interest rates took their toll on the title insurance industry …
A Spring Thaw for Agency MBS Issuance: April Volume Rises 16%
Inside Mortgage Finance, May 8, 2023–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued a combined $80.09 billion of single-family MBS in April. That was up 16.1% from March, notching …
Eviction Bans Remain in California More Than 3 Years Into the Pandemic
Wall Street Journal, May 8, 2023–Will Parker (subscription)A handful of California cities are still enforcing laws that protect tenants from eviction or rent increases, extending pandemic-era policies that most of …
Struggling FHA Borrowers Can Now Get A 40-Year Mortgage Modification
Forbes, May 5,2023–Natalie Campisi This type of loan do-over isn’t new. FHA used 40-year loan modifications during Covid to help borrowers affected by the pandemic stay in their homes. And …
Real Estate Debt Funds Aim to Be Players on Opportunistic, Distressed Strategies
Wealth Management Real Estate, May 5, 2023–Mary DiduchWith trouble roiling the banking sector, attention has turned to real estate debt funds to pick up market share. And indications that some …
Large Firms Gain GSE Servicing Share, Led by Chase
Inside Mortgage Finance, May 5, 2023–Dennis HollierChase Home Finance quietly became the largest servicer of mortgages backed by Fannie Mae and Freddie Mac, according to a new ranking and analysis.https://www.insidemortgagefinance.com/articles/227737-large-firms-gain-gse-servicing-share-led-by-chase?v=preview
Wall Street is Running Away From the Housing Market. But Why?
Fortune, May 5, 2023–Lance LambertIt makes sense that the Pandemic Housing Boom saw a flood of institutional homebuying. Low interest rates, easy access to capital, soaring rents and skyrocketing home …
New York State Considers Raising Reverse Mortgage Borrower Age
WRE News.com, May 5, 2023–Phil HallState Assembly Bill A5877 would also make additional changes to the state’s reverse mortgage laws including provisions for reverse mortgages and cooperative apartments, defining the …
Bank Failures Are Tightening Credit, Says Davidson Kempner’s Yoseloff
Bloomberg, May 5, 2023–Erin HudsonRegional bank collapses are cutting into credit availability, doing some of the Federal Reserve’s work as the central bank looks to tighten credit, said Tony Yoseloff, …