National Mortgage News, Mar. 10, 2023–Brad Finkelstein (subscription)The move has broad support in the mortgage, banking and housing industries; signatories to a November letter sent to Senate Committee on Finance …
Category: Top National News
Republicans Take Aim at CFPB
National Mortgage Professional, Mar. 10, 2023–Mike SavianoCongressional Republicans are setting their sights on the Consumer Financial Protection Bureau, laying out a series of proposals aimed at completely revamping the agency’s …
Opinion: How the Fed’s 2008 Mortgage Experiment Fueled Today’s Housing Crisis
The Hill, Mar. 10, 2023–Paul H. Kupiec, Alex J. PollockThe authors assert the Fed’s decision to invest trillions of dollars in MBS has helped to push the cost of home …
How Seniors Can Tap their Home’s Equity in Tough Times
Orange County Register, Mar. 9, 2023–Jeff LazersonThere are three important points seniors should consider before extracting home equity.First, seniors considering a loan against their home should note that lenders cannot …
Jumbo Lending Slammed in 4Q, Agency and Non-Agency Alike…
Inside Mortgage Finance, Mar. 9, 2023–John BancroftNon-agency jumbo originations fell 36.4% from the third quarter to an estimated $56 billion in the fourth. Non-agency jumbo remains a stronghold for federally …
Even Wealthy Landlords Are Skipping Payments on Office Buildings
Bloomberg, Mar. 9, 2023–Natalie Wong, John GittelsohnWall Street titans pride themselves on knowing when to take risks, especially in moments of uncertainty. But as borrowing costs soar and the work-from-home …
Here’s How Sharply Mortgage Refinancing Has Dropped
Yahoo!Finance, Mar. 8, 2023–Gabriella Cruz-MartinezTo say home refinancing activity is a sliver of what it was two years ago is no exaggeration. (MBA mention)https://finance.yahoo.com/news/heres-how-sharply-mortgage-refinancing-has-dropped-off-213344221.html
How Many Servicing-Related Bills Are Out There? About 500
Inside Mortgage Finance, Mar. 9, 2023–Sam ManasState lawmakers from coast to coast are working on a plethora of bills aimed at the business of servicing residential loans, according to a …
CMG Adds to its Retail Network, Buys MSRs
Inside Mortgage Finance, Mar. 7, 2023–Paul MuoloCMG Mortgage, San Ramon, CA, Monday announced it had purchased the retail branch network of Homebridge Financial Services, Iselin, NJ, for an undisclosed sum. …
Ohio Bank Paying $9M To Settle Redlining Complaint
National Mortgage Professional, Mar. 7, 2023–Keith GriffinIn the settlement, the DOJ said PNB, headquartered in Newark, Ohio, relied on its branch network, mortgage lenders concentrated in majority-white neighborhoods, and internal …