Last year was a record year in terms of loan production at $4.4 trillion. But oftentimes, when you have a boom, there’s an ugly hangover in the form of job cutbacks. How bad might it get?
Purchase-mortgage business with primary mortgage insurance held up well in the second quarter while refi activity dropped, according to an analysis of agency MBS issuance. (Includes two data charts.)
A cash management plan submitted in bankruptcy court by FGMC would “circumvent” the rights of FGMC’s warehouse lenders, according to Customers Bank and Flagstar Bank.
Mortgaged property owners retain most climate change-related physical risks and transition risks up to the value of their equity. But lenders, servicers and secondary market buyers also face climate-related risks, the MBA said in a new white paper.
Mortgage originations down at big banks in second quarter; Better does worse in first quarter; loanDepot downsizing; foreclosure activity ramping up; MISMO remains busy.
At the first of three planned listening sessions, FHFA heard that for-profit investors increasingly use litigation to pressure nonprofit affordable housing developers to sell LIHTC-funded properties at minimal prices.
A new research paper co-authored by officials at the Federal Reserve argues that the public/private nature of the FHLBs has allowed them to engage in activities not expressly foreseen by Congress.
Thirty-nine states have programs that provide victims of domestic violence or sexual abuse with substitute mailing addresses to help hide their physical location.