michel-norbert-heritage-foundation

Norbert Michel

Senior Research Fellow

Norbert Michel is a senior research fellow in financial regulations and monetary policy at the Heritage Foundation.

GSEs

Mortgage market doesn't need explicit government backing

A Senate proposal calling for a federal guarantee on mortgage-backed securities would only benefit the largest banks and increase the risk of bailouts.

By Joshua Rosner

March 8

TRENDING

Climate change

Climate risk? "Urgent but manageable" industry stakeholders say

The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.

By Maria Volkova

2h ago
FHFA

FHLBs should double financing for affordable housing, regulator says

In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.

By Spencer Lee

2h ago
Servicing

Non-QM delinquencies rise, but losses remain subdued

The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.

By Brad Finkelstein

10h ago