Multi-Housing News, Apr. 17, 2023–Lew SichelmanThe for-sale housing sector often speaks about the so-called “missing middle,” that segment of the market that nobody seems to satisfy. But the multifamily wing …
Category: Top National News
Are Federal Home Loan Bank Advances a Sign of Distress?
American Banker, Apr. 17, 2023–Kate Berry (subscription)The Federal Home Loan Bank System has played an outsized role in shoring up the balance sheets of hundreds of banks this year, including …
MISMO Proposes Working Group to Develop Digital HELOC Standardization
National Mortgage News, Apr. 17, 2023–Spencer Lee (subscription)The Mortgage Industry Standards Maintenance Organization issued a request last week for participants in a new development workgroup to help devise procedures for …
Wells Fargo Reveals $50 Billion Servicing Sale as Market Revives
National Mortgage News, Apr. 17, 2023–Bonnie Sinnock (subscription)Wells Fargo successfully marketed a $50 billion portfolio of rights from loans it serviced for others in the first quarter. That deal, combined …
Rockefeller Center Strikes Deal for Luxury Hotel by Aspen Hospitality
Wall Street Journal, Apr. 17, 2023–Kate King (subscription)Rockefeller Center is preparing to open its first hotel, the latest sign that Midtown Manhattan’s largest office landlords are leaning into hospitality and …
Fiscal Crisis Nears as McCarthy Takes Debt Ceiling Plan to Wall Street
Washington Post, Apr. 17, 2023–Tony RommHouse Speaker Kevin McCarthy proclaimed Monday that Republicans would not allow the government to default on its debts, even as he labored to sell Wall …
‘Fraught with Inaccuracies:’ Schwab Pushes Back on Post-SVB Concerns
American Banker, Apr. 17, 2023–Polo Rocha (subscription)Charles Schwab CEO Walt Bettinger delivered forceful pushback on Monday against what he called short seller-fueled speculation about the company following Silicon Valley Bank’s …
US Women Make As Much Or More Than Men
Bloomberg, Apr. 17, 2023Nearly one-third of wives earn roughly the same amount as their husbands, according to a report released by Pew Research Center. That’s a record-high, and a threefold …
New American Funding Enters the Joint Ventures Space
HousingWire, Apr. 17, 2023–Connie KimUnder the JV model, partners will have access to NAF’s infrastructure and mortgage originating process. It will allow the company to mitigate the risk associated with …
Judge Allows Refi Lawsuit Vs. Rocket Mortgage To Move Ahead
National Mortgage Professional, Apr. 17, 2023–David KrechevskyThe lawsuit was filed in October 2022 by two couples who own a property in North Carolina. They claim Rocket fraudulently rejected their application …