Washington Post, May 21, 2024–Drew GoinsHere’s a wonky bit of housing policy: A huge swath of the American public is held back from homeownership by five words — “built on …
Category: Top National News
Optimal Blue CEO Scott Smith on Competition in the Secondary Market
HousingWire podcast, May 21, 2024–Sarah WheelerHousingWire Editor in Chief Sarah Wheeler talks with Scott Smith, interim CEO at Optimal Blue, to talk about what he’s seeing at the MBA Secondary …
Are Second Mortgages About to Make a Comeback? Freddie Mac Has a New Proposal
MoneyWise, May 22, 2024–Chris ClarkIn a landscape of fluctuating interest rates and economic uncertainty, homeowners are often on the hunt for financial flexibility. Their options include a second mortgage, which …
FHA Greenlights Higher Fee for Assumptions
National Mortgage News, May 20, 2024–Bonnie SinnockThe Federal Housing Administration on Monday markedly increased what lenders can charge when a new borrower assumes a loan.Click here for more (subscription)
Real-Estate Downsizing Finally Comes for Your Pharmacy
The Wall Street Journal, May 21, 2024-Kate KingNational drugstore chains, once resistant to the retail apocalypse that swept across the U.S., are finally succumbing to competition from online shopping and …
Mortgage Forbearance Rates Flatline in Early 2024 – MBA
MPA, May 21, 2024The number of homeowners seeking relief through mortgage forbearance programs has remained stagnant for the first four months of 2024, according to the latest data from the …
How Some Homebuyers Are Snagging Rare, Sub-4% Mortgages
Axios, May 21, 2024-Emily PeckHomebuyers typically covet amenities like walk-in closets or cold-plunge pools — but the latest hot thing in the housing market is the old-school sub-4% mortgage.Click here …
Patty Arvielo Is Living Her Family’s American Dream as a Top Mortgage CEO
NewsLink, May 21, 2024–Lauren GiellaPatty Arvielo has become her family’s American dream. As a first-generation Hispanic, she grew up cleaning real estate offices with her mother, an immigrant from Mexico, …
Chopra: Credit Reporting Industry’s Fee Hikes “Raise Big Questions”
HousingWire, May 21, 2024–James KleimannCFPB head Rohit Chopra took to the stage at MBA Secondary to say that credit reporting agencies and FICO are ripping off consumers and lenders.Click here …
Housing Affordability To Improve In These Metros With Lower Mortgage Rates
Benzinga, May 17, 2024–AJ FabinoA joint report issued by Realtor.com and the National Association of Realtors suggests that certain metropolitan areas could see significant improvements in affordability if mortgage rates …