National Mortgage News, Apr. 26, 2023–Bonnie Sinnock (subscription)Federal Housing Finance Agency Director Sandra Thompson sought to clarify in a statement issued late Tuesday that the government-sponsored enterprises’ latest mortgage fee …
Category: Top National News
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 …
The Housing Market Has Cooled, But It’s Not Frozen
New York Times, Apr. 26, 2023–Peter CoyThe mortgage handcuffs on homeowners are good for homebuilders. With fewer people selling, some people who might have bought an existing home from a …
Rushmore Reaches Definitive Agreement to Sell Residential Mortgage Servicing Platform to Mr. Cooper Group
Yahoo!Finance, Apr. 26, 2023Rushmore Loan Management Services LLC entered into a definitive agreement to sell its residential mortgage servicing platform, which includes 250,000 customers with a total of $37 billion …
More Single Women than Men Buy Homes. That Doesn’t Mean It’s Easy
Washington Post, Apr. 26, 2023–Courtney VinopalThe prevalence of single women in the market has not curtailed the biases that can hamper them at nearly every step of homeownership, from applying …
Is A New Housing Bubble Being Formed?
WRE News.com, Apr. 26, 2023–Phil HallIs there another housing bubble on the rise? A report from the Indiana University Kelley School of Business is predicting a brand-new housing bubble is …
U.S. Supreme Court to Hear ‘Home Equity Theft’ Case
National Mortgage News, Apr. 26, 2023–Andrew Martinez (subscription)Counsel in Tyler v. Hennepin County will argue whether the procedures violate a homeowner’s Fifth Amendment and Eighth Amendment rights in ensuring compensation …
Uncle Sam Targets Pay-to-Play
National Mortgage Professional, Apr. 26, 2023–Lew SichelmanNobody likes to be known as a snitch. But that’s what the small banks, credit unions and other lenders are when they complain to …
Midwest Cities Led WSJ/Realtor.com Housing Index in First Quarter
Wall Street Journal, Apr. 26, 2023–Nicole Friedman (subscription)Small cities in the Midwest topped The Wall Street Journal/Realtor.com Emerging Housing Markets Index in the first quarter, a sign that buyer demand …
High Mortgage Rates Have Convinced Some that Renting is Better
CBS News, Apr. 26, 2023–Nancy ChenOne survey shows that, on average, the monthly cost of owning a home is now about a thousand dollars more than renting.https://www.cbsnews.com/miami/video/high-mortgage-rates-have-convinced-some-that-renting-is-a-better-bet/