CNBC, Mar. 21, 2023–Jeff CoxIn remarks prepared for a speech to the American Bankers Association, the former Federal Reserve chair said authorities believe they have taken appropriate actions to stem …
Category: Top National News
Jessica Parrish, TVFCU Lender, Named Chattanooga Mortgage Banker Of The Year
Chattanoogan.com (Tenn.), Mar. 21, 2023The Chattanooga Mortgage Bankers Association, at their Annual Awards Banquet on March 17, named TVFCU mortgage originator Jessica Parrish as Chattanooga Mortgage Banker of the Year …
Independent Mortgage Banks Suffer through Horrid Fourth Quarter to End 2022
Scotsman Guide, Mar. 21, 2023–Arnie AurellanoThe fourth quarter of 2022 was not kind to independent mortgage banks and mortgage subsidiaries of chartered banks, which reported a net loss of $2,812 …
MISMO Taps Mortgage Banking Expert as President
Mortgage Professional America, Mar. 21, 2023–Candyd MendozaThe group tapped David Coleman, who brings over 25 years of industry experience, as its new leader. Coleman has served as an independent industry …
March Rent Report: 65% of U.S. Cities Fail the Affordability Test
WFMZ-TV, Pennsylvania, March 21, 2023–Anna Helhoski If you follow the rule of thumb that households should spend no more than 30% of gross income on rent, then most U.S. cities …
CBRE Changes Dallas HQ Plans With New Building Still on Hold
Real Estate Journals, March 21, 2023–Mia GoulartEarlier this month, CBRE announced plans to relocate its Dallas headquarters from 2100 McKinney Ave. to the building next door that once housed its …
Net Lease Tenant Credit Losses Expected to Rise This Year
GlobeSt.com, March 21, 2023–Erika MorphyNet lease landlords beware. Economic uncertainty, margin pressures and higher debt costs mean tenant credit bears watching, according to Spenser Allaway, Senior Analyst on Green Street’s …
Anxiety Strikes $8 Trillion Mortgage-Debt Market After SVB Collapse
Wall Street Journal, Mar. 21, 2023–Matt Wirz (subscription)So-called agency mortgage bonds are widely held by banks, insurers and bond funds because they are backed by the mortgage loans from government-owned …
Mortgage Giant Fannie Mae Tackles Climate Risk, But Changes to Underwriting May Take Several Years
CNBC, Mar. 20, 2023–Diana OlickThe mortgage giant’s chief climate officer, Tim Judge, says mortgage underwriting does not currently account for climate risk. So he is mounting a major effort — …
Guild CEO Mary Ann McGarry Announces Retirement
HousingWire, Mar. 20, 2023–Flávia Furlan NunesRetail lender Guild Mortgage announced Monday that Mary Ann McGarry is retiring from the CEO position in late June. Terry Schmidt, Guild’s current president, is …