National Mortgage News, Jan. 20, 2023–Maria Volkova (subscription)Fintech nCino slashed 7% of its workforce, or 117 employees, on Wednesday.Some of the departing employees were from recently acquired SimpleNexus, a company …
Category: Top National News
Fannie Mae ESR Group Still Expects A ‘Modest Recession’
National Mortgage Professional, Jan. 20, 2023–David KrechevskyDespite ending the year stronger than anticipated, the U.S. economy is still expected to slip into a modest recession in the first half of …
Consumer Prices Plateau as Inflation Slows to Prepandemic Levels
Wall Street Journal, Jan. 20, 2023–Danny Dougherty, Nate Rattner (subscription)Forty-year inflation high in June turned into relatively normal price growth in second half of 2022.https://www.wsj.com/articles/consumer-prices-plateau-as-inflation-slows-to-prepandemic-levels-11674200099?mod=hp_major_pos1#cxrecs_s
MSR Deal Chatter: Lots of Smoke, No Fire…
Inside Mortgage Finance, Jan. 20, 2023–Paul MuoloThe mortgage servicing sales market this week was rife with rumors of multi-billion dollar portfolios being jettisoned, but little in the way of hard …
Tax Appeal May Bring Big Savings
The Housing Scene (UExpress), Jan. 20, 2023–Lew SichelmanProperty taxes are rising right along with the cost of food, gas and other necessities. One main difference: You won’t have to wait …
Fed’s Beige Book Shows CRE Limping, Not Thriving
GlobeSt.com, Jan. 20, 2023–Erik ShermanThe Federal Reserve released its December 2022 Beige Book on Wednesday. Overall, conditions sounded a little worse than in the November Beige Book and people speaking …
How One Actor-Turned-Investor Built a Real Estate Syndication Business
Wealth Management Real Estate, Jan. 20, 2023–Bendix AndersonMatt Picheny has built a Sun Belt multifamily portfolio and generated healthy returns for passive real estate investors.https://www.wealthmanagement.com/multifamily/how-one-actor-turned-investor-built-real-estate-syndication-biz?
Jobless Claims Drop to 190,000 as Labor Market Remains Tight
CNN, Jan. 19, 2023–Alicia WallaceThe number of first-time claims for unemployment insurance fell unexpectedly to 190,000 for the week ending January 14, according to Department of Labor data released Thursday. …
Why are Mortgage Applications Spiking 25% Even as Home Sales Collapse?
Orange County Register, Jan. 19, 2023–Jeff LazersonShades of predatory lending are emerging as marginal buyers, which many loan originators bypassed in the pandemic heyday, have suddenly become trophy buyers. (MBA …
KKR Caps Withdrawals on Real Estate Trust in Latest Pullback
Bloomberg, Jan. 19, 2023–Allison McNeelyKKR & Co. joined rivals including Blackstone Inc. in limiting withdrawals from a real estate investment trust after investors sought to pull out more money.https://www.bloomberg.com/news/articles/2023-01-19/kkr-caps-withdrawals-on-real-estate-trust-following-blackstone?srnd=premium