Winners and losers of this volatile housing market

The last two years have been good to Christian Dicker.  Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. It didn’t matter where he was — getting dinner with his family at a … Continue readingWinners and losers of this volatile housing market

MBA, HPC urge VA to extend partial claim program

The Mortgage Bankers Association and the Housing Policy Council sent a letter to the Department of Veterans Affairs urging the department to delay the expiration of its COVID-19 assistance partial claim program. If it doesn’t heed the letter, the VAs partial claim program will sunset … Continue readingMBA, HPC urge VA to extend partial claim program

Mortgage delinquency rate falls to historic low

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March.  The overall delinquency rate slightly dropped five basis points from April to 2.75% in May, according to Black Knight. The delinquency rate is 42% lower … Continue readingMortgage delinquency rate falls to historic low

Fannie Mae is out with 7th CAS offering

Less than a month after announcing its sixth Connecticut Avenue Series (CAS) credit-risk transfer deal of 2022, Fannie Mae is unveiling its seventh CAS transaction of the year — an $866 million note offering backed by a reference pool of single-family mortgages valued at $30.6 billion. Earlier … Continue readingFannie Mae is out with 7th CAS offering

Patrick Dodd no longer ‘interim’ CEO of CoreLogic

Patrick Dodd has been named president and CEO of real estate data and analytics provider CoreLogic, the company announced Monday. Dodd had served as interim CEO since January. “We are thrilled that Pat is assuming the role of CEO on a permanent basis,” said Charles … Continue readingPatrick Dodd no longer ‘interim’ CEO of CoreLogic