HousingWire, Jan. 12, 2023–Flávia Furlan NunesBob Broeksmit, Mortgage Bankers Association president and CEO, said the trade group expects mortgage rates to move lower over the course of the year, which …
Category: Top National News
Why Residential Conversions Are More Commonplace
Multi-Housing News, Jan. 6, 2021–Lew SichelmanYoung adults looking for places to rent, especially in central business districts, might find just the right place in a converted office building, motel and …
Ginnie Mae Paces Agency MSR Growth, Nonbanks Stall
Inside Mortgage Finance, Jan. 12, 2023–John BancroftPrimary market originations and secondary market sales are facing gale-force headwinds these days, but the good-old servicing market keeps growing.https://www.insidemortgagefinance.com/articles/226711-ginnie-mae-paces-agency-msr-growth-nonbanks-stall?v=preview
McHenry Reveals House Crypto Panel, Names Subcommittee Chairs
Politico, Jan. 12, 2023–Zachary Warmbrodt, Eleanor MuellerIncoming Financial Services Chair Patrick McHenry (R-N.C.), who has long made a priority of financial technology issues, said in an interview Thursday that he …
Apartment REITs Underperform Peer Group in Q4
GlobeSt.com, Jan. 12, 2023–Erik ShermanSome warning signs have begun to flash on multifamily rents. December was the fourth straight month-over-month decline, according to ApartmentList. Even in the Sun Belt — …
When Will Housing Prices Drop?
U.S. News & World Report, Jan. 12, 2023–Devon ThorsbyHome prices are down month-over-month but still up year-over-year annually. Here’s what you should know about home prices and the other ways …
How Media and Tech Firms Cut Costs by Reducing Real Estate
Variety, Jan. 12, 2023–Heidi ChungWhether it’s because of the new remote-work culture shift or weak balance sheets, more and more media and tech companies are putting their physical office leases …
How Wells Fargo’s Correspondent Exit Changes the Game
National Mortgage News, Jan. 12, 2023–Brad Finkelstein (subsription)Wells Fargo’s decision to exit the correspondent origination channel and reduce the size of its mortgage servicing portfolio will have residual effects on …
Dip in Mortgage Rates Not Slowing Housing Bust 2: Mortgage Lenders Sing the Blues
WolfStreet, Jan. 11, 2023–Wolf RichterMortgage applications to purchase a home are a forward-looking indicator of where home sales volume will be. Existing home sales that closed in November already plunged …
Goldman Job Cuts Hit Investment Banking, Global Markets Hard
Reuters, Jan. 11, 2023–Saeed Azhar, Sinead Cruise, Selena LiGoldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of those affected coming from …