Recent Posts

Mortgage rates continue to escalate, move closes to 6 percent

Mortgage rates continued their upward momentum this week and show no signs of slowing down as they ticked up closer to the 6 percent mark, according to data released Thursday by Freddie Mac. Rates for fixed-rate mortgages have surged since the start of the year, rising more than two full percentage points. The higher borrowing costs are

Ginnie Mae extends some COVID-19 policies

Ginnie Mae is extending deadline for delinquency reporting exemptions and for alternative audit procedures Ginnie Mae announced last week that it is extending certain pandemic-era policies, including delinquency reporting exemptions. Delinquency reporting exemptions were set to expire at the end of July, but Ginnie Mae said issuers now have until Jan. 31, 2023. It also said that alternative

FEMA: Nearly $1.3M awarded to Connecticut for 2018 storm recovery costs

The Federal Emergency Management Agency said Wednesday it has awarded nearly $1.3 million to Connecticut to reimburse the administrative costs of recovering from tornadoes and storms that struck the state on May 15, 2018. The agency said the state Department of Emergency Services and Public Protection will receive a total of $1,275,694 in federal funding through

Fannie Mae to sell $1.6B reperforming loan pool

The offering is the agency’s 26th sale of reperforming loans since the inaugural deal in 2016 Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 billion. The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering

June 2022 NAMFS Industry Pricing Initiative Update

NAMFS is pleased to provide this update to the Mortgage Field Services Industry regarding this important initiative. We encourage our members to share this information with their network. As previously reported, NAMFS was able to present our Mortgage Field Services Pricing Discussion and Industry Pricing Piedge to several Investors/Insurers starting in late March 2022. NAMFS is pleased to

Has the housing market finally peaked? Expert wight in

Has the U.S. housing market peaked? The real estate market has been hot for a few years now. Buyer demand has stayed strong and home prices have risen dramatically, despite continued low inventory and rising rates. But there are signs that the market may be starting to cool. Does that mean the market has peaked,