Politico, Nov. 4, 2022–Katy O’DonnellLobbyists are scrambling to get help from Washington to goose the housing market as demand tanks in response to rising interest rates and high prices. The …
Category: Top National News
Widespread Racial Bias Found in Home Appraisals
New York Times, Nov. 2, 2022–Debra KaminResearchers found evidence of a persistent practice that gives higher values to homes when the occupants are white, and devalue them if the owners …
Agency MBS Issuance Still Searching for a Bottom, October Volume Down 19%
Inside Mortgage Finance, Nov. 4, 2022–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued a total of $95.62 billion of single-family MBS last month. That was down 18.5% from September …
US Housing Hit by Spiraling Mortgage Rates as Inflation Persists
Bloomberg, Nov. 4, 2022–Jordan YadooSoaring US interest rates have done little to curb inflation, but they’re hitting housing hard. The surge in borrowing costs has eroded affordability for buyers, slowing …
Mr. Cooper Lays Off 800 Employees
National Mortgage News, Nov. 3, 2022–Maria Volkova (subscription)The Dallas-based lender confirmed Thursday that it is slashing approximately 800 positions, calling it a “disciplined” and “proactive step to scale back the …
UWM Beats Rocket To Become Top U.S. Mortgage Originator
National Mortgage Professional, Nov. 4, 2022–David KrechevskyIn the quarterly earnings report issued Friday by UWM Holdings Corp., the publicly traded parent of UWM, the Detroit-based mortgage lender noted that its …
Apartment Property Cash Flow Increased in 2021 Unevenly
Commercial Real Estate Direct, Nov. 4, 2022–Orest Mandzy, Jack LaForgeApartment properties backing CMBS loans saw a 1.76% overall increase in net cash flow between 2021 and 2020, but that increase …
A Republican HFSC Is Expected to Focus on Banking Regulators
Inside Mortgage Finance, Nov. 3, 2022–Sam ManasRep. Patrick McHenry (R-NC), who is likely to chair the House Financial Services Committee if Republicans win control of the House, is a frequent …
Title Options Cheaper — But Scary
The Housing Scene (UExpress), Nov. 4, 2022–Lew SichelmanThe new products — which include attorney opinion letters, or AOLs — are certainly cheaper. But they may not afford the same protections …
The Housing Market Is Worse Than You Think
New York Times, Nov. 4, 2022–Stefanos ChenThe Mortgage Bankers Association, a large trade group, has a more optimistic view, with rates for the 30-year fixed mortgage dropping to 5.4 percent …