Freddie Mac’s record Q3, CIS and Universal Credit merge, AmeriHome delays IPO and more of the week’s news
Also: Fannie Mae announces imminent implementation of hedge accounting.Read More…
Category: Mortgage & Real Estate
Mortgage & Real Estate
Zombie foreclosures rise, could be indicative of what’s to come
While the total foreclosures continued to fall with coronavirus moratoria in place, the share of zombie properties rose in the fourth quarter, accordiRead More…
People on the move: Oct. 30
Mortgage industry hiring and new job appointments for the week ending Oct. 30.Read More…
JPMorgan seeks to price first SOFR-referenced prime-loan MBS
Four tranches of AAA-rated notes in the $342.2 million JPMorgan Mortgage Trust (JPMTT) 2020-8 may utilize a term-SOFR rate should the benchmark improvRead More…
Freddie Mac 3Q earnings growth backed by record single-family volume
The government-sponsored enterprise also saw a 22% increase in net worth from the second quarter.Read More…
Small loans are a pain point amid the pandemic: NY Fed panel
Researchers are increasingly focused on the risks related to owner-occupied loans with low balances and low-income properties with a limited number ofRead More…
Zillow: Pandemic uncertainty is keeping 34% of home sellers out of the market
Hesitant home sellers could be one reason there is such low housing inventory, according to a report from Zillow. Thirty-four percent of would-be homeRead More…
Credit report provider CIS doubles size with Universal Credit merger
This deal comes a little more than two months after CIS combined with Avantus.Read More…
Why you should fire your difficult client
Sometimes the best client is the one you never work with. It’s a lesson my mentor taught me years ago when I first started out as a reaRead More…
Why mortgage jobs actually increased this winter
Unexpected rate drops and other factors drove a surprising rebound in nonbank mortgage hiring during what is usually a slow season.Read More…