HousingWire, Jan. 19, 2023–Flavia Furlan Nunes, Connie KimAfter abruptly shutting down Sprout Mortgage and being accused of fraud, Strauss and his wife are linked to a new mortgage entity, Smart …
Category: Top National News
New Home Mortgage Applications Fell 25% In December
National Mortgage Professional, Jan. 19, 2023–David KrechevskyWith construction of homes plunging, mortgage applications to buy new homes fell 25% in December from a year earlier, the Mortgage Bankers Association said …
Mortgage Rates Drop, Applications Rise And Seniors Score Record-Level Housing Wealth
ValueWalk, Jan. 19, 2023–Phil HallFreddie Mac reported the 30-year fixed-rate mortgage averaged 6.15% as of Jan. 19, down from last week when it averaged 6.33%; a year ago at this …
Rocket CFO Warns Against Reliance on MSR Sales
Inside Mortgage Finance, Jan. 19, 2023–Brandon IveyNonbanks looking to sell mortgage servicing rights to stay afloat could see demand shrink in a hurry, according to Brian Brown, chief financial officer …
Offices Vacancies at the End of 2022 Were Worse Than Pandemic Height
GlobeSt.com, Jan. 19, 2023–Erik ShermanThe latest report on the office market from Moody’s Analytics, covering the fourth quarter of 2022, is on the grim side as it sees “further shadows …
Some Home Builders Are Offering Mortgage Rates as Low as 3%. Here’s How—and Why—They’re Doing It
MarketWatch, Jan. 19, 2023–Aarthi SwaminathanHome builders are playing hardball by offering mortgage rates as low as 3% on new homes to boost buyer demand.https://www.marketwatch.com/story/some-home-builders-are-offering-mortgage-rates-as-low-as-3-heres-how-and-why-theyre-doing-it-11674145343?
CFPB Says Servicers Should Offer Loss Mitigation Beyond COVID Hardships
National Mortgage News, Jan. 18, 2023–Kate Berry (subscription)The Consumer Financial Protection Bureau said it expects mortgage servicers to continue offering forbearances, deferrals and loan modifications to consumers experiencing financial hardships …
How the Banking Industry is Responding to Work from Home
American Banker, Jan. 18, 2023–Courtney Hoff (subscription)Many bank CEOs see the end of work from home coming in a matter of years, but other industry leaders are not so sure …
Freddie Mac Multifamily Production Volume Reaches LIHTC Record of Nearly $1 Billion
MortgageOrb, Jan. 18, 2023–Ariana FineFreddie Mac Multifamily’s 2022 production volume totaled $73.8 billion, including a record of nearly $1 billion in Low-Income Housing Tax Credit equity investments.https://mortgageorb.com/freddie-mac-multifamily-production-volume-reaches-lihtc-record-of-nearly-1-billion
Microsoft to Lay Off 10,000 Workers as Slowdown Hits Software Business
Wall Street Journal, Jan. 18, 2023–Tom Dotan (subscription)Microsoft Corp. said it was laying off 10,000 employees, becoming the latest tech titan to announce an additional round of cuts amid concerns …