Inside Mortgage Finance, Nov. 18, 2022–John BancroftThe industry reported a fair market value of $2.432 trillion for its single-family MBS at the end of September, down 7.3% from the previous …
Category: Top National News
Selling a Furnished House Can Be Problematic
The Housing Scene (UExpress), Nov. 18, 2022–Lew SichelmanSelling a property fully furnished is fairly common in vacation-home markets, where a house without furnishings can become a chore for buyers rather …
Just How Big is the Gender Imbalance in Bank Leadership Roles?
American Banker, Nov. 17, 2022–Alissa Kline (subscription)Even though there has been some progress over the last eight years, men continue to hold many more board seats and jobs on executive …
Carrington Agrees to Settle CFPB Charges it Mishandled Pandemic Relief
National Mortgage News, Nov. 17, 2022–Bonnie Sinnock (subscription)But the company neither admitted nor denied wrongdoing, and noted that it was agreeing to settle to avoid protracted litigation.https://www.nationalmortgagenews.com/news/carrington-agrees-to-settle-cfpb-charges-it-mishandled-pandemic-relief?position=editorial_2&campaignname=NMN%20Daily%20Briefing-11182022&utm_source=newsletter&utm_medium=email&utm_campaign=V2_NMN_Daily_2021%2B%27-%27%2B11182022&bt_ee=2pn0KDscFBN4MjN%2Bago51i4b4DuQ7B8820a68KL75K1HTJN8qxMc%2FFksRNl1d5dQ&bt_ts=1668769253532
Why Office Buildings Are Still in Trouble
New York Times, Nov. 17, 2022–Peter Eavis, Julie Creswell, Joe RennisonHybrid work, layoffs and higher interest rates are leaving lots of office space vacant and hurting the commercial real estate …
Will These Zero-Down Loans for Homebuyers Doom Real Estate Again?
Orange County Register, Nov. 17, 2022–Jeff LazersonNearly a year into a special lending program aimed at underserved homebuyers, the initiative is soon to expand from a few banks to mainstream, …
Mortgage Rates And Housing Starts Tumble While Homebuilders Are Glum
ValueWalk, Nov. 17, 2022–Phil HallFreddie Mac reported the 30-year fixed-rate mortgage averaged 6.61% as of Nov. 17, a drop from the 7.08% recorded last week. The 15-year fixed-rate mortgage averaged …
Fed’s Kashkari: An Open Question How High Rates Need to Go
Reuters, Nov. 17, 2022–Ann SaphirMinneapolis Federal Reserve Bank President Neel Kashkari on Thursday said that with inflation still high but a lot of monetary policy tightening already in the pipeline, …
Mortgage Market Upheaval Spurs $17 Billion in Paper Losses for Banks
Bloomberg, Nov. 17, 2022–Hannah LevittHigher interest rates helped Wells Fargo & Co. land more than $3 billion in profit in the third quarter. From a capital perspective, they also wiped …
Rocket Stock Plunges After Downgrade
National Mortgage Professional, Nov. 17, 2022–Katie JensenRocket Companies’ stock has taken a sizeable fall in the last couple of days after an analyst suggested traders sell their holdings.https://nationalmortgageprofessional.com/news/rocket-stock-plunges-after-downgrade