Archives For: Industry Update
Valuation of Mortgage Servicing Rights for Managing Counterparty Credit Risk
FHFA has released its supervisory expectations for Fannie Mae and Freddie Mac to establish and implement risk management policies and procedures for monitoring and valuing seller/servicers’ mortgage servicing rights.
12 Jan 2023
Office of the Comptroller of the Currency 2022 Annual Report
The Office of the Comptroller of the Currency has released the 2022 Annual Report, outlining strategic priorities, financial management, and regulatory and policy initiatives from 2022.
1 Jan 2023
HUD Seeking First-of-its-Kind Public Input to More Equitably and Accurately Allocate Disaster Recovery Funds
For the first time, HUD has requested public feedback to help determine how best to simplify, modernize and more equitably distribute critical disaster recovery funds.
20 Dec 2022
Share of Mortgage Loans in Forbearance Remains Flat at .7% in November
The MBA Monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained flat relative to the prior month at 0.70% as of November 30, 2022.
19 Dec 2022
Mortgage Rates Drop for Fifth Week in a Row
Mortgage rates fell once again this week, dipping for the fifth straight week in a row. According to Freddie Mac, the average 30-year fixed rate is currently at 6.31%.
15 Dec 2022
FHFA Sets New Percentage-Based Benchmark for Multifamily Housing Goals
FHFA has finalized the benchmark levels for Fannie Mae and Freddie Mac’s multifamily housing goals for 2023 and 2024.
15 Dec 2022
OCC Reports Improvement in Overall Mortgage Performance
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the third quarter of 2022.
15 Dec 2022
U.S. Foreclosure Completions Increase Annually by 64 Percent in November 2022
ATTOM has released its November 2022 U.S. Foreclosure Market Report, showing U.S. properties with foreclosure filings up 57% from a year ago.
8 Dec 2022
Black Knight: 8% of 2022 Mortgaged Home Purchases Now Underwater
Black Knight Data & Analytics released its latest Mortgage Monitor Report, reporting that up to 8% of homes purchases in 2022 are now at least marginally underwater.
5 Dec 2022
FHFA Announces Conforming Loan Limit Values for 2023
FHFA has announced conforming loan limit values for mortgages to be acquired by Fannie Mae and Freddie Mac in 2023.
29 Nov 2022