Bonnie Sinnock
Capital Markets Editor at National Mortgage News
Capital Markets Editor National Mortgage News @NatMortgageNews an Arizent publication @Arizent_co I write about mortgages - and more [email protected]
Articles
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16 hours ago |
nationalmortgagenews.com | Bonnie Sinnock
Trade groups are responding to Congress' budget reconciliation and a housing regulator's call for innovative product ideas with reasons to tread lightly and potentially even roll back guarantee fees. G-fees or loan-level price adjustments that two influential government-sponsored enterprises charge when they buy mortgages from lenders have historically been among methods legislators have used to generate revenue and reduce deficits.
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2 days ago |
nationalmortgagenews.com | Bonnie Sinnock
The Supreme Court has declined to certify a petition for a writ of certiorari from a Florida resident that could have had implications for a landmark decision involving consumer rights in a Minnesota tax-debt foreclosure. Robert Turner's petition asking for a review of an 11th Circuit Court decision in his case could have had implications for interpretations of the earlier Minnesota lawsuit, Tyler v. Hennepin County, according to Bloomberg Law, which was the first to report on the development.
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3 days ago |
nationalmortgagenews.com | Bonnie Sinnock
Castlelake LP has agreed to purchase a maximum of $2 billion in new non-agency mortgages from Invictus Capital Partners through a partnership in which other terms were not disclosed. The buyer is making a capital commitment aimed at helping Invictus scale its Verus correspondent-investor loan platform, which has laid claims to being the main issuer of non-qualified mortgage securitizations since 2017.
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1 week ago |
nationalmortgagenews.com | Bonnie Sinnock
Federal Housing Finance Agency Director Bill Pulte has signaled he will be reviewing methods for forcing the return of mortgaged funds for misrepresentation with no elaboration. "FHFA, Fannie Mae, and Freddie Mac will be evaluating ways to 'recall loans' that have been obtained fraudulently," Pulte said in a pinned post on the X social media platform.
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1 week ago |
nationalmortgagenews.com | Bonnie Sinnock
The FHA is moving faster to scale back temporary relief measures for borrowers affected during the pandemic. A temporary loan-modification option will end on Sept. 30 and the new permanent successor will go into effect the next day instead of starting Feb. 2 of next year. Also, permanent loss mitigation will generally be available every 24 months instead of every 18.
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RT @NatMortgageNews: A blanket requirement for repairs to all real-estate owned properties at the government-sponsored enterprise has creat…
The record-setting fixed-rate nonrecourse financing potentially opens up a new opportunity for nonbank mortgage companies with large MSR portfolios. https://t.co/V3s5ZXbHLI