CNBC, Feb. 6, 2023–Elizabeth GravierMillennials who managed the feat of becoming homeowners have discovered that their piece of the American Dream may turn into a bit of a nightmare.https://www.cnbc.com/select/millennial-regrets-buying-homes/
Category: Top National News
Freddie QC Chief: Mortgage Defect Rates Remain Elevated
Inside Mortgage Finance, Feb. 6, 2023–Dennis Hollier (subscription)Speaking at a recent Mortgage Bankers Association conference in San Diego, Duane Gilkison, head of Fannie’s loan quality compliance team, noted that originations …
America’s Offices are Now Half-Full. They May Not Get Much Fuller
Washington Post, Feb. 4, 2023–Teylor TelfordThe return-to-office figures are unlikely to go much higher as flexible work becomes entrenched in the lives of white-collar workers, experts say.https://www.washingtonpost.com/business/2023/02/04/return-to-office-occupancy-status/
Borrowers Opt for Permanent Rate Buydowns
HousingWire, Feb. 6, 2023–Connie KimHome prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. In turn, borrowers who are entering …
Majestic Home Loan Closes Shop
National Mortgage News, Feb. 3, 2023–Maria Volkova (subscription)The California-based wholesale lender, which was founded in 1997, laid off most employees in mid-January via Skype and closed shop on January 31, …
Getting Married or Get a Mortgage? Cities Where a Wedding Costs More than a Down Payment
The Hill, Feb. 5, 2023–Addy BinkBuying a house and having a wedding are two of the most expensive life milestones you’ll likely encounter in your life. Depending on where you …
Finance of America to Sell Title Insurance Business to Essent Group for $100 Million
Mortgage Professional America, Feb. 3, 2023–Candyd MendozaFinance of America Companies has agreed to sell the title insurance businesses of Incenter, its indirect subsidiary, to mortgage insurer Essent Group.https://www.mpamag.com/us/news/general/finance-of-america-to-sell-title-insurance-business-to-essent-group-for-100-million/435124
Mortgage Job Numbers Drop Further in Annual Revision
National Mortgage News, Feb. 3, 2023–Bonnie Sinnock (subscription)The revised payroll count shows the figures for the number of people on mortgage banker and broker payrolls were overestimated by 10,000 positions …
Hard-Money Loans Can Turn a 10% Return for Rental-Shy Investors
Orange County Register, Feb. 3, 2023–Jeff LazersonWhat about the potential to make some serious shekels by becoming the mortgage bank instead of the landlord? Where else besides private mortgages or …
The Slump Persists: MBS Issuance Down Again in January
Inside Mortgage Finance, Feb. 3, 2023–John BancroftNew issuance of agency single-family MBS fell again in January, the 10th straight monthly decline, according to just-released figures from Inside MBS & ABS.https://www.insidemortgagefinance.com/articles/226909-the-slump-persists-mbs-issuance-down-again-in-january?v=preview