National Mortgage News, Feb. 27, 2023–Bonnie Sinnock (subscription)“It’s really the best tool to reach first-time homebuyer and low-to-moderate income communities,” Tom Land, vice president, agency relations at Chase, said at …
Category: Top National News
How Repaying Student Loans Is Changing—Dramatically (Video)
Wall Street Journal, Feb. 27, 2023 (subscription)President Biden’s student debt forgiveness plan isn’t the only change coming for student loan borrowers. His plan also fundamentally changes how loans will be …
Average Monthly Mortgage Payments Near $2,000
MReport, Feb. 23, 2023–Kyle G. HorstUsing data from the Mortgage Bankers Association’s Purchase Applications Payment Index and the Weekly Applications Survey, MBA found that the national median mortgage payment applied …
FHA Lower Mortgage Insurance Fees Could Save Borrowers $1,500 Annually
Orange County Register, Feb. 23, 2023–Jeff LazersonThinking about buying a home with an FHA mortgage? It’s best you delay signing that mortgage application until March 20, after the White House …
Congress Questions GSE’s Non-Performing Home Loan Sales
Multi-Housing News, Feb. 21, 2023–Lew SichelmanFive Democratic members of the Senate Finance Committee, including the panel’s chairman, have called on the Federal Housing Finance Agency to review the non-performing loan …
FHFA Proposes More Changes to Enterprises’ Capital Framework
National Mortgage News, Feb. 23, 2023–Bonnie Sinnock (subscription)Fannie Mae and Freddie Mac’s regulator on Thursday released a new series of possible tweaks to some financial parameters they work within, which …
Forbearance Volume Falls Across All Investor Types in January
DS News, Feb. 22, 2023–Eric C. PeckThe latest Loan Monitoring Survey from the Mortgage Bankers Association found the total number of loans now in forbearance nationwide decreased by six basis …
Little Distress Likely For Multifamily As 2023 Continues
GlobeSt.com, Feb. 22, 2023–Lynn PollackMultifamily will likely experience little distress this year, despite a deceleration in debt origination since the beginning of 2022.https://www.globest.com/2023/02/22/little-distress-likely-for-multifamily-as-2023-continues/?
FHA Gains MI Share in a Difficult 4Q22
Inside Mortgage Finance, Feb. 21, 2023–John Bancroft (subscription)The primary mortgage insurance business followed the rest of the market downward in the fourth quarter of 2022, but the FHA continued to …
Banking Regulators Not Giving Ground on MSR Risk Weighting
Inside Mortgage Finance, Feb. 24, 2023–Sam ManasMortgage Bankers Association President Bob Broeksmit this week took aim at federal banking regulators for the 250% risk weighting they’ve placed on mortgage servicing …