National Mortgage News, Apr. 27, 2023–Allissa Kline (subscription)More than 80 community development and fair-lending groups are calling on federal regulators to investigate KeyBank’s mortgage lending practices for alleged redlining.https://www.nationalmortgagenews.com/news/community-groups-seek-investigation-of-keybank-for-alleged-redlining?
Category: Top National News
Homebuying Still Has an ‘Emotional Component’ as Mortgage Rates Rise: MBA CEO
Yahoo!Finance, Apr. 27, 2023 (VIDEO)Mortgage Bankers Association CEO and President Bob Broeksmit joins Yahoo Finance Live to discuss March pending home sales data, homebuyer trends, and new mortgage fee rules.https://finance.yahoo.com/video/homebuying-still-emotional-component-mortgage-194837130.html
Texas Bankers Sue CFPB over Small Business Lending Data Rule
American Banker, Apr. 27, 2023–Kyle Campbell (subscription)The Texas Bankers Association filed suit against the CFPB in the U.S. District Court for the Southern District of Texas on Wednesday. The lawsuit …
The Last Big Empty Waterfront Site in Downtown Miami Is Sold for $1.2 Billion
Bloomberg, Apr. 27, 2023–Felipe MarquesThe largest undeveloped waterfront parcel in downtown Miami, once pitched as a site for possible casino, was sold to a local real estate owner for roughly …
Black Knight, ICE Argue FTC’s Structure is Unconstitutional
National Mortgage News, Apr. 27, 2023–Brad Finkelstein (subscription)In separate pleadings, Black Knight and Intercontinental Exchange asked a federal court judge to declare the Federal Trade Commission’s structure unconstitutional.https://www.nationalmortgagenews.com/news/black-knight-ice-argue-ftcs-structure-is-unconstitutional
Mortgage Rates Tick Up for Second Week in a Row
CNN, Apr. 27, 2023–Anna BahneyThe 30-year fixed-rate mortgage averaged 6.43% in the week ending April 27, up slightly from 6.39% the week before, according to data from Freddie Mac released …
NYSE Stops Trading of Impac Mortgage’s Stock
Inside Mortgage Finance, Apr. 27, 2023–Brandon IveyThe administrator of the New York Stock Exchange suspended trading of Impac Mortgage’s stock Wednesday and plans to delist the stock from the exchange.https://www.insidemortgagefinance.com/articles/227659-nyse-stops-trading-of-impac-mortgages-stock?v=preview
Median Mortgage Application Payment Rose In March
National Mortgage Professional, Apr. 27, 2023–David KrechevskyBuying a home became a little more expensive in March as mortgage rates rose and housing inventory remained low, the Mortgage Bankers Association said …
Lenders’ Homeowner Hardship Care During Pandemic Shapes Permanent Policy
HousingWire, Apr. 27, 2023–Perry HilzendegerAs the Mortgage Bankers Association (MBA) noted in its recent white paper, the current high-interest-rate environment poses additional challenges that require further policy reform and expansion …
Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers
Wall Street Journal, Apr. 27,2023–Peter Grant, Jim Carlton (subscription)350 California Street was worth $300 million four years ago. It might sell for 80% less now, brokers say, in a market …