Forbes, Mar. 24, 2023–Jennifer CastensonThe lack of affordable housing options around the world is driving more interest in innovative concepts that can rethink design and process in ways that will …
Category: Top National News
CFPB Orders Portfolio Recovery Associates to Pay $24 Million
American Banker, Mar. 23, 2023–Kate Berry (subscription)Portfolio Recovery Associates, one of the largest debt collectors in the nation, has agreed to pay $12 million to consumers and a $12 million …
House Fails to Override Biden’s First Veto
The Hill, Mar. 23, 2023–Rachel Frazin, Mychael SchnellThe Republican-led House on Thursday failed to override President Biden’s first veto, falling short of the two-thirds majority needed to revive the resolution …
UWM, loanDepot Update Financing Arrangements
National Mortgage News, Mar. 23, 2023–Maria Volkova (subscription)LoanDepot offloaded its master repurchase agreement from recently embattled Credit Suisse to Atlas Securitized Products, which in 2022 bought a significant portion of …
Homebuyers Who Want a Low Rate Can Assume the Sellers’ FHA Mortgage
Orange County Register, Mar. 23, 2023–Jeff LazersonFHA mortgages have always been assumable to qualified buyers. But why take on an assumable FHA mortgage if a new mortgage is cheaper, and …
Second-Lien Lending Peaked in 3Q22 but Had Strong Full-Year Showing
Inside Mortgage Finance, Mar. 23, 2023–Originations of home-equity loans jumped a phenomenal 49.1% in 2022, but the market peaked in the third quarter and ended with a quarterly decline in …
Warehouse Lenders Facing Fallout from Industry Woes
HousingWire, Mar. 23, 2023–Bill ConroyThe ongoing tumult in the banking industry brought to light by the recent failures of Silicon Valley Bank and Signature Bank — the second and third …
U.S. 2nd Circuit Appeals Court Rules CFPB Constitutional
National Mortgage Professional, Mar. 23, 2023–David KrechevskyIn a ruling issued Thursday, a three-judge panel of the U.S. Court of Appeals for the Second Circuit ruled that the Consumer Financial Protection …
Average Long-Term U.S. Mortgage Rate Falls to 6.42% This Week
Associated Press, Mar. 23, 2023–Matt OttThe average long-term U.S. mortgage fell for the second straight week which, combined with moderating home prices, could give house hunters a break and the …
Which Were the Top Commercial/Multifamily Originators in 2022?
Mortgage Professional America, Mar. 23, 2023–Candyd MendozaMBA Wednesday released its annual origination volumes report of 148 commercial and multifamily mortgage firms, their 2022 volumes, and their roles in the industry.https://www.mpamag.com/us/specialty/commercial/which-were-the-top-commercialmultifamily-originators-in-2022/440544