National Mortgage News, Feb. 17, 2023–Andrew Martinez (subscription)Sliding mortgage rates at the beginning of the year drove applications for new home purchases in January up 42% from the prior month, …
Category: Top National News
Delinquency Rate for Mortgage Loans on the Rise–MBA
Mortgage Professional America, Feb. 17, 2023–Candyd MendozaThe delinquency rates for loans on residential properties increased at the end of 2022 amid economic headwinds and inflationary pressures, the Mortgage Bankers Association …
MSR Sales Reshuffle Top GSE Servicer Rankings
Inside Mortgage Finance, Feb. 17, 2023–Dennis HollierFannie Mae and Freddie Mac combined to purchase just $1.179 trillion in mortgage loans in 2022, a 55.2% drop from 2021. Even so, nonbank …
Odd Lots: Green, Red, Green
The Housing Scene (UExpress), Feb. 17, 2023–Lew SichelmanThe shift toward all-electric living is underway. But if you are a buyer in today’s new home market, how do you navigate the …
Mortgage Balances Increased by Nearly $1 Trillion Last Year
National Mortgage News, Feb. 16, 2023–Spencer Lee (subscription)U.S. mortgage balances increased by almost $1 trillion in 2022, even as new originations slowed considerably throughout the year, according to the Federal …
Want to Buy a House–in a Year? Here’s Your Financial Checklist
Orange County Register, Feb. 16, 2023–Jeff Lazerson“Tanking” perfectly describes the earliest months of 2023’s homebuying season. Homebuyer confidence is the lowest I’ve ever experienced in my 35-year mortgage originator career. …
Americans Moving From Colder Climes Face New Weather Extremes: 100 Degree Temps and Drought
Wall Street Journal, Feb. 16, 2023–Cecilie Rohwedder (subscription)Intense heat and water scarcity are now major design considerations for those building homes in desert locales.https://www.wsj.com/articles/homes-designed-for-extreme-heat-4a60426a?mod=hp_listc_pos1
Mortgage Rates Inch Closer to 7% in the Midst of a Strong Economy
HousingWire, Feb. 16, 2023–Flávia Furlan NunesEconomic data indicating that the U.S. economy has remained resilient despite the Federal Reserve‘s tightening monetary policy led to a substantial increase in mortgage rates …
Non-Agency MBS Servicing Lead Widens for Shellpoint
Inside Mortgage Finance, Feb. 16, 2023–Brandon IveyShellpoint Mortgage Servicing boosted its role as the leading servicer of loans in non-agency mortgage-backed securities late last year, widening the gap between it …
By Adding Apartments, Malls Seek To Bring Shopping Closer to Home
New York Times, Feb. 16, 2023 (subscription)Facing an existential crisis over empty space, owners are trying to fill malls with residences, building on the live-work-play model sought by young adults.https://www.nytimes.com/2023/02/16/business/shopping-malls-residences.html