ABC News, Feb. 10, 2023–Alexis Christorforous“Through the course of 2023, we expect mortgage rates to end the year closer to 5% rather than the 6% where they are today,” said …
Category: Top National News
Ex-Sprout CEO’s Originator’s Licenses Suspended
National Mortgage News, Feb. 9, 2023–Andrew Martinez (subscription)An Illinois regulator suspended the originator licenses of former Sprout Mortgage CEO Michael Strauss and his new company after they failed to address …
Banks Accelerate Layoffs, But for How Long?
American Banker, Feb. 9, 2023–Alissa Kline (subscription)Many of the job cuts have occurred in investment banking and mortgage lending, two lines of business that have been especially hard hit since …
Mortgage Lenders American Portfolio and Town Square Announce Merger Deal
HousingWire, Feb. 9, 2023–Flavia Furlan Nuneshttps://www.housingwire.com/articles/mortgage-lenders-american-portfolio-and-town-square-announce-merger-deal/
Age Is Just a Number—Except When You’re Applying for a Mortgage
Wall Street Journal, Feb. 9, 2023–Robyn A. Friedman (subscription)The process of getting a mortgage can be a challenging one for applicants of any age. But for older borrowers, those who …
Mortgage Credit Availability Dips In January
National Mortgage Professional, Feb. 9, 2023–Christine StuartMortgage credit availability fell slightly in January, according to the Mortgage Credit Availability Index released Thursday by the Mortgage Bankers Association.https://nationalmortgageprofessional.com/news/mortgage-credit-availability-dips-january
Hsieh’s Latest Revelation: I Was Fired by the loanDepot Board
Inside Mortgage Finance, Feb. 9, 2023–Paul MuoloIn a letter to his fellow loanDepot shareholders this week, company founder Anthony Hsieh — who controls 40% of the company — said his …
First-Time Homebuyer Pickle: Sparse Inventory, High Rates, Looming Recession
Orange County Register, Feb. 9, 2023–Jeff LazersonHomebuyers are in a jam with interest rates high and inventory low. A national housing survey said only 17% of respondents in January believed …
Mortgage Rates Inch Up While Mortgage Credit Availability Inches Down
ValueWalk, Feb. 9, 2023–Phil HallFreddie Mac reported the 30-year fixed-rate mortgage averaged 6.12% as of Feb. 9, up from last week when it averaged 6.09%; a year ago at this …
These 2 Maps Show the Inventory Situation in America’s 400 Largest Housing Markets
Fortune, Feb. 9, 2023–Lance LambertIf you want to understand where the housing market is headed, you should listen to both supply and demand.https://fortune.com/2023/02/09/housing-markets-400-largest-inventory-2023-home-prices-real-estate-maps-charts/