VA Pauses Foreclosures for 6 Months The Department of Veterans Affairs has called a moratorium on foreclosures for veterans and servicemembers with VA-guaranteed loans until May 31, 2024. So reports NPR.
Lending

Lending (1437)

Bodnar of MMG: A Mixed Bag for Jobs

"The Jobs Report was a mixed bag," according to Bill Bodnar of the Mortgage Market Guide. Bodnar notes that as of right now, there's a chance the Fed stays pat in June. Read more...

Mortgage-Backed Securities Issuance Drops to 23-Year-Low

In the first four months of 2023, global mortgage-backed securities issuance fell to its lowest level in 23 years. So reports Reuters. Read more...

Fannie Mae 1Q Profits Climb Despite Lower Revenues

Fannie Mae has announced first-quarter net income of $3.78 billion, more than double the fourth quarter of 2022 but down 14% from a year earlier. So reports NEXTMortgageNews. Read more...

Ishbia on Rocket’s Gilbert: “He Doesn’t Like Me and I Don’t Like Him”

United Wholesale Mortgage CEO Mat Ishbia has used some pointed words to address the rivalry between himself and Rocket Mortgage owner Dan Gilbert. So reports The Detroit Free Press. Read more...

Rocket CEO Farner’s Pay Nearly Quintuples in Final Year

Jay Farner, set to retire as CEO of Rocket Companies on June 1, received total compensation of $9.469 million last year, up from $1.603 million in 2021, according to a regulatory filing. So reports The Detroit News. Read more...

Bodnar of MMG: Bonds Like Bad News

"First Republic's problems late on a Friday are good news for rates," observes Bill Bodnar of the Mortgage Market Guide. "Bonds like bad news." Read more...

Many Homeowners Fear Giving Up Lower Rates: Survey

A new survey has shed light on how many homeowners are putting off selling their homes this buying season because they don’t want to give up their current lower rates. So reports Yahoo! Finance. Read more...

Impac Mortgage’s Stock Delisted from NYSE American

NYSE American has delisted Impac Mortgage’s common shares from trading on the exchange. So reports NEXTMortgageNews. Read more...

CFPB Targets Time-Barred 'Zombie Mortgages'

The Consumer Financial Protection Bureau has warned debt collectors against pursuing debt on so-called “zombie mortgages” after the statute of limitations. So reports DSNews. Read more...

Mortgage Rates Tick Up for Second Week in a Row

U.S. long-term mortgage rates have edged upward for a second consecutive week. So reports MReport. Read more...

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