The MReport, Jan. 26, 2023–Eric C. PeckThe housing market correction continued this week, as the fixed-rate mortgage dipped to 6.15% for the week ending January 19, the Mortgage Bankers Association …
Category: Top National News
Libor Is Still Due to Die, but Companies May Use Extensions
Wall Street Journal, Jan. 25, 2023–Mark Maurer (subscription)Companies that have yet to switch over from the London interbank offered rate before a June phaseout deadline may have ways to hang …
Home Buyers Get Ahead of Supply-Chain Issues by Purchasing the House and Everything Inside
Wall Street Journal, Jan. 26, 2023–Katherine Clarke (subscription)In the past, it was common for properties in second-home or resort communities to be sold with the furniture included, but primary homes …
Will Mortgage Rates Go Up After The February Fed Meeting?
The Mortgage Reports, Jan. 26, 2023–Paul CentopaniThe Federal Reserve will conduct its next Open Market Committee meeting on Jan. 31- Feb. 1 and another rate hike should be anticipated. However, …
Affordability Improves, as Do Hopes for a Good Spring
HousingWire, Jan. 26, 2023–Flávia Furlan NunesAffordability has improved in the mortgage market since December, thanks to declines in mortgage rates and a slowdown in home price appreciation.https://www.housingwire.com/articles/affordability-improves-as-do-hopes-for-a-good-spring/
The Final Origination Tally for 2022: $2.2 Trillion, Off 49%
Inside Mortgage Finance, Jan. 26, 2023–John Bancroft (subscription)The mortgage lending business was wobbling badly as 2022 came to close. Unfortunately, the new year likely won’t bring immediate relief. Mortgage lenders …
Libor Is Still Due to Die, but Companies May Use Extensions
Wall Street Journal, Jan. 25, 2023–Mark Maurer (subscription)Companies that have yet to switch over from the London interbank offered rate before a June phaseout deadline may have ways to hang …
U.S. Warns Banks to Watch for Russian Oligarchs Investing in Commercial Real Estate
Wall Street Journal, Jan. 25, 2023–Dylan Tokar (subscription)Banks should be on alert for Russian oligarchs attempting to circumvent U.S. sanctions by investing in commercial real estate, a U.S. Treasury Department …
The Hunt for a Housing Villain
The Atlantic, Jan. 26, 2023–Jerusalem DemsasIn reporting on the housing crisis, I often hear some version of a simple story purporting to explain why so many Americans struggle to afford …
Freedom CEO: Plenty of Value in MSRs, For Now…
Inside Mortgage Finance, Jan. 25, 2023–Brandon Ivey (subscription)Stan Middleman cautioned that MSR values and liquidity could tumble in the coming years, potentially in 2028.https://www.insidemortgagefinance.com/articles/226814-freedom-ceo-plenty-of-value-in-msrs-for-now?v=preview