Mortgage Professional America, Oct. 25, 2022–Candyd MendozaThe Federal Housing Finance Agency announced targeted changes to Fannie Mae and Freddie Mac’s pricing framework, eliminating upfront fees for certain borrowers and boosting …
Category: Top National News
Housing Market Crash? Here’s How Much Prices Have Gone Down
Deseret News (Utah) Oct. 25, 2022–Katie McKellar (part of a series)Since the onset of the Federal Reserve’s fight with inflation, which has pushed mortgage rates to 20-year highs, the impact …
Housing Market Activity is Crashing—And it Threatens to Push the U.S. Into Recession Just Like in 1981 and 2008
Fortune magazine, Oct. 25, 2022–Lance LambertThe go-to line this year from analysts and economists alike is that “the Fed will push until something breaks.” Increasingly, it’s looking like that “something” …
Matt Rocco, New MBA Chair, Emphasizes Affordable Rental Housing Focus
HousingWire, Oct. 25, 2022–James KleimannOn stage in Nashville on Monday, Mortgage Bankers Association Chairwoman Kristy Fercho passed the torch to Matt Rocco, who will take over as chairman in 2023. …
Hotel Developers Turn to C-PACE as Traditional Lenders Pull Back
CoStar, Oct. 25, 2022–Bryan WrotenAs the availability of new-construction financing continues to tighten, an increasing number of hotel owners and developers are turning to commercial property assessed clean energy loans.https://www.costar.com/article/1534920943/hotel-developers-turn-to-c-pace-as-traditional-lenders-pull-back?
Higher Interest Rates Can Take a Long Time to Bring Down Inflation
Wall Street Journal, Oct. 24, 2022–Tom Fairless (subscription)Lags between rate increases and real-world impacts raise the twin risks of tightening too much and too little.https://www.wsj.com/articles/higher-interest-rates-can-take-a-long-time-to-bring-down-inflation-11666517405
Where the Grass Is Greener
The MReport, Oct. 24, 2022–Brian MillerAs the market continues to turn and loan volumes retreat from the historic highs the industry saw last year, some lenders are trimming staff in …
The West’s Sharp Housing Market Correction: Here’s How Fast Home Prices Have Fallen in 4 Months
Deseret News (Utah), Oct. 24, 2022–Katie McKellarSince the onset of the Federal Reserve’s fight with inflation, which has pushed mortgage rates to 20-year highs, the impact to the U.S. housing …
Builders Say They’re Ready for This Housing Slowdown. ‘I’ve Learned My Lesson.’
Wall Street Journal, Oct. 24, 2022–Nicole Friedman (subscription)After a pandemic-fueled buying spree that unleashed the most powerful U.S. housing boom in 15 years, demand has plummeted as mortgage rates have …
The West’s Sharp Housing Market Correction: Here’s How Fast Home Prices Have Fallen in 4 Months
Deseret News (Utah), Oct. 24, 2022–Katie McKellarSince the onset of the Federal Reserve’s fight with inflation, which has pushed mortgage rates to 20-year highs, the impact to the U.S. housing …