Wealth Management Real Estate, Feb. 7, 2023–David BodamerAfter suffering a rough 2022, with total returns on the FTSE All Equity Real Estate Investment Trust Index down nearly 25 percent, publicly-traded …
Category: Top National News
HMDA Reporting Requirement Extends to More Banks
National Mortgage News, Feb. 6, 2023–Maria Volkova (subscription)The Office of the Comptroller of the Currency informed banks, which it oversees, that changes have been made to Home Mortgage Disclosure Act …
Rocket Arms Brokers With Bully Shield Vs. UWM
National Mortgage Professional, Feb. 6, 2023–Katie JensenRocket Pro TPO announced Monday it will cover the ultimatum penalties and court fees for any brokers who want to get out of United …
Home-Buying Companies Stuck With Hundreds of Houses as Demand Slows
Wall Street Journal, Feb. 7, 2023–Will Parker, Nicole Friedman (subscription)As mortgage rates surged, some customers backed out of purchases or needed more time for financing.https://www.wsj.com/articles/home-buying-companies-stuck-with-hundreds-of-houses-as-demand-slows-11675739434?mod=hp_lead_pos5
Manhattan’s Luxury Home Market Bounced Back Last Week
Mansion Global, Feb. 6, 2023–Liz Lucking (subscription) For the first time in 2023, more than 20 high-end Manhattan homes found a buyer in a single seven-day stretch, according to a …
Opinion: Why Fintech ‘Disruption’ Doesn’t Work in Mortgage Servicing
HousingWire, February 6, 2023–Courtney ThompsonAmerica’s $13.3 trillion mortgage servicing sector shouldn’t be “disrupted by financial technology–it should be reimagined with fintech.https://www.housingwire.com/articles/opinion-why-fintech-disruption-doesnt-work-in-mortgage-servicing/
Buydowns Vs Price Cuts: We Have A Winner
National Mortgage Professional, Feb. 6, 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
Housing Market Shows Signs of Thawing
Wall Street Journal, Feb. 6, 2023–Ben Eisen (subscription)A decline in mortgage rates has more people interested in buying homes.https://www.wsj.com/articles/housing-market-shows-signs-of-thawing-11675617472?mod=hp_lead_pos1
Consumers Would Pay Mortgage and Car Loans First Among Debts
TheStreet, Feb. 6, 2023–Ellen ChangConsumers who are struggling financially plan to make sure their mortgage and car loans are paid first, according to a Bank of America Securities survey.https://www.thestreet.com/money/consumers-would-pay-mortgage-and-car-loans-first
Latest on the Housing Market
Good Morning America, Feb. 6, 2023The home-buying season is ready to kick into high gear in the coming months. MBA Chief Economist Mike Fratantoni joins GMA to discuss how interest …