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 …
Category: Top National News
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 …
$10B in Mortgage Servicing Rights Deal May be Start of New Wave of Sales
National Mortgage News, Jan. 18, 2023–Bonnie Sinnock (subscription)An agency servicing portfolio that Incenter has up for bid marks the first public deal above $10 billion in 2023, and there may …
Wholesale Inflation Drops Much More Than Expected in December; Retail Sales Drop 1.1%
U.S. News & World Report, Jan. 18, 2023–Tim SmartWholesale prices fell sharply in December, further evidence that inflation is moving away from the elevated levels seen last summer, the Bureau …
Mortgage Demand Jumpe Nearly 28% in One Week, as Interest Rates Drop to Lowest Point in Months
CNBC, Jan. 18, 2023–Diana OlickMortgage application volume jumped nearly 28% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.https://www.cnbc.com/2023/01/18/mortgage-demand-jumps-interest-rates-drop.html
For the First Time Since Early 2019, Ginnie Issuance Below $100B
Inside Mortgage Finance, Jan. 18, 2023–Andras MalatinszkyThe disappointing turnout caps seven straight quarters of declining MBS production. It also marked the first quarter since the beginning of 2019 that Ginnie …
Bright Spots for Real Estate: Lower Rates and Uptick in Mortgage Applications
Barrons, Jan. 18, 2023–Shaina Mishkin (subscription)Two sets of data released Wednesday offer some optimism for the housing market amid lower mortgage rates. (MBA mention)https://www.barrons.com/articles/real-estate-housing-mortgage-rates-mortgage-applications-51674059262
2023 Predictions: What’s Next For The Rental Industry?
Forbes, Jan. 18, 2023–Nathan MillerEach year, I like to step back and take stock of what the past 12 months have taught me about the evolving rental and commercial real …