Remove blog month 10-2022
article thumbnail

Reverse mortgage volume, securities issuance fall in February

Housing Wire

” HMBS issuance will have a fairly long road to recover to 2023 levels, which were already severely reduced from the record-setting issuance of 2022 brought about by elevated HECM-to-HECM refinance activity during the COVID-19 pandemic. and Longbridge Financial recorded increases for the month.

Mortgages 401
article thumbnail

FHFA brings foreclosures to a screeching halt for borrowers who applied for Treasury assistance

Housing Wire

Borrowers with Fannie Mae or Freddie Mac- backed mortgages have been granted an additional two months to avoid foreclosure if they’ve applied for assistance from the Department of the Treasury. As of October 2021, only 10% of the funds have been distributed upfront for states to initiate pilot programs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FHA borrowers hit first, hardest by sinking economy

Housing Wire

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized ), rising mortg a ge rates , declining home values and the potential of faster-rising unemployment spurred on by a potential recession in the coming year all grip the FHA sector. Over the past 14 years, FHA has insured 9.1

FHA loan 475
article thumbnail

Agency MBS market is facing a supply-side threat

Housing Wire

That tapering, for now, is being accomplished by not replacing those MBS assets — with the Fed’s run-off cap set at $35 billion per month. Bordia added that the pace of Fed MBS run-off, including prepayments slowed by a lack of refinancing, is now “only around $15 billion to $20 billion [per month].” “So, Outright sales of 2% and 2.5%

Marketing 381
article thumbnail

Risk of mortgage fraud is on the rise in the current market

Housing Wire

A website tracking some of those cases, the Mortgage Fraud Blog , highlights 10 federal cases from March, April and early May. month over month. over the month of April and 51.7% month over month in April and 7.55% from a year earlier. In fact, rate locks for rate-and-term refinances were down 89.2%

Mortgages 394
article thumbnail

GSEs’ cash window loses some luster

Housing Wire

Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the start of 2022. In 2020, the top 10 nonbank users of Freddie’s cash window delivered $241.1.

Loans 365
article thumbnail

Headliners Week of 1/10 – 1/15

RIS Media

RISMedia Blog and Social Media Editor Jameson Doris delivers this week's Headliners, a video recap of the week's top stories in real estate. By Jameson Doris January 14, 2022. After just four months on the market, a property on Star Island—a neighborhood in Miami Beach, Florida—sold for $75,000,000. Read This Week's Top Stories.

MLS 96