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Just because the Fed is staying put doesn’t mean that mortgage rates, and prices of MBS, are staying put as well, writes Vice Capital Markets Principal Chris Bennett.
February 19
Vice Capital Markets -
The Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday.
February 19 -
The newly public digital mortgage giant is relying on a diverse set of loan channels to take on competitors in an increasingly crowded field, CEO Anthony Hsieh said in an earnings call this week.
February 18
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With the most recent stimulus aiding economic recovery, mortgage lending’s feeding frenzy could be coming to an end.
February 18
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In their detailed presentation to the FOMC last month, Fed staff “assessed asset valuation pressures as elevated” — their highest characterization of risk.
February 18
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Morningstar Credit Ratings LLC let analysts make undisclosed adjustments that resulted in higher ratings of mortgage-backed securities for issuers that paid for the rating, the U.S. Securities and Exchange Commission said in a lawsuit against the rating agency.
February 17
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Despite CoreLogic’s recent agreement to be acquired by funds managed by Stone Point Capital and Insight Partners, CoStar increased its offer to $95.76 a share.
February 16
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Also: New Residential, Fannie Mae and Freddie Mac release Q4 earnings reports
February 12
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The Federal Housing Finance Agency's recent allowance of a 3-month extension of CARES Act forbearances stands to upend the trend in plan exits.
February 12
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While its net income declined annually for the second consecutive year, CEO Hugh Frater touted Fannie Mae’s resiliency in a record year for providing mortgage liquidity.
February 12
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Ocwen Financial, Interfirst Mortgage, Marcus & Millichap and others announce new leadership hires.
February 12
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The best mortgage bonds to buy now may be the ones the Federal Reserve is purchasing, because the securities might benefit the most if macro optimism fades.
February 12
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The company purchased $1.1 trillion of single-family mortgages and $83 billion of multifamily loans during 2020.
February 11
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The cost associated with borrowing money to finance homes now appears more likely to remain stable rather than continuing to decline, which should eventually slow refinance activity.
February 11
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The growing popularity of the company’s websites and apps has earned the company record profits during the fourth quarter, with adjusted earnings before interest, taxes, depreciation and amortization of $170 million, according to a statement on Wednesday.
February 11
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The reduction currently under consideration by the Biden Administration would lead to even faster home price appreciation, especially in areas with moderate FHA presence, American Enterprise Institute’s Housing Director of Research Tobias Peter says.
February 11
American Enterprise Institute’s Housing Center -
House Financial Services Committee members were at odds over whether to have support for homeowners and the State Small Business Credit Initiative, both included the $1.9 trillion stimulus plan, expire when the pandemic ends or later.
February 10
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Interim CFPB Director Dave Uejio expressed concern that financial institutions have dragged their feet in resolving disputes with consumers for service issues during the pandemic.
February 10
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Volumes should rise this year but it could become more difficult to get loans for certain property types, the Mortgage Bankers Association said.
February 10
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But the company sees reasons to be optimistic about the second half of the year, CEO and Chairman Michael Nierenberg said during its fourth quarter earnings call
February 9
