Genworth Mortgage Insurance Industry Survey: Rising interest rates and alternative mortgage products seen as biggest 2018 market challenges

(RECAP: Genworth Mortgage Insurance today released the results of its survey of 105 mortgage industry professionals conducted at this year’s MBA National Secondary Market Conference & Expo in New York City. Notably, 79 percent of respondents cited both rising inflation as a trigger of higher interest rates (49 percent) and the re-emergence of alternative mortgage products (30 percent) as the two largest challenges facing the mortgage market in 2018. An additional 17 percent cited the loosening of credit standards, and four percent cited excess liquidity in the mortgage market.)

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Landlords, nonprofits discuss eviction alternatives in Hampton Roads

(RECAP: Community-minded landlords are joining with Peninsula nonprofits to help people at risk of eviction. The aim is to come up with concrete proposals for the community, local governments and state and federal lawmakers to act on, said Steve Kast, chief executive officer of the United Way of the Virginia Peninsula, which hosted a Tuesday meeting to launch the effort.)

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Fannie Mae Expands Mortgage Insurance Options for Lenders

(RECAP: Fannie Mae has recently introduced another insurance product to help lenders satisfy its charter requirement for high-LTV loans. The government-sponsored enterprise’s (GSE’s) charter requires it to ensure appropriate credit enhancement of loans that have a loan-to-value (LTV) ratio that’s greater than 80 percent when it is bought by Fannie Mae.)

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