Inside Mortgage Finance, Apr. 5, 2023–Brandon Ivey (subscription)Banks and thrifts sold more mortgages during the fourth quarter of 2022 than they originated during the quarter, according to a new Inside …
Category: Top National News
What’s on Mortgage Bankers’ Wish List for Servicing Rules
National Mortgage News, Apr. 4, 2023–Bonnie Sinnock (subscription)With the possibility of recession looming, an industry trade group has asked government entities to apply temporary foreclosure-prevention methods from the pandemic on …
U.S. Has 3rd Lowest Percentage Of Households That Own Their Homes Free And Clear Without Mortgages
Forbes, Mar. 31, 2023–John WakeA 2022 OECD (Organisation for Economic Co-operation and Development) study of 28 countries found the U.S. had the third lowest percentage of households that owned their …
Debate Over Junk Fees Heats Up
Multi-Housing News, March 30, 2023–Lew SichelmanThe National Consumer Law Center has added fuel to the debate over so-called junk fees with a new report that shows the array of charges …
Fannie/Freddie Mandated Repurchases Ease
Inside Mortgage Finance, Apr. 3, 2023–John Bancroft (subscription)2022 saw a sharp increase in seller buybacks of defective loans from the GSEs, although the pace may have turned a corner in …
San Francisco Office Vacancies Approach 30%
GlobeSt.com, Apr. 03, 2023–Jack RogersThe “ghost town” stories about downtown San Francisco are going to persist as the year unfolds: nearly a third of the offices in the Golden Gate …
Fannie/Freddie Mandated Repurchases Ease
Inside Mortgage Finance, Apr. 3, 2023–John Bancroft (subscription)2022 saw a sharp increase in seller buybacks of defective loans from the GSEs, although the pace may have turned a corner in …
Q&A: Jamie Woodwell, Mortgage Bankers Association
Scotsman Guide, April 3, 2023–Jeff BondCommercial real estate appears to be ready to sustain another down year, according to the Mortgage Bankers Association. After the market peaked in 2021 with …
FHFA Watchdog Finds Lapses in Conservatorship Record-Keeping
National Mortgage News, Mar. 30, 2023–Bonnie Sinnock (subscription)The Federal Housing Finance Agency’s watchdog asked the regulator to improve its record keeping for decisions made as the government-sponsored enterprises’ conservator after …
Fair Lending Director Says CFPB Undeterred by Townstone Defeat
Inside Mortgage Finance, Mar. 30, 2023–Sam ManasThe Consumer Financial Protection Bureau plans on bringing fair lending cases involving prospective applicants for mortgages even though the agency recently suffered a significant …