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 …
Category: Top National News
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 …
Despite Cuts, loanDepot Posts 3rd Straight Quarterly Loss
National Mortgage Professional, Mar. 9, 2023–David KrechevskyDespite significantly reducing expenses, exiting the wholesale channel, and cutting thousands of jobs, loanDepot Inc. on Wednesday reported losses for both the fourth quarter …
The Future Of Mortgage Lending: How AI And Humans Can Coexist
Forbes, Mar. 9, 2023–Alex Hansonhe mortgage lending industry is undergoing a major transformation due to technologies such as artificial intelligence and machine learning. While AI has the potential to greatly …
MBA Reveals Commercial/Multifamily Performance in Q4
Mortgage Professional America, Mar. 9, 2023–Candyd MendozaCommercial/multifamily delinquencies for five of the largest investor groups (commercial banks and thrifts, commercial mortgage-backed securities [CMBS], life insurance companies, Fannie Mae and Freddie …
Mortgage Rates Rise for the Fifth Straight Week
CNN, Mar. 9, 2023–Anna BahneyMortgage rates edged further toward 7%, rising for the fifth consecutive week, as the Federal Reserve suggests rate increases will continue amid stubborn inflation. While applications …
Breaking Down Biden’s Budget: Here’s What’s in It
The Hill, Mar. 9, 2023–Aris Folley, Alex GangitanoThe request details a set of ambitious proposals from the White House, ranging from plans to extend the lifetime of programs like Medicare, …
Jumbo Lending Slammed in 4Q, Agency and Non-Agency Alike…
Inside Mortgage Finance, Mar. 9, 2023–John BancroftNon-agency jumbo originations fell 36.4% from the third quarter to an estimated $56 billion in the fourth. Non-agency jumbo remains a stronghold for federally …