National Mortgage News, May 17, 2023–Andrew Martinez (subscription)United Wholesale Mortgage is attempting to arrange a settlement with the National Labor Relations Board ahead of a July hearing, according to case …
Category: Top National News
MBA, NAHB, NAR Warn Supreme Court Of Chaos If CFPB Ruled Unconstitutional
National Mortgage Professional, May 17, 2023–David KrechevskyIn an amicus brief filed Monday, the Mortgage Bankers Association, the National Association of Home Builders and the National Association of Realtors highlight “the …
Mortgage Demand Drops as Interest Rates Hit a 2-Month High
CNBC, May 17, 2023–Diana OlickHigher mortgage rates and a severe shortage of homes for sale are taking their toll on mortgage demand. Mortgage applications to purchase a home dropped 4.8% …
Fraud Scheme Ends in Conviction of California Mortgage ‘President’
National Mortgage News, May 16, 2023–Spencer Lee (subscription)Robert Sedlar, former president of Grand View Financial, was found guilty in state Superior Court in Sacramento, California, on counts that included conspiracy, …
Retail Sales Rise Less than Expected in April after Falling in March
United Press International, May 16, 2023–Clyde HughesRetail sales increased in April, beating figures in March but still fell short of what Wall Street anticipated, the Commerce Department said in its …
U.S. Bank Regulators Vow Tougher Rules, Oversight After Bank Failures
Reuters, May 16, 2023–Pete Schroeder, Ann SaphirFed Vice Chair for Supervision Michael Barr said the agency was “carefully considering” rule changes for larger regional banks of over $100 billion in …
Americans Have Never Been So Unwilling to Relocate for a New Job
Bloomberg, May 16, 2023–Alexandre TanziCan’t move, won’t move. That’s increasingly the approach of Americans who are in the market for a new job. The share of job seekers who relocated …
Report: Academy Mortgage Targeted By Ransomware Group
National Mortgage Professional, May 16, 2023–David KrechevskyAcademy Mortgage, a Utah-based independent mortgage lender with branch offices in 38 states, has been targeted by a ransomware group that has published some …
Rise in Distressed Sales Signals New Chapter for Beleaguered Office Market
Wall Street Journal, May 16, 2023–Peter Grant (subscription)Property owners are starting to unload troubled office buildings at fire-sale prices, a sign that the office market slump is moving into a …
Majority of Americans Aren’t Sold on Mortgages — What’s Not To Love?
Yahoo!Finance, May 16, 2023–Jennifer TaylorWhen asked their level of agreement with the statement, “Mortgage is the best solution when buying a home,” 44% of Americans were neutral and 14% disagreed, …