Inside Mortgage Finance, May 4, 2023–Namrata BhatiaThe performance of loans in agency mortgage-backed securities improved significantly in the first quarter of 2023 after three quarters of rising delinquencies, according to …
Category: Top National News
Freddie Earnings Remain Stable in First Quarter
Inside Mortgage Finance, May 3, 2023–Dennis HollierFreddie’s profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.https://www.insidemortgagefinance.com/articles/227704-freddie-earnings-remain-stable?v=preview
$154M Mortgage for Minneapolis’ IDS Center in Limbo
StarTribune (Minneapolis), May 3, 2023–Burl GilyardThe deadline to pay off a large mortgage balance for the owner of IDS Center in downtown Minneapolis has come and gone without resolution. The …
Ocwen Beats CFPB Lawsuit … Again
National Mortgage Professional, May 3, 2023–David KrechevskyFor the second time, Ocwen Financial Corp. has beaten a mortgage servicing misconduct lawsuit brought by the Consumer Financial Protection Bureau.https://nationalmortgageprofessional.com/news/ocwen-beats-cfpb-lawsuit-again
MBA’s Bob Broeksmit on New GSE LLPA Changes
Scripps TV, May 2, 2023MBA President & CEO Robert Broeksmit, CMB, discusses changes to loan-level price adjustments for Fannie Mae and Freddie Mac that went into effect this week.https://app.frame.io/reviews/7eb8a8d0-dd11-431f-9720-4d142dc11def/7a5259df-de70-4871-ab44-e92c55850024?version=08ea1838-943d-43cd-bc6d-00f46da0ce4a
A Nice Profit Rebound for Fannie. Big Reason: Lower Credit Loss Provisions
Inside Mortgage Finance, May 2, 2023–Dennis HollierWhile most of the mortgage industry struggled mightily to post profits in 1Q, Fannie Mae hit a bit of an earnings home run. Net …
Why RCLCO Encourages SFR Developers to Ready Their Shovels
Multi-Housing News, May 1, 2023–Lew SichelmanCould it be that developers of for-rent single-family houses have only scratched the surface in satisfying demand for their products? It would seem so, according …
Debate Over New GSE Pricing Framework Rages
National Mortgage Professional, May 2, 2023–David KrechevskyThe Federal Housing Finance Agency’s changes to Fannie Mae’s and Freddie Mac’s single-family pricing framework continue to spark debate, with Republicans in Congress filing …
DeSantis Signs Sweeping Anti-ESG Legislation in Florida
Reuters, May 2, 2023–Isla Binnie, Ross KerberFlorida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance …
27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases
WRE News.com, May 1, 2023–Phil HallA coalition of fiscal officers from 27 state governments called President Joe Biden and Federal Housing Finance Agency Director Sandra L. Thompson to jettison the …
