Wealth Management Real Estate, Oct 17, 2022–Bendix AndersonHigh interest rates are stressful. But don’t expect rising interest rates to break the bank for many apartment investors—even as some are forced …
Category: Top National News
Home Buyers Turn to Riskier Loans as Interest Rates Soar
NBC News, Oct. 15, 2022–Shannon PettypieceHome buyers feeling financially squeezed by higher interest rates are increasingly being steered by real estate agents and mortgage brokers to potentially riskier types of …
Equifax to Provide Utility Credit Data to Mortgage Firms
HousingWire, Oct. 14, 2022–James KleimannEquifax will be providing telecommunications and subscription television credit data to the mortgage industry to “streamline the mortgage underwriting process and support loans within the secondary …
Non QM Performance Wavered in 3Q
National Mortgage News, Oct. 14, 2022–Bonnie Sinnock (subscription)Non-qualified mortgages in the securitized market exhibited some mixed performance over the summer, according to a DBRS Morningstar report.https://www.nationalmortgagenews.com/news/non-qm-performance-wavered-in-3q
Real Estate Data Technology Company Clear Capital Announces 108 Layoffs at Roseville Office
Sacramento (Calif.) Business Journal, Oct. 14, 2022–Mark AndersonThe company reported the layoff to the state’s Employment Development Department this week. The layoffs take effect Dec. 16, according to the notice …
Consumer Spending Was Flat In September and Below Expectations as Inflation Takes Toll
CNBC, Oct. 14, 2022–Jeff CoxRetail and food services sales were little changed for the month after rising 0.4% in August, according to the advance estimate from the Commerce Department. That …
Federal Agencies Announce Threshold for Smaller Loan Exemption
National Mortgage Professional, Oct. 14, 2022–Sarah WolakThe Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2023 threshold …
On the Hill with Tim Rood; Guest Bob Broeksmit
SitusAMC, Oct. 14, 2022In this episode of On the Hill, Tim Rood talks with Robert Broeksmit, President & CEO of the Mortgage Bankers Association. They discuss the intensifying regulatory landscape …
JPMorgan Chase Earnings Show Economy Is Resilient, but Jamie Dimon’s ‘Hurricane’ Looms
JPMorgan, Chase & Co., Wells Fargo & Co. and Citigroup Inc. all said Friday they had socked away hundreds of millions of dollars apiece to cover potential loan defaults, dragging …
Chase, Wells Mortgage Results Benefit from Higher Margins
National Mortgage News, Oct. 14, 2022–Brad Finkelstein (subscription)While mortgage origination activity came in below expectations at both JPMorgan Chase and Wells Fargo, both benefited from higher per loan gain-on-sale margins, …