The Hill, May 13, 2023–Adam BarnesHomebuyers and renters alike could feel relief later this year as home prices stabilize, mortgage rates decline and rent price growth continues to slow.https://thehill.com/business/4002265-fed-hikes-and-default-fears-heres-what-could-be-next-for-the-housing-market/
Category: Top National News
Biden Announces Two Historic Nominations to Fed Board
Washington Post, May 12, 2023–Rachel SiegelThe White House would elevate Philip Jefferson, who became a Fed governor last year, to the No. 2 role. Biden also nominated Adriana D. Kugler, …
Why Pre-Pandemic Fraud Risk is Making a Comeback
American Banker, May 12, 2023–Kate Fitzgerald (subscription)Fraudsters found low-hanging fruit during the pandemic by exploiting the rush to digital payments and remote work, but as those channels become more fortified …
Global Home Decor Market Forecasted to Reach $949 Billion by 2032
WRE News.com, May 12, 2023–Phil HallThe global home decor market is expected to expand from $672.2 billion as of 2022 to $949 billion by 2032, a 3.6% CAGR, according to …
Mortgage Delinquency Rate at Second-Lowest Point Since 1979
MortgageOrb, May 12, 2023–Michael BatesThe delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56 percent of all loans outstanding at the end …
CFPB Makes Its Constitutionality Case to the Supreme Court
HousingWire, May 12, 2023–Chris ClowThe brief filed by the CFPB argues that despite a recent Fifth Circuit ruling, the Bureau does not violate the U.S. Constitution.https://www.housingwire.com/articles/cfpb-makes-its-constitutionality-case-to-the-supreme-court/
Using New Mortgage Tech ‘Nearly Impossible’ for Many, Exec Says
National Mortgage News, May 12, 2023–Spencer Lee (subscription)The tools are there to create a faster mortgage process, but fear of noncompliance and reliance on old habits still prevail, industry technology …
Former Live Well CFO Avoids Prison
National Mortgage Professional, May 12, 2023–David KrechevskyEric Rohr, the former chief financial officer of defunct Live Well Financial Inc., was sentenced Thursday to time served, plus three years of supervised …
GSE CRT Issuance Rebounds in First Quarter
Inside Mortgage Finance, May 12, 2023–Dennis HollierThe government-sponsored enterprises issued a combined $2.05 billion in credit-risk transfer debt in the first quarter of 2023, after a pin-drop silence in the …
Loan Pricing Tilt Explained
The Housing Scene, May 12, 2023–Lew SichelmanNo one should deny anyone an equal shot at the American dream. A leg up may even be warranted. But should people who have …