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Trend in first-mortgage defaults changed in August

National Mortgage
Mortgage Finance
3 years ago

The first-mortgage default rate in August was the same as its July number, ending an upward trend that had brought,.. Read More;

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Latest Fed rate hike met with groans from the industry

National Mortgage
Mortgage Finance
3 years ago

The decision by the Federal Open Market Committee to boost short-term rates by 75 basis points for the third meeting,.. Read More;

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Powell: Fed will sell mortgage-backed securities, just not yet

National Mortgage
Mortgage Finance
3 years ago

The Federal Reserve will likely have to sell assets to bring its balance sheet down to a more appropriate size,,.. Read More;

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Recession to hit in early 2023, Fannie Mae says

National Mortgage
Mortgage Finance
3 years ago

The U.S. economy is likely to enter into a recession in the first quarter of 2023 due to a combination,.. Read More;

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U.S. sales of previously owned homes decline for a seventh month

National Mortgage
Mortgage Finance
3 years ago

Sales of previously owned U.S. homes fell for the seventh straight month in August as rising mortgage rates continued to,.. Read More;

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Calabria: FHFA is making housing less affordable by backing investors

National Mortgage
Mortgage Finance
3 years ago

As a greater share of single-family homes are being purchased as investments, a debate has emerged about what government-backed mortgage,.. Read More;

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Mortgage volumes break 6-week slide with refi rally

National Mortgage
Mortgage Finance
3 years ago

Mortgage application volume, particularly for refinances, rose for the first time in over a month amid a volatile rate environment,,.. Read More;

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Biggest U.S. banks scale back on property lending as rates climb

National Mortgage
Mortgage Finance
3 years ago

Banks including Wells Fargo, Bank of America and JPMorgan Chase have pulled back on financing for offices and other commercial real,.. Read More;

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Borrowers lost over $6M in mortgage modification scam, regulators say

National Mortgage
Mortgage Finance
3 years ago

Two defendants bilked hundreds of distressed mortgage borrowers in Southern California out of millions of dollars, according to a complaint,.. Read More;

post

Purchase mortgage denial rates still higher for minorities

National Mortgage
Mortgage Finance
3 years ago

Purchase application denial rates remained higher for Blacks and Hispanic whites in 2021, but the share of denials for each,.. Read More;

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Ginnie Mae says most issuers are compliant with risk-based capital rule

National Mortgage
Mortgage Finance
3 years ago

Ginnie Mae on Tuesday issued a statement indicating most nonbank mortgage companies it works with are ready for its upcoming,.. Read More;

post

Fifth Third launches new warehouse business for mortgage lenders

National Mortgage
Mortgage Finance
3 years ago

Cincinnati-based Fifth Third Bank has launched a new business to provide warehouse financing to nonbank mortgage lenders, according to a,.. Read More;

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