National Mortgage News, Feb. 13, 2023–Kate Berry (subscription)For the first time since launching a review last year of the 11 Home Loan banks, Thompson described the path forward for the …
Category: Top National News
Blackstone’s Big New Idea Leaves It Bruised
Wall Street Journal, Feb. 12, 2023–Miriam Gottfried, Peter Grant, Rebecca Feng (subscription)The private-equity giant built a new customer pool of small investors with its Breit real-estate fund, but the market …
GSE CRT Issuance Ends 2022 with a Thud
Inside Mortgage Finance, Feb. 13, 2023–Dennis HollierThe government-sponsored enterprises didn’t issue any traditional credit-risk transfer transactions during the fourth quarter of 2022. Reinsurance activity also plummeted at the two mortgage …
Remote Work Is Costing Manhattan More Than $12 Billion a Year
Bloomberg, Feb. 13, 2023–Emma Court, Donna BorakThree years into the pandemic, business leaders and city officials around the world are still trying just about everything to lure employees back into …
Redwood Trust Experiences $44 Million Loss, Downsizes Workforce
Mortgage Professoinal America, Feb. 13, 2023–Candyd MendozaThe REIT recorded a $44 million loss in Q4 in its jumbo aggregation segment, reflecting the ongoing effects of interest rate volatility. In response …
Mortgage Lock Volume Rises for First Time in Nine Months
National Mortgage News, Feb. 13–Brad Finkelstein (subscription)January’s mortgage rate lock activity increased nearly 32% from December, the first increase in nine months, as interest rates continued to inch back down …
Buydowns Vs Price Cuts: We Have A Winner
National Mortgage Professional, Feb. 13, 2023–Lew SichelmanHome builders are using the hell out of mortgage rate buydowns to bring would-be buyers to the table. Individual sellers, not so much.https://nationalmortgageprofessional.com/news/buydowns-vs-price-cuts-we-have-winner
Inflation Is Falling, and Where It Lands Depends on These Three Things
Wall Street Journal, Feb. 13, 2023–Gwynn Guilford (subscription)The end of distressingly high inflation is coming into view. Consumer prices gained 6.5% in December, down from June’s 9.1% annual rate, the …
Blackstone’s Big New Idea Leaves It Bruised
Wall Street Journal, Feb. 12, 2023–Miriam Gottfried, Peter Grant, Rebecca Feng (subscription)The private-equity giant built a new customer pool of small investors with its Breit real-estate fund, but the market …