Bloomberg, Jan. 29, 2023–Prashant Gopal, Patrick ClarkBig money spent a fortune snapping up homes. Now, regular folk are outsmarting the pros.https://www.bloomberg.com/news/features/2023-01-30/wall-street-is-losing-out-to-first-time-homebuyers-this-housing-slump?srnd=premium
Category: Top National News
Report: Flagstar Bank Lays Off Hundreds in Mortgage Division
Detroit Free Press, Jan. 28, 2023–JC ReindlFlagstar Bank in Troy has laid off hundreds of employees in several states and is shuttering part of its national mortgage operation less than …
IMBs See Choppy Waters Ahead for MSR Sales. At Issue: Too Much Supply
Inside Mortgage Finance, Jan. 27, 2023–Brandon IveyAs profitability tied to originations plummeted in 2022, many lenders opted to sell mortgage servicing rights to generate cash, and there were plenty of …
‘Good News’ for the Spring Homebuying Season…
Yahoo! Finance, Jan. 28, 2023–Serah LouisJoel Kan, vice president and deputy chief economist at the MBA, called falling rates “good news for potential homebuyers looking ahead to the spring homebuying …
National Home Prices Have Further to Fall, Say 24 Leading Housing Market Researchers…
Fortune, Jan. 28, 2023–Lance LambertFive firms think prices have bottomed out (MBA mention)https://fortune.com/2023/01/28/housing-market-home-prices-forecast-predictions-2023-2024-updated/
IMBs See Choppy Waters Ahead for MSR Sales. At Issue: Too Much Supply
Inside Mortgage Finance, Jan. 27, 2023–Brandon IveyAs profitability tied to originations plummeted in 2022, many lenders opted to sell mortgage servicing rights to generate cash, and there were plenty of …
US Inflation Expectations Extend Retreat, Buoy Consumers’ Mood
Bloomberg, Jan. 27, 2023–Reade PickertUS short- and long-term inflation expectations improved at the end of January, helping to once again boost consumer sentiment.https://www.bloomberg.com/news/articles/2023-01-27/us-inflation-expectations-continued-to-retreat-in-late-january?srnd=premium
Homebuilders Still Need Lower Mortgage Rates
HousingWire, Jan. 27, 2023–Logan MohtashamiWhat is happening with homebuilders and the new home sales sector as we head into the spring housing market? We have had some conflicting data points …
Working To Change The Upper Levels Of Business
National Mortgage Professional (Mortgage Women Magazine), Jan. 27, 2023–Laura BrandaoTricia Migliazzo has garnered great success at Lenders One helping others. (MBA mention)https://nationalmortgageprofessional.com/news/working-change-upper-levels-business
Leading Authentically
National Mortgage Professional (Mortgage Women Magazine), Jan. 27, 2023–Sarah WolakKristy Fercho is taking over Wells Fargo’s diversity initiative, and she’s leading as her most authentic self. (MBA mention)https://nationalmortgageprofessional.com/news/leading-authentically