Bloomberg News, Sept. 13, 2024-Michael Sasso and Prashant GopalThe U.S. housing market just had its worst spring selling season in a dozen years.Click here for more (subscription)
Category: Top National News
Why Mr. Cooper ‘Sidelined’ its MSR Activity
National Mortgage News, Sept. 12, 2024–Bonnie SinnockMr. Cooper, an influential publicly traded nonbank that made a significant purchase in the mortgage servicing rights market this year, acknowledged a temporary pullback …
What the Fed’s Inflation Fight Means for Investors, Home Buyers and Savers
BuySide from WSJ, Sept. 11, 2024-Tanza LoudenbackFor nearly two years, the Federal Reserve has been aggressively fighting inflation. And whether you’re a borrower, saver or investor, that fight continues to …
Mortgage Rates Hit 19-Month Low
The Wall Street Journal, Sept. 12, 2024-Gina HeebMortgage rates fell to the lowest level since early 2023. The average rate on the standard 30-year fixed mortgage fell to 6.20% from …
U.S. Household Wealth Rises in Q2 to Record $163.8 Trln
Reuters, Sept. 12, 2024U.S. household wealth rose last quarter to $163.8 trillion, a fresh record, driven by gains in real estate values as well as a rise in the stock …
Rent, Utilities Rose Faster Than Home Values for First Time in a Decade
The Washington Post, Sept. 12, 2024-Rachel SiegelThe cost of rent and utilities in 2023 rose faster than home values for the first time in a decade, the latest sign that …
Mortgage Bankers Back Basel III Endgame Re-proposal
National Mortgage News, Sept. 10, 2024-Bonnie SinnockThe housing finance industry is breathing a little easier following Federal Reserve Vice Chair Michael Barr’s plans to ease up on some proposed bank …
Housing Is the Main Inflation Problem
Axios, Sept. 11, 2024-Courtenay BrownThe war on inflation is mostly won — with one big exception. Without hot housing prices, the Consumer Price Index would look even better.Click here for …
MBA Pushes for Changes to Mortgage Servicing Rules as Credit Access Expands
MPA, Sept. 11, 2024-Candyd MendozaThe Mortgage Bankers Association (MBA) is advocating for key changes to mortgage servicing rules under Regulation X, urging the Consumer Financial Protection Bureau (CFPB) to simplify …
‘Stubborn Supply Gap’ Driving Home Prices: Mortgage Bankers CEO
Yahoo! Finance, Sept. 11, 2024-Brad SmithThe US Bureau of Labor Statistics released the Consumer Price Index (CPI) report for August, which highlighted the persistent nature of shelter cost inflation, which …