National Mortgage News, Mar. 10, 2023–Bonnie Sinnock (subscription)Estimates for the number of people on mortgage banker and broker payrolls fell to 350.200 during January from a downwardly revised 353,500 a …
Category: Top National News
Opinion: How the Fed’s 2008 Mortgage Experiment Fueled Today’s Housing Crisis
The Hill, Mar. 10, 2023–Paul H. Kupiec, Alex J. PollockThe authors assert the Fed’s decision to invest trillions of dollars in MBS has helped to push the cost of home …
Guild Reports Improved Profits for 2022, Affirms Appetite for M&As
HousingWire, Mar. 10, 2023–Connie KimCalifornia-based lender Guild Mortgage posted a higher profit in 2022 thanks to its increased purchase mortgage market share — and now has its eyes set on …
The Mortgage Layoff Total for January: 5,000
Inside Mortgage Finance, Mar. 10, 2023–Paul MuoloCompanies characterized as “real estate credit” (essentially mortgage bankers) ended January with a headcount of 234,400 full-timers, down 1,600 positions from the month prior.https://www.insidemortgagefinance.com/articles/227231-the-mortgage-layoff-total-for-january-5-000?v=preview
Have Interest Rate Hikes, Downturn Fears Put a Dent in Foreign Investors’ Love for U.S. Real Estate?
Wealth Management Real Estate, March 10, 2023–Elaine MisonzhnikIn spite of the disruption the U.S. commercial real estate market has faced over the past several years, cross-border investors continued to view …
Coworking Space’s Popularity Continues to Rise
GlobeSt.com, March 10, 2023–Richard BergerCoworking spaces are no longer just for urban settings, according to a new report from CoworkingCafé.https://www.globest.com/2023/03/10/coworking-spaces-popularity-continues-to-rise/?
Some MLSs Are Slow To Adapt
The Housing Scene (UExpress), Mar. 10, 2023–Lew SichelmanWhether old-fashioned or tech-savvy, some agents are being held back from the best, newest versions of their greatest tool: their local multiple listing …
Retailers Are Following Workers Out of City Centers
GlobeSt.com, March 9, 2023–Jack RogersCity economies already coping with a post-pandemic reality of downtowns full of obsolete older office buildings now are facing a migration of major retail brands, who …
How Seniors Can Tap their Home’s Equity in Tough Times
Orange County Register, Mar. 9, 2023–Jeff LazersonThere are three important points seniors should consider before extracting home equity.First, seniors considering a loan against their home should note that lenders cannot …
FTC Votes to Block ICE-Black Knight Deal, Citing Higher Prices for Home Buyers
National Mortgage News, Mar. 9, 2023–Leah Nylen (subscription)The FTC said the deal would give ICE and Black Knight a significant position in the market for loan origination software, which lenders …