Inside Mortgage Finance, Nov. 3, 2022–John Bancroft (subscription)Nonbanks continued to outpace depository institutions in the upper echelon of the home-loan servicing market during the third quarter, according to an exclusive …
Category: Top National News
PennyMac, Radian and Others Announce More Layoffs
National Mortgage News, Nov. 2, 2022–Andrew Martinez (subscription)More players in the mortgage space are trimming their workforce as the industry discloses third quarter performances alongside still-muted loan activity.https://www.nationalmortgagenews.com/news/pennymac-radian-and-others-announce-more-layoffs?position=editorial_1&campaignname=V2_NMN_Daily_2021-11032022&utm_source=newsletter&utm_medium=email&utm_campaign=V2_NMN_Daily_2021%2B%27-%27%2B11032022&bt_ee=jUkkdh%2BuLndfKKZcp6PGHTYDQdRpkgqNPARx0rjT1fWi9FFBhVEq3xYN3L3cmIjw&bt_ts=1667469631676
Why Rent Growth Has Likely Peaked and What that Means for the Housing Market
First American (podcast), Nov. 3, 2022–Mark Fleming, Odeta Kushi First American Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss the economic forces driving rent growth, why rent …
It’s Harder to Buy a House. This City Fought Back by Outbidding Corporate Landlords
National Public Radio, Nov. 3, 2022–Jennifer Ludden Analysts say the growing share of investor-owned homes has helped push out first-time buyers. A Cincinnati public agency is purchasing homes owned by …
Inflation, Rising Mortgage Rates: Bad for Homebuyers, Good for Single-Family Rental Home Investors
San Antonio Express-News, Nov. 2, 2022–Richard Webner (subscription)SAN ANTONIO — Many of the market conditions that have been deterring individuals from buying homes — high mortgage rates, inflation higher than …
Opendoor Technologies Lays Off about 18% of Workforce
Reuters, Nov. 2, 2022–Chavi Mehta lays off about 18% of workforceProperty-selling platform Opendoor Technologies Inc (OPEN.O) is laying off about 550 employees, Chief Executive Officer Eric Wu said on Wednesday.https://www.reuters.com/technology/opendoor-technologies-lays-off-about-18-workforce-2022-11-02/
There Are Two Americas When It Comes to ESG
Bloomberg, Nov. 2, 2022–Tim QuinsonChicago’s decision to dump fossil fuel investments is the latest sign of the ideological divide that’s splitting the country.https://www.bloomberg.com/news/articles/2022-11-02/there-are-two-americas-when-it-comes-to-esg-green-insight?srnd=premium
Enact Holdings Shares Q3 Earnings Results
Mortgage Professional America, Nov. 2, 2022–Candyd Mendozaor the private mortgage insurance company, Q3 2022 has been a mixed bag, with group CEO Rohit Gupta describing the results as “strong despite …
Promontory MortgagePath is Closing its Doors
National Mortgage News, Nov. 1, 2022–Maria Volkova (subscription)Connecticut-based Promontory MortgagePath, a provider of mortgage fulfillment services, is closing its doors due to “unprecedented and rapid mortgage market deterioration.”https://www.nationalmortgagenews.com/news/promontory-mortgagepath-is-closing-its-doors?position=editorial_1&campaignname=V2_NMN_Daily_2021-11022022&utm_source=newsletter&utm_medium=email&utm_campaign=V2_NMN_Daily_2021%2B%27-%27%2B11022022&bt_ee=La6TQhzzQ5GKi9%2FRfDoJc1OTlFnLcfwDIB%2BitRCg8x1f9g2maK4CXh4ofkrnSzT4&bt_ts=1667383217904
Mortgage Lenders Do What They Can to Survive Rising Rates
Yahoo! Finance, Nov. 2, 2022–Janna HerronIt’s no secret the mortgage market is getting hammered. But it’s not just skittish homebuyers who are smothering mortgage lenders. It’s largely the non-existent refinance …