Home / Author Archives: Christina Hughes Babb (page 47)

Author Archives: Christina Hughes Babb

Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Contact Christina at christina.hughesbabb@thefivestar.com.

FHA Raises Single-Family Loan Limits

low income households

Federal Housing Administration (FHA) announced higher loan limits for 2021. The guidelines apply to the administration's Single Family Title II forward and Home Equity Conversion (reverse) Mortgage insurance programs. The rise in loan limits correlates with nationwide home price appreciation ...

Read More »

The CFPB Adds Five to Its Executive Team

The Consumer Financial Protection Bureau (CFPB) announced additions to its executive team. According to a press release, the bureau—"which helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, ...

Read More »

Loan Application Defects Are Down From 2019

GSE loans

The Loan Application Defect Index (LADI) remained steady in October compared with the prior month but remains 10% lower than October 2019; purchase-loan fraud risk increased 1.2% month-over-month, and less risky refinance fraud risk did not change, according to First American Mortgage Solutions' ...

Read More »

GSEs Release Mortgage Portfolio Updates

Fannie Mae and Freddie Mac released monthly summary reports covering October. The reports contain information about the GSEs' monthly and year-to-date activities related to gross mortgage portfolios; mortgage-backed securities; and other guarantees, interest rate risk measures, serious delinquency rates, and ...

Read More »

What is Driving the Increase in Forbearance Activity?

The data analysts at Black Knight on Friday published weekly forbearance numbers. Due to the Thanksgiving holiday, the data covered activity through Monday (November 23) as opposed to the usual one-week period. According to a Black Knight representative, in summary, ...

Read More »

Credit Scores and Down Payments Reach All-Time Highs

Faced with elevated home prices and stricter credit requirements, borrowers in Q3 placed, on average, higher down payments on their mortgage loans than ever before, according to Bloomberg. Citing a report from ATTOM Data Solutions, Bloomberg reports the median down ...

Read More »

Biden Says His Economics Team ‘Will Deliver Immediate Relief’

President-elect Joe Biden on Monday officially nominated former Federal Reserve Chair Janet Yellen as his Treasury Secretary. This is a confirmation of news reported here last week. Biden-Harris' economics-team announcements, like other transition notifications (which the New York Times is tracking ...

Read More »

The Week Ahead: CARES, Home Sales, Construction, and Jobs

The Committee on Banking, Housing, and Urban Affairs will meet Tuesday, December 1 in open-session, hybrid format, to conduct a hearing entitled "The Quarterly CARES Act Report to Congress." Content from the last such quarterly report is documented in this ...

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.