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Higher Interest Rates Juice FHLB Earnings in 3Q22

November 21, 2022
Dennis Hollier
The biggest jump was at the Cincinnati FHLB...
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A Steeper Production Loss in 3Q22: $624 Per Unit

November 21, 2022
Paul Muolo
Mortgage professionals hope the third quarter was the nadir...
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Maybe It’s Time to Buy Retail (Branches)?

November 18, 2022
Paul Muolo
It's a tough origination market, that's for sure. But when times are tough, opportunities can present themselves. Is now a time to buy retail branches from shops that are struggling? If the price is right, yes.
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Multi-Pronged Help Can Boost Black Homeownership

November 18, 2022
Monica Hogan
The homeownership rate among young Black adults who completed college is lower than that among young white adults who didn’t finish high school, according to a new report from the Urban Institute.
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FHFA: Pandemic Housing Market Was Surprisingly Complicated

November 18, 2022
Dennis Hollier
COVID sent home prices soaring and sped up sales. But it also created a spike in the proportion of homes removed from the market.
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Single Borrowers Benefit More From Forbearance, UI Finds

November 18, 2022
Sam Manas
Single borrowers were more likely to use forbearance programs during the pandemic than coborrowers and were disproportionately helped by them, the Urban Institute found.
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Higher Interest Rates Juice FHLBanks’ 3Q22 Earnings

November 18, 2022
Dennis Hollier
Systemwide, FHLBank advances grew 36.5% in the third quarter, helping drive a 51.1% sequential increase in profits. (Includes three data charts.)
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FHFA Reduces Multifamily Caps as Market Contracts

November 18, 2022
Dennis Hollier
The volume of multifamily loans the enterprises can purchase will be smaller in 2023, but the FHFA also expanded the mission-oriented qualifications.
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New LLPA Rules Kick In Next Month

November 18, 2022
Dennis Hollier
Loan-level price adjustments for low-income and first-time borrowers and for loans that meet duty-to-serve requirements will be a thing of the past on Dec. 2.
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GSEs Introduce Two Systems to Disclose Socially Oriented Lending

November 18, 2022
Dennis Hollier
The new social index methodology gives investors a rigorous, pool-based measure of the social impact of the mortgage-backed securities issued by the enterprises.
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