The Housing Scene (UExpress), Apr. 21, 2023–Lew SichelmanA study by the University of Nebraska-Lincoln’s Bureau of Business Research found that, nationwide, trees collectively add more than $31.5 billion of value …
Category: Top National News
Why is No One Buying Banks?
American Banker, Apr. 20, 2023–Ken McCarthy, Jim Dobbs (subscription)Increased regulatory scrutiny and fears of a recession are among the factors hampering bank acquisitions, whether the buyer is a credit union …
CFPB Data Breach Sends Shock Waves through the Financial Industry
National Mortgage News, Apr. 20, 2023–Kate Berry, Claire Williams (subscription)A data breach by an employee at the Consumer Financial Protection Bureau is sending shock waves through the financial services industry, …
Home Sellers Can Finance their Low-Rate Mortgage and Generate Income
Orange County Register, Apr. 20, 2023–Jeff LazersonA wraparound mortgage can yield 2% of the loan balance in addition to the home sales profit. (MBA mention)https://www.ocregister.com/2023/04/20/home-sellers-can-finance-their-low-rate-mortgage-and-generate-income/
Can’t Find a Home to Buy? It’s Going to Get Much Worse
Bloomberg, Apr. 20, 2023–Conor SenJittery homebuilders aren’t ramping up construction fast enough to ease what’s already a severe housing shortage.https://www.bloomberg.com/opinion/articles/2023-04-20/us-housing-market-inventory-shortages-will-get-worse?leadSource=uverify%20wall
Trigger Lead Legislation Renews Debate Over Consumer Choice
National Mortgage Professional, Apr. 20, 2023–Erica DrzewieckiOrganizations that represent mortgage brokers are applauding the introduction of a new piece of federal legislation to outlaw the practice of trigger leads, while …
MBA Shaves Forecast for Purchase Mortgages
Credit Union Times, Apr. 20, 2023–Jim DuPlessisThe Mortgage Bankers Association expects slower purchase mortgage volume in the second half of this year and during next year’s peak selling months as …
5.5% May be a Magic Number for Mortgage Rates
CNN, Apr. 20, 2023–Anna BahneyA new study shows that 5.5% may be the magic mortgage rate that gets things moving in the housing market.https://www.cnn.com/2023/04/20/homes/mortgage-rate-tipping-point/index.html
Slight Increase in Share for Private MIs in First Quarter
Inside Mortgage Finance, Apr. 20, 2023–Namrata BhatiaThe share of purchase mortgages with private MI increased slightly in the first quarter of 2023, according to a new analysis by Inside Mortgage …
California Median Home Price Up for First Time in Seven Months
WRE News.com, Apr. 19, 2023–Phil HallCalifornia’s statewide median home price recorded its first month-to-month increase in seven months, according to new data from the California Association of Realtors.https://wrenews.com/california-median-home-price-up-for-first-time-in-seven-months/