National Mortgage Professional, May 1, 2023–David KrechevskyA Delaware district federal bankruptcy judge approved a multibillion-dollar business wind-down for Reverse Mortgage Investment Trust, one day after a delay allowed the company …
Category: Top National News
Brookfield’s Los Angeles Office Company Is Roiled by Defaults
Wall Street Journal, May 1, 2023–Konrad Putzier (subscription)The company, known as Brookfield DTLA Fund Office Trust Investor Inc., owns six Los Angeles office buildings and a retail center. Five of …
Changes are Coming to Some Mortgage Fees Next Month
CNN, Apr. 29, 2023MBA President and CEO Bob Broeksmit, CMB, appears on CNN This Morning Weekend to discuss the current mortgage and housing markets.https://video.snapstream.net/Play/88aVMS8PE8M5EskNpIgTXt?accessToken=jluqrtiu9c6v
Fannie, Freddie Increasing ‘Debt’ Fees on Borrowers This Summer
Orange County Register, Apr. 28, 2023–Jeff LazersonThis summer Fannie Mae and Freddie Mac, on marching orders from their regulator Federal Housing Finance Agency, are going to charge certain borrowers a …
Bills Seek to Roll Back Recent Change to Mortgage Pricing
National Mortgage News, Apr. 28, 2023–Bonnie Sinnock (subscription)Rep. Andy Biggs, R.-Ariz. introduced H.R. 2928 and Rep. Stephanie Bice, R.-Okla, sponsored H.R. 2876, both of which seek to roll back the …
FHLB Loans Rose to Record $1 Trillion During Banking Crisis
National Mortgage News, Apr. 28, 2023–Austin Weinstein (subscription)Outstanding loans by Federal Home Loan Banks to financial institutions surged to a record $1 trillion during March’s banking crisis, even as the …
Real Estate Proves Fertile for Fraud
The Housing Scene (UExpress), Apr. 28, 2023–Lew SichelmanReal estate is an especially fertile ground for criminals: Transactions are complex, lots of people are involved and much of the information needed …
Lenders’ Homeowner Hardship Care During Pandemic Shapes Permanent Policy
HousingWire, Apr. 27, 2023–Perry HilzendegerAs the Mortgage Bankers Association (MBA) noted in its recent white paper, the current high-interest-rate environment poses additional challenges that require further policy reform and expansion …
Texas Bankers Sue CFPB over Small Business Lending Data Rule
American Banker, Apr. 27, 2023–Kyle Campbell (subscription)The Texas Bankers Association filed suit against the CFPB in the U.S. District Court for the Southern District of Texas on Wednesday. The lawsuit …
Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers
Wall Street Journal, Apr. 27,2023–Peter Grant, Jim Carlton (subscription)350 California Street was worth $300 million four years ago. It might sell for 80% less now, brokers say, in a market …