Inside Mortgage Finance, Apr. 6, 2023–Brandon Ivey (subscription)The FDIC plans to sell $114 billion of mortgage-backed securities held by Silicon Valley Bank and Signature Bank.https://www.insidemortgagefinance.com/articles/227461-fdic-to-sell-mbs-holdings-of-failed-banks?
Category: Top National News
A Hidden Time Bomb? A ‘Big Short’ Investor Sees Financial Disaster Brewing in Housing Markets
CNBC, Apr. 6, 2023–Sam MeredithDave Burt, CEO of investment research firm DeltaTerra Capital, was one of the few skeptics who recognized the housing market was on the brink of collapse …
How Federal Housing Agencies are Utilizing Emerging Technologies
HousingWire, Apr. 5, 2023–Connie KimAchieving digital optimization is a main priority for federal housing agencies, and it’s happening at a time when incorporating technology is becoming a crucial part of …
Mortgage Sales by Banks Outpace Production
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 …
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 …