CNBC, Apr. 19, 2023–Diana OlickMortgage applications to purchase a home dropped 10% from the week before, according to the Mortgage Bankers Association’s seasonally adjusted index. Buyer demand was 36% lower …
Category: Top National News
Analysis: Banking Crisis Scars Struggling U.S. Real Estate Stocks
Reuters, Apr. 19, 2023–Lewis KrauskopfU.S. real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector already …
Better.com Will Take Beeline to Trial in Trades Secret Suit
National Mortgage News, Apr. 19, 2023–Andrew Martinez (subscription)Better.com claims Beeline Loans stole and used confidential information obtained from a former marketing analyst who switched jobs between the firms in 2020. …
6 Stories on Mortgage Tech that Could Influence Your Digital Strategy
National Mortgage News, Apr. 19, 2023–Courtney Hoff (subscription)The mortgage industry has endured a difficult couple of years following record volumes in 2021 and consequently investment in new technology has been …
NYC Is World’s Wealthiest City, Bay Area Boasts Most Billionaires
Bloomberg, Apr. 18, 2023–Kevin VarleyNew York again topped the list of the world’s wealthiest cities, boasting some 340,000 millionaires last year, according to investment migration firm Henley & Partners. That …
Biggest US Banks Wrote Off $3.4 Billion in Bad Consumer Loans
Bloomberg, Apr. 18, 2023–Jennifer SuraneThe four biggest US lenders wrote off a combined $3.4 billion in bad consumer loans in the first three months of 2023, a 73% increase from …
Real Estate Wire Fraud Attempts are on the Rise
National Mortgage News, Apr. 18, 2023–Brad Finkelstein (subscription)Nearly three-quarters of the 2022 requests for help from wire fraud protection company CertifID came from consumers, primarily resulting from real estate-related scams.https://www.nationalmortgagenews.com/news/real-estate-wire-fraud-attempts-are-on-the-rise
Mortgage Applications To Buy New Homes Rose 0.6% In March
National Mortgage Professional, Apr. 18, 2023–David KrechevskyMortgage applications for new home purchases increased 0.6% in March from a year earlier, the Mortgage Bankers Association said Tuesday.https://nationalmortgageprofessional.com/news/mortgage-applications-buy-new-homes-rose-06-march
Mortgage Complaints to CFPB Up Sharply in Early 2023
Inside Mortgage Finance, Apr. 18, 2023–Andras MalatinszkyComplaints submitted to the Consumer Financial Protection Bureau regarding mortgages reversed course in the first quarter, according to a new ranking and analysis by …
Mortgage Performance Improves as COVID-19 Emergency Ends
Mortgage Professional America, Apr. 18, 2023–Candyd MendozaMortgage performance remained strong, with the overall forbearance rate dropping five basis points in March, according to the Mortgage Bankers Association.https://www.mpamag.com/us/mortgage-industry/market-updates/mortgage-performance-improves-as-covid-19-national-emergency-ends/443058