National Mortgage Professional, Oct. 27, 2022–Steve GoodeFirst American Financial Corp. reported net income of $2 million Thursday, compared with $445 million in the third quarter of 2021. The company, which …
Category: Top National News
Planet Home Lending Reports Q3 Growth In Origination Volume
National Mortgage Professional, Oct. 27, 2022–Keith GrifinPlanet Home Lending’s total origination volume was $7.3 billion in Q3 2022, up 14.1% from Q2 2022. Year-over-year growth was minimal. Planet Home Lending’s …
Homebuyer Affordability No Longer a Silver Lining
HousingWire, Oct. 27, 2022–Connie KimThe national median payment applicants applied for increased by 5.5% to $1,941 in September, up from last month’s $1,839, according to the Mortgage Bankers Association.https://www.housingwire.com/articles/homebuyer-affordability-no-longer-a-silver-lining/
Lenders Must Avoid ‘Dark Pattern’ Practices, Legal Experts Say
National Mortgage News, Oct. 27, 2022–Andrew Martinez (subscription)David Shirk, a mortgage banking lawyer and managing member of Washington, D.C.-based Shirk Law. PLLC. Shirk and Tom Clerici, chief technology officer at …
Mortgage Rates Surpass 7% for the First Time in 20 Years
NBC News, Oct. 27, 2022–Rob Wile“Homebuyer affordability took an enormous hit in September, with the 75-basis-point jump in mortgage rates leading to the typical homebuyer’s monthly payment rising $102 from …
Mortgage Originations Take Another Body Blow in 3Q22
Inside Mortgage Finance, Oct. 27, 2022–John BancroftIf your mortgage lending operation saw an increase in originations during the third quarter, feel the top of your head. You might be a …
The Reason Home Prices Are Finally Dropping, But Not Everywhere
Slate, Oct. 27, 2022–Timothy Lee The frothy, oozing-over-the-top market has been over for a few months now, and new data suggest that we might be entering a very different type …
White House Reports Its Progress on Housing Supply Action Plan
GlobeSt.com, Oct. 27, 2022–Paul BergeronThe White House is putting its money where its mouth is when it comes to creating greater housing affordability.https://www.globest.com/2022/10/27/white-house-reports-its-progress-on-housing-supply-action-plan/?
Mortgage Payments Soar for Chicago’s Trophy Properties
Crain’s Chicago Business, Oct. 26, 2022–Alby Gollun (subscription)What do the deep-pocketed owners of Willis Tower and Oakbrook Center have in common with a lot of homeowners? They’re hurting as rising …
A Broken Market Is Causing Mortgage Rates to Surge
Bloomberg podcast, Oct. 27, 2022–Tracy Alloway and Joe Weisenthal (subscription)On this episode, we speak with Guillermo Roditi Dominguez, managing director at New River Investments, about what’s happening deep in the …