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The new leader, who officially joined the government mortgage-bond insurer on Jan. 3, is the first Senate-confirmed holder of the post in close to five years.

The Secured Overnight Financing Rate has benefited — amid the phaseout of Libor — from positive comments by regulators. Is a multirate environment, which some banks would prefer, still possible?

Mortgage performance in November was improving, coming close to crossing a key threshold for pandemic-era recovery, but Omicron raises questions about whether that trend will continue.

Even among the non-QM loans in the reference pool, pegged to the SOFR, most of their characteristics fall in line with what is considered prime.

The Trump-appointed head of the Federal Deposit Insurance Corp., Jelena McWilliams, said she plans to leave the agency in early February. The announcement comes weeks after Democratic appointees making up a majority of the board had threatened her leadership by acting on policy related to bank mergers without her consent.

Branches across the country have closed temporarily, or switched to drive-thru service, as infections and quarantine rules have forced many bank workers to stay home.

But low mortgage rates and higher wages are allowing borrowers to meet conforming loan underwriting terms — at least for now.

Also: The MBA gets two new vice presidents, Sagent adds a sales veteran and the Amherst Group hires an MBS portfolio manager.

The 30-year average climbed six basis points after falling to a monthly low a week earlier.

Biden administration appointees moved quickly to highlight climate change risks and unwind Trump-era regulatory relief and housing finance measures. These regulators and lawmakers will have a seat at the table as the progressive shift in banking policy continues.

Borrowers accepting federal loan modifications saw payments on principal and interest reduced between 27% and 33%, according to estimates by the Federal Reserve Bank of Philadelphia.

When finalized, the sections to the Single Family Housing Policy Handbook 4000.1 will replace some 150 Mortgage Letters issued over the years.

About 40% of likely purchasers are delaying or cancelling their activity, a Redfin survey found.

The National Association of Realtors’ index of pending home sales decreased 2.2% from a month earlier to 122.4, according to data released Wednesday.

The past year was noteworthy for many reasons — and within the mortgage industry, some might even argue that 2021 was even more momentous than the 12 months preceding it. What all can agree on, though, is that the ongoing pandemic continued to reshape the lending landscape. As 2022 approaches, we look back on a few of this year’s running themes.

The current patchwork approach to financing the retrofitting of low-income apartment buildings is one of the key issues that should be addressed, the company’s report found.

A measure of home prices in 20 U.S. cities jumped 18.4%, down from 19.1% in September, the S&P CoreLogic Case-Shiller index showed Tuesday.

The lender’s controversial leader Vishal Garg will remain on break but retain his post after disparaging laid-off employees, Aurora Acquisition Corp. confirmed in a Securities and Exchange Commission filing.

The days of sub-3 percent mortgage rates will end next year as the Federal Reserve tries to combat inflation, making it more expensive to buy a home but only slightly cooling Maine's hot real estate market, experts say.