With Warsh’s Fed overhaul, mortgage rates face a new risk
Federal Reserve Chair Kevin Warsh’s new framework for the U.S. central bank carries significant implications for the mortgage industry and broader housing market.
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Saluda Grade brushes off macro concerns to bet on home equity resilience
Alternative investment firm Saluda Grade doesn’t see the interest rate environment or the current signals of consumer financial stress taking the shine off home equity assets anytime soon.
White House taps Brian Johnson to lead CFPB
The White House has sent the nomination of Brian Johnson to serve as director of the Consumer Financial Protection Bureau (CFPB) to the Senate, according to a notice filed on Wednesday.
MBA launches forum for reverse mortgages, senior lending
The Mortgage Bankers Association (MBA) on Tuesday announced the launch of a new member forum dedicated to reverse mortgages and other senior-focused mortgage products.
Mortgage and real estate battle for the top of the funnel
With interest rates in a higher-for-longer environment, mortgage and real estate companies have realized that long-term survival requires market share growth via M&A.
Secondary mortgage market waits for data, creates workarounds amid shift to alternative credit scores
In the secondary market, investors and credit rating agencies are awaiting additional performance data while developing workarounds to keep loans moving through the system.
Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated
Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market.
Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios
Ginnie Mae removed TPP loans from delinquency counts, expects cures to improve and ramps up loan-level transfers to boost liquidity.
FHA turns attention to the ‘flipping rule’ and AVMs
FHA signals push to repeal its 90-day anti-flipping rule and update AVMs, while new loss-mitigation rules are tied to $2 billion in savings.
How loan officers are saving deals as mortgage rates cross 6.6%
Loan officers are shifting their playbooks to keep deals alive as mortgage rates climb north of 6.6%.