National Mortgage News, Apr. 24, 2023–Andrew Martinez (subscription)The country’s top law enforcement officers are reaching redlining settlements with mortgage lenders at a record pace, agreements they claim have and will …
Category: Top National News
Student Loan Servicers Brace for Trouble with Restart of Payments
The Hill, Apr. 24, 2023–Lexi LonasStudent loan servicers are in a tough bind, dealing with reduced staff as they prepare for the unprecedented situation of 44 million borrowers returning to …
CFPB Downplays Data Breach Report
WRE News.com, Apr. 21, 2023–Phil HallThe employee responsible for this action is no longer with the CFPB and the agency claimed there was no evidence that the information was shared …
Mixed Trends in Deliveries to GSEs in First Quarter
Inside Mortgage Finance, Apr. 21, 2023–Dennis HollierGovernment-sponsored enterprise mortgage-backed security issuance declined by 20.5% in the first quarter of 2023 compared with the previous quarter, according to a new ranking …
Buying Down Your Mortgage Rate: It’s Not Just One Way or the Other
Washington Post, Apr. 21, 2023–Michele Lerner“Buy-downs,” which reduce mortgage interest in exchange for upfront fees, quickly became popular for buyers, especially when sellers were willing to pay the upfront fees …
US Watchdogs Propose Tighter Oversight of Nonbanks Posing Systemic Risk
Bloomberg, Apr. 21, 2023–Viktoria Dendrinou, Allyson VersprilleThe top US financial regulators proposed strengthening tools for addressing threats to financial stability, including changes to Trump-era guidance that had made it difficult …
Fannie Mae: Economic Slowdown Resumes, Modest Means Modest
National Mortgage Professional, Apr. 21, 2023–Ryan KingsleyDoubling down on March’s revised forecast for stronger first-quarter GDP growth, the latest projections by Fannie Mae’s Economic and Strategic Research group indicate an …
U.S. Bancorp May Sell Off Parts of Its Servicing Portfolio
National Mortgage News, Apr. 21, 2023–Bonnie Sinnock (subscription)U.S. Bank’s corporate parent is contemplating shedding some servicing as the company weighs strategies that would help improve its capital position.https://www.nationalmortgagenews.com/news/u-s-bancorp-may-sell-off-parts-of-its-servicing-portfolio
Recession Already Here for Many Americans, as Buying Power, Social Net Shrinks
The Hill, Apr. 20, 2023–Aris FolleyThe stock market may be closely watching the chance of an official economic recession, but many Americans across the country are already feeling the squeeze …
Slight Increase in Share for Private MIs in First Quarter
Inside Mortgage Finance, Apr. 20, 2023–Namrata BhatiaThe share of purchase mortgages with private MI increased slightly in the first quarter of 2023, according to a new analysis by Inside Mortgage …