Mortgage Professional America, Apr. 6, 2023–Matthew SellersWeekly jobless claims in the US have increased significantly to 228,000, a larger than expected jump, with the prior week’s claims also revised up …
Category: Top National News
Judge Allows Caliber Poaching Lawsuit vs. CrossCountry To Continue
National Mortgage Professional, Apr. 6, 2023–David KrechevskyA federal district court judge in Seattle will allow Caliber Home Loans to continue with its poaching lawsuit against CrossCountry Mortgage), rejecting CCM’s motion …
Latest Fed Increase Came Down to the Wire. ‘That Was a Rough Weekend’
Wall Street Journal, Apr. 6, 2023–Nick Timiraos (subscription)Federal Reserve Chair Jerome Powell and his colleagues faced their closest call on interest rates in years. It wasn’t until the clock was …
MBA Asks CFPB to Withdraw Proposed Nonbank Registry Rule
HousingWire, Apr. 6, 2023–Chris ClowThe Mortgage Bankers Association and state-affiliated regulator associations are asking the Consumer Financial Protection Bureau (CFPB) to withdraw a proposed rule requiring nonbank financial services providers …
A Hidden Time Bomb? A ‘Big Short’ Investor Sees Financial Disaster Brewing in Housing Markets
CNBC, Apr. 6, 2023–Sam MeredithDave Burt, CEO of investment research firm DeltaTerra Capital, was one of the few skeptics who recognized the housing market was on the brink of collapse …
Mortgage Rates Fall, But Low Inventory Haunts Would-be Homebuyers
Fox Business, Apr. 6, 2023Mortgage rates continue to trend down entering the traditional spring homebuying season, but people in the market face several challenges including the low inventory of homes …
FDIC to Sell MBS Holdings of Failed Banks
Inside Mortgage Finance, Apr. 6, 2023–Brandon Ivey (subscription)The FDIC plans to sell $114 billion of mortgage-backed securities held by Silicon Valley Bank and Signature Bank.https://www.insidemortgagefinance.com/articles/227461-fdic-to-sell-mbs-holdings-of-failed-banks?
MBA Chairman Matt Rocco on How the Rapidly Changing Market Influences Banks
HousingWire, Apr. 6, 2023–Clayton CollinsThis week’s episode follows the Mortgage Bankers Association’s Technology Solutions Conference, so we couldn’t think of a more appropriate time to drop Clayton Collin’s interview with …
Housing Developers Find Their Next Big Opportunity at Golf Courses
Crain’s Detroit Business, Apr. 6, 2023–Rachel Watson (subscription)Developers across western Michigan are seizing a prime opportunity to turn the region’s abundance of golf courses into badly needed housing.https://www.crainsdetroit.com/real-estate/housing-developers-find-next-big-opportunity-golf-courses
How Federal Housing Agencies are Utilizing Emerging Technologies
HousingWire, Apr. 5, 2023–Connie KimAchieving digital optimization is a main priority for federal housing agencies, and it’s happening at a time when incorporating technology is becoming a crucial part of …