Tuesday , 27 October 2020

MReport

MReport

One Region Saw Increased Reverse Mortgage Activity in September

Home Equity Conversion Mortgage (HECM) endorsements continued their slow decrease in September, dropping by 1.75% from August at 3,937 loans.  The full report shows that this is the first time the HECM volume has fallen below 4,000 since the volume peaked in May. The volume seen in September is still much higher than the HECM … The post One Region …

Read More »

FHFA Says Agency Has Kept Borrowers ‘Safe’ During Crisis

FHFA Director Mark Calabria spoke Monday at a virtual event, where his session focused on the agency’s current priorities. Calabria used his allotted time at a Mortgage Bankers Association (MBA) event to outline steps the FHFA has taken to protect borrowers and renters during the COVID-19 pandemic. He also announced a new FHFA rule, which, … The post FHFA Says …

Read More »

Remembering Former Fannie Mae CEO James A. Johnson

James A. Johnson, who served as CEO of Fannie Mae from 1991 to 1998 and was a Democratic campaign operative, died on Sunday, Oct. 18 at the age of 76. His son, Alfred, told The Washington Post and Wall Street Journal that he passed away due to complications from a neurological condition at his home … The post Remembering Former …

Read More »

Interfirst Mortgage Announces a Former COO’s Return

Interfirst Mortgage announced on Wednesday, Oct. 14 that Karen Gerli has rejoined the company as its COO.  In her new role, Gerli will be responsible for the department of Wholesale and Retail Operations, with additional oversight of four divisional areas: Credit Risk, Counterparty Risk, Training and Human Resources. “We are thrilled that Karen is once … The post Interfirst Mortgage …

Read More »

The Current and Future Condition of Residential Real Estate

Mortgage rates are at record lows this year, which might call into question how much mortgage rates may continue to drop and what could be the larger impact on residential real estate. A webinar hosted on October 15 by Todd Teta, Chief Product and Technology Officer at ATTOM Data Solutions, and Eric Fox, Vice President … The post The Current …

Read More »

COVID-19 Might Not Be Causing the Suburban Homebuying Shift

Reports that COVID-19 is causing a migration from urban centers to suburbs abound, but are those stories entirely accurate? First American Chief Economist Mark Fleming recently revealed his insights regarding those rumors about pandemic-driven migration in America. Specifically, Fleming weighed in on whether or not the COVID-19 pandemic has really driven an acceleration in residents moving from the cities to … The post COVID-19 Might …

Read More »

FHFA Reports Refinance, Foreclosure Numbers

Since 2008, when they entered FHFA conservatorship, Fannie Mae and Freddie Mac have completed a total of 4,916,088 foreclosure prevention actions. The FHFA this week published its latest numbers, which show that: The two GSEs completed 230,198 foreclosure prevention actions in July. Close to half of these actions are permanent loan modifications, FHFA reported. They … The post FHFA Reports …

Read More »