If federal regulators were to reduce or do away with loan level pricing adjustments at the government-sponsored enterprises, the effect on borrowers would be modest, but it would reduce earnings at Fannie Mae and Freddie Mac, a Keefe, Bruyette & Woods analysis found. Lower return on equity could put a crimp in privatization plans as […]
KBW says loan level pricing cuts could hurt GSE earnings Read More »
Dear Readers, The reporting team at National Mortgage News strives to give you accurate, up-to-the-minute information on what’s happening in the mortgage lending space. Unfortunately, we accidentally published inaccurate numbers in the reporting on Waterstone Mortgage’s Q3 earnings and so have corrected the report to properly reflect their performance. See the updated story here: Waterstone
Apology to readers: Correction to Waterstone Mortgage earnings report Read More »
Fannie Mae Senior Vice President Jake Williamson will fill in as the single-family division’s chief and Tom Klein will temporarily take on general counsel responsibilities as those who previously held the positions depart. Executive Vice President Malloy Evans’ departure from the single-family post and Danielle McCoy’s exit as general counsel follow other changes at the
Fannie Mae names Jake Williamson acting single-family head Read More »
The mortgage market could be on the cusp of a bigger turnaround. The industry, already enjoying declining interest rates, is approaching a rate threshold that could unlock more refinance volume, said Andy Walden, head of mortgage and housing market research at Intercontinental Exchange. “An eighth of a point move, that little mini-move, gave us about
ICE’s Andy Walden: FHA performance a “yellow flag” right now Read More »
Benjamin Franklin famously said that nothing in life is certain except death and taxes. When I saw a recent article by Robert Bork Jr. claiming that the affordability crisis is due to some sort of “Realtor® tax,” I stopped in my tracks. The only Realtor® tax I’m aware of is the 15% self-employment tax I’m
There’s no such thing as a Realtor tax: Here’s what they’re missing Read More »
We had a nice pop in our weekly pending home sales last week, and with mortgage rates near 2025 lows we could ask: Is housing breaking out? Not exactly. One of the themes I really stressed this year is that weekly data can be volatile around holiday weekends. So we always look at the two
Weekly home sales look stronger than normal, but there’s a catch Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: It’s up to MLSs to decide if the Zillow-ChatGPT integration violates IDX policies The National Association of Realtors (NAR) said individual MLSs must determine whether Zillow’s ChatGPT integration
Tech Pulse: MLS AI debate; CoStar disputes Zillow announcement Read More »
Fannie Mae on Friday announced the promotion of two long-time employees to lead its Single-Family business and general counsel’s office. “We are pleased to announce the promotion of Fannie Mae seasoned veterans Jake Williamson to acting head of single-family and Tom Klein to acting general counsel. These highly respected leaders will help lead the company
Fannie Mae names new head of single family and acting general counsel Read More »
The Ohio House of Representatives on Wednesday passed two bills aimed at limiting future property tax increases by tying them to inflation — marking the latest in a series of efforts to curb rising property taxes across the state. Republican House Speaker Matt Huffman said the legislation represents “something significant” for Ohio taxpayers. He estimates
Ohio moves to tie property tax increases to inflation Read More »
As James Jensen walked away from work in the life insurance industry the day his son was born 12 years ago, he knew change was coming on multiple fronts. “I was trying to find the right time to make my life change,” Jensen said. “It was a great job with good pay, but it just
From life change to top agent: James Jensen’s North Dakota story Read More »