Bonnie Sinnock

Capital Markets Editor

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Bonnie Sinnock is the capital markets editor of National Mortgage News. She has been writing and editing for NMN and affiliated publications since 1995. He work also has appeared in several other publications, including the Los Angeles Times and the Los Angeles Independent.

FHFA

FHFA directs GSEs to do more to support MBS, mortgage lending

The Federal Housing Finance Agency authorized the government-sponsored enterprises to lend additional support to the mortgage-backed securities market and temporarily allow some flexibility in lending requirements to address coronavirus-related concerns.

By Bonnie Sinnock

March 23
Community banking

Capital City in Florida to buy majority stake in mortgage lender

The company will significantly boost its origination volume after buying 51% of BrandMortgage.

By Bonnie Sinnock

December 12
Home prices

GSE limit for single-family loans to surpass $500K in 2020

Loan limits for most mortgages Fannie Mae and Freddie Mac buy will exceed $500,000 for the first time ever next year, and the maximum for most high-cost areas will be $765,000.

By Bonnie Sinnock

November 27
Minimum capital requirements

FHA finances improve markedly, but officials won’t cut premiums yet

The Federal Housing Administration's mortgage insurance fund now sits in a much better financial position, but officials say it's still not strong enough to make the premium cuts the industry wants.

By Bonnie Sinnock

November 14
Reverse mortgages

GAO calls for more scrutiny of reverse mortgage servicing

The Federal Housing Administration should monitor reverse mortgage servicers more closely and track related data that would shed light on a rise in defaults, according to a Government Accountability Office report.

By Bonnie Sinnock

September 26
Layoffs

Santander to cut 80 U.S. mortgage jobs as it exits TPO loan channel

Santander Bank's U.S. unit will be eliminating 80 mortgage-related positions as it withdraws from the third-party origination sales channel and refocuses on producing home loans through its branch network.

By Bonnie Sinnock

August 21
Underwriting

HUD to loosen restrictions on FHA insurance for condo loans

The Department of Housing and Urban Development will remove some barriers to government-insured condominium lending next month, including a post-crisis measure housing industry groups have long complained about.

By Bonnie Sinnock

August 14
Negative rates

Could there ever be negative long-term mortgage rates in the U.S.?

The potential for negative long-term mortgage rates is surfacing around the world, and with global tensions building in the U.S. market, there's a small but growing chance it could happen here, too.

By Bonnie Sinnock

August 8
GSEs

Government launches unified MBS platform for Fannie, Freddie

The consolidation of the two companies' securitization platforms into a single bond market became official on Monday.

By Bonnie Sinnock

June 3
Refinance

How acting Ginnie Mae chief is trying to get to the bottom of VA refis

Prepayments tied to repeated VA loan refinancing activity have had an adverse effect on Ginnie’s mortgage securities that persists despite countermeasures. The government bond issuer is making new plans to address the impact.

By Bonnie Sinnock

May 21