National Mortgage News, Apr. 26, 2023–Bonnie Sinnock (subscription)Federal Housing Finance Agency Director Sandra Thompson sought to clarify in a statement issued late Tuesday that the government-sponsored enterprises’ latest mortgage fee …
Category: Top National News
Expanded-Credit MBS Issuance Rebounds in First Quarter
Inside Mortgage Finance, Apr. 26, 2023–James DohnertAfter a sharp decline in the fourth quarter of 2022, issuance of expanded-credit mortgage-backed securities recovered in the first quarter of 2023, according to …
High Mortgage Rates Have Convinced Some that Renting is Better
CBS News, Apr. 26, 2023–Nancy ChenOne survey shows that, on average, the monthly cost of owning a home is now about a thousand dollars more than renting.https://www.cbsnews.com/miami/video/high-mortgage-rates-have-convinced-some-that-renting-is-a-better-bet/
U.S. Supreme Court to Hear ‘Home Equity Theft’ Case
National Mortgage News, Apr. 26, 2023–Andrew Martinez (subscription)Counsel in Tyler v. Hennepin County will argue whether the procedures violate a homeowner’s Fifth Amendment and Eighth Amendment rights in ensuring compensation …
Is A New Housing Bubble Being Formed?
WRE News.com, Apr. 26, 2023–Phil HallIs there another housing bubble on the rise? A report from the Indiana University Kelley School of Business is predicting a brand-new housing bubble is …
‘Locked In:’ Many Homeowners Feel Stuck in Place…But…
Yahoo!Finance, Apr. 25, 2023–Serah Louis4-in-5 potential sellers feel “locked in” to their current homes, due to their lower mortgage rates, according to a recent survey from Realtor.com. While more than …
Lack of Consultants Stymies FHA Purchase-Rehab Loan Program
National Mortgage News, Apr. 25, 2023–Bonnie Sinnock (subscription)The Mortgage Bankers Association also suggested in a separate letter that the administration “allow the use of outside consultants to oversee home renovations …
Mortgage Insurance Activity Declines in First Quarter
Inside Mortgage Finance, Apr. 25, 2023–John BancroftFannie Mae, Freddie Mac and Ginnie Mae securitized $123.40 billion of loans with government or private mortgage insurance during the first quarter of 2023, …
CFPB Still Has Not Notified Consumers About Data Breach
American Banker, Apr. 24, 2023–Kate Berry (subscription)The CFPB said it is still working with financial institutions to notify consumers about the Feb. 14 breach in which a now-former bank examiner …
Industry Frustrated as New LLPA Structure Nears
Inside Mortgage Finance, Apr. 24, 2023–Dennis HollierAs the implementation date approaches for the Federal Housing Finance Agency’s new guidelines on upfront fees, industry gripes are growing louder.https://www.insidemortgagefinance.com/articles/227617-industry-frustrated-as-new-llpa-structure-nears?v=preview