Wall Street Journal, Jan. 30, 2023–Nick Timiraos (subscription)Federal Reserve officials’ deliberations this week over how much more to raise interest rates will hinge on how much they expect the economy …
Category: Top National News
Fairway Overhauls Its Reverse Mortgage Channel
National Mortgage Professional, Jan. 30, 2023–David KrechevskyFairway Independent Mortgage Corp., one of the nation’s largest lenders, said Monday it is reorganizing its reverse mortgage channel.https://nationalmortgageprofessional.com/news/fairway-overhauls-its-reverse-mortgage-channel
Honoring The Mortgage Industry’s 2023 Diversity Leaders
National Mortgage Professional, Jan. 30, 2023Recognize the companies leading the way for the mortgage industry to become more inclusive and reflective of the communities that they serve. (MBA mention)https://nationalmortgageprofessional.com/news/honoring-mortgage-industrys-2023-diversity-leaders
Investment Properties Dominate 4Q EC MBS Issuance
Inside Mortgage Finance, Jan. 30, 2023–Brandon IveyIssuers of expanded-credit mortgage-backed securities shifted strategies, to some extent, in the final three months of last year, according to a new ranking and …
Senior Housing That Seniors Actually Like
New York Times, Jan. 29, 2023–Paula Span“Granny flats” are popping up in backyards across the country, affording Americans a new housing option. Some communities are not happy about it.https://www.nytimes.com/2023/01/29/health/elderly-housing-adu.html?
Wall Street Is Losing Out to Amateur Buyers in the Housing Slump
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
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/