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 …
Category: Top National News
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/
More Building Won’t Make Housing Affordable
The New Republic, Feb. 9, 2023–Michael FriedrichAmerica’s housing crisis has reached unfathomable proportions. But new construction isn’t enough to solve it.https://newrepublic.com/article/170480/building-wont-make-housing-affordable-gentrification-book-review
The Most Empty Downtown in America
New York Times The Daily podcast, Feb. 9, 2023–Michael BarbaroFor the past decade, San Francisco has worked hard to turn its downtown into a vibrant hub, providing a model that …
JPMorgan Lays Off Hundreds of Mortgage Employees
Reuters, Feb. 8, 2023–Saeed Azhar, Jose JosephPMorgan Chase & Co has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the company …
Here’s Where Millennials Are, And Aren’t, Buying Homes: Study
New York Post, Feb. 8, 2023–Joyce CohenA new report by mortgage marketplace LendingTree examines mortgage offers made last year in the 50 largest metro areas. It found more than half …
Black Homeownership–Why the American Dream is Still Elusive
Mortgage Professional America, Feb. 8, 2023–Tony CantuFifty years after Martin Luther King Jr.’s “I Have a Dream” speech, the ideal of equality remains far from realized for too many Black …
Treasury Says Cloud Computing Poses Risks to Financial Sector
Wall Street Journal, Feb. 8, 2023–Andrew Duehren (subscription)The Treasury Department is warning about potential vulnerabilities caused by financial institutions relying on a small number of providers for cloud-computing services, convening …