Bloomberg, Nov. 14, 2022–Alexandre TanziMore than 30 million homes in the US are mortgage-free, with Florida — which has the highest proportion of retirees — the state with the biggest …
Category: Top National News
Appeals Court Blocks Biden’s Student-Loan Forgiveness Program
Wall Street Journal, Nov. 14, 2022–Gabriel T. Rubin; Jacob Gershman (subscription)A federal appeals court on Monday blocked the Biden administration from moving ahead with its mass student-debt cancellation program, dealing …
Mortgage Rate Lock Volume Hits Lowest Level in 3 Years
National Mortgage News, Nov. 14, 2022–Brad Finkelstein (subscription)Mortgage rate lock activity was at its lowest level in over three years in October, led by consumers continuing to turn away from …
Mortgage Lenders Expect the Housing Market to Worsen in 2023
First Tuesday Journal, Nov. 14, 2022–Carrie B. ReyesFollowing record lender profits in 2021, 2022 has mortgage lenders packing their bags and heading for the exits. The Mortgage Bankers Association believes …
What to Expect in 2023 from the Mortgage Industry – MBA Annual Recap
Appraisal Buzz, Nov. 14, 2022–Jim MorrisonWhat a difference a year makes. The Mortgage Bankers Association put on another fabulous show this year in Nashville, TN. While the attendance and show …
Under New Ownership (Soon): Select Portfolio Servicing
Inside Mortgage Finance, Nov. 14, 2022–John BancroftCredit Suisse is expected to announce terms on a deal to unload its securitized products group sometime in the fourth quarter, setting in motion …
Airbnb Co-Founder’s New Business Is Building Small Homes in Backyards
Wall Street Journal, Nov. 14, 2022–Konrad Putzier (subscription)Joe Gebbia co-founded Airbnb as a company that helped people rent out their homes to guests. His new venture is about adding small …
Impac Reduces Headcount, Reports Negative Margins in 3Q
National Mortgage News, Nov. 11, 2022–Brad Finkelstein (subscription)The “risk off” posture that Impac Mortgage Holdings adopted approximately a year ago — in which it elected to sacrifice financial reward from …
Movement Mortgage Acquires Mortgage Network
National Mortgage Professional, Nov. 12, 2022–David KrechevskyMovement Mortgage, the nation’s sixth-largest retail mortgage lender, said Friday it has acquired Mortgage Network Inc. Terms of the transaction were not disclosed.https://nationalmortgageprofessional.com/news/movement-mortgage-acquires-mortgage-network
Are Layoffs and the Stalled Housing Market Signs to Tap Equity Now?
Orange County Register, Nov. 10, 2022–Jeff LazersonLayoffs, a softening housing market and a likely recession are the talk of the town. If you’re a homeowner fearful of losing income in …