Wall Street Journal, Mar. 8, 2023–Telis Demos (subscription)Home-loan originators are facing a tough environment, but some players could be seeing better profitability on mortgages.https://www.wsj.com/articles/theres-a-silver-lining-for-mortgage-companies-in-a-bleak-market-8f29629c?mod=business_minor_pos10
Category: Top National News
Why Self Storage Is The Exception to the Rule
Multi-Housing News, Mar, 8, 2023–Tom DaoComing out of this year’s annual 2023 Mortgage Bankers Association Commercial Real Estate Finance conference in February, it is now clearly seen as one of …
Mortgage Demand Recovers Despite Rising Interest Rates
CNBC, Mar. 8, 2023–Diana OlickAfter dropping to a 28-year low the previous week, mortgage demand recovered slightly, even though interest rates marched higher. Total mortgage application volume rose 7.4% last …
How Many Servicing-Related Bills Are Out There? About 500
Inside Mortgage Finance, Mar. 9, 2023–Sam ManasState lawmakers from coast to coast are working on a plethora of bills aimed at the business of servicing residential loans, according to a …
Women’s Return to the Workforce Piles Momentum on a Hot Economy
Wall Street Journal, Mar. 8, 2023–Sarah Chaney Cambon, Laura Weber (subscription)Women have gained more jobs than men for four straight months, including in January’s hiring surge, pushing them to hold …
FHA to Greenlight Standalone 40-Year Modification
National Mortgage News, Mar. 7, 2023–Bonnie Sinnock (subscription)Under the policy change, which follows a public notice and comment period last year, borrowers will be able to get a so-called stand-alone …
Where Are the Women in Investment Sales?
Commercial Observer, March 7, 2023–David LevittWomen in commercial real estate, especially in New York, have made great strides, but in one niche of the industry they are in danger of …
Commercial Real Estate Has a ‘Shock Coming’ as Return-to-Office Plans Fall Short, CEO Says
CNBC, March 7, 2023–Hannah Ward-GlentonThere’s a shock coming for the commercial real estate industry, but the opportunities ahead are huge, according to Mark Dixon, CEO of flexible office company IWG.https://www.cnbc.com/2023/03/07/iwg-ceo-says-commercial-real-estate-has-a-shock-coming.html
Ohio Bank Paying $9M To Settle Redlining Complaint
National Mortgage Professional, Mar. 7, 2023–Keith GriffinIn the settlement, the DOJ said PNB, headquartered in Newark, Ohio, relied on its branch network, mortgage lenders concentrated in majority-white neighborhoods, and internal …
Jerome Powell Says Fed Is Prepared to Speed Up Interest-Rate Rises
Wall Street Journal, Mar. 7, 2023–Nick Timiraos (subscription)Federal Reserve Chair Jerome Powell opened the door to a larger half-point interest-rate increase this month and said officials are likely to lift …