Mortgage Professional America, Oct. 14, 2022–Tony CantuAmid a home affordability crisis, the Mortgage Bankers Association and several trade organizations – as part of the Black Homeownership Collaborative – submitted a …
Category: Top National News
Non-Agency MBS Market Runs Aground in 3Q22
Inside Mortgage Finance, Oct. 14, 2022–John BancroftThe market generated $21.19 billion of new non-agency MBS during 3Q22, a severe 36.4% drop from the prior period. It was the steepest decline …
40-Year Listing Contracts Draw Complaints
The Housing Scene (UExpress), Oct. 14, 2022–Lew SichelmanFlorida-based MV Realty offered Beatrice Nwana $850 to sign a listing agreement saying that if she decides to sell her Arlington, Texas, house …
Banks Are Pulling Back On CRE Loans
GlobeSt.com, Oct. 14, 2022–Lynn PollackBanks are pulling back loans from commercial real estate, Walker & Dunlop CEO Willy Walker told CNBC. “You look at the broader commercial real estate markets …
As Housing Prices Soar, A Wealthy County Rethinks the Idea of Suburbia
Washington Post, Oct. 14, 2022–Teo Armus Many renters in Washington, D.C. suburb Arlington, Va. can no longer afford to buy a home. Lawmakers hope that eliminating single-family zoning could be a …
America’s Red-Hot Warehouse Market Shows Signs of Cooling
Wall Street Journal, Oct. 14, 2022–Liz Young (subscription)Distribution space remains tight, but real-estate experts say companies are growing more cautious about leasing.https://www.wsj.com/articles/americas-red-hot-warehouse-market-shows-signs-of-cooling-11665739801?mod=hp_lista_pos3
Homebuyers Can Lock a Rate for 150 Days Ahead of a Sales Contract
Orange County Register, Oct. 13, 2022–Jeff LazersonAs mortgage rates rise to nearly 7% this week. Home shoppers desperate to somehow keep payment affordability within reach will be relieved to know …
The USDA’s Outdated Underwriting System is Hobbling Rural Lending
National Mortgage News, Oct. 14, 2022–Maria Volkova (subscription)Lenders say that using the Department of Agriculture’s “not intuitive,” “confusing” and “cumbersome” technology, dubbed the Guaranteed Underwriting System, complicates things even further …
Bank M&A Activity Remains Weak through Third Quarter
American Banker, Oct. 13, 2022–Jim Dobbs (subscription)Bank merger and acquisition activity remained at relatively low levels in the third quarter, a Raymond James tally found, with volumes held in check …
FHFA Suspends Counterparties with Ties to Title or REO Scams
National Mortgage News, Oct. 13, 2022–Bonnie Sinnock (subscription)The Federal Housing Finance Agency this week suspended business with certain individuals found guilty in court of involvement with scams regarding mortgaged properties, …