National Mortgage Professional, Oct. 11, 2022–David KrechevskyIt’s been a rough couple of weeks for the staff at Angel Oak Companies. Friday, the Atlanta-based company’s Angel Oak Home Loans unit laid …
Category: Top National News
U.S. Property Sector Brace for Job Cuts as Rate Rises Crush Home Sales
Financial Times, Oct. 11, 2022–Taylor Nicole Rogers (subscription)Realtors, mortgage brokers, appraisers and construction groups say they have lost as much as 80% of their revenue since the Fed started raising …
It’s Bad Enough Mortgage Rages are Over 7%–Now It’s Harder to Qualify for a Home Loan
CNBC, Oct. 11, 2022–Diana OlickMortgage credit availability is now at the lowest level since March 2013, which was when housing was in a slow recovery from the financial crisis at …
Late Court Rulings Set Stage for Fairholme-FHFA Trial
Inside Mortgage Finance, Oct. 11, 2022–Dennis HollierThe federal government appears to have won the latest skirmish in its seemingly endless war with the shareholders of Fannie Mae and Freddie Mac.https://www.insidemortgagefinance.com/articles/225917-late-court-rulings-set-stage-for-fairholme-fhfa-trial?v=preview
The Strange Litigation Onslaught against CrossCountry Mortgage
National Mortgage News, Oct. 11, 2022–Matthew Blake (subscription)Why several rivals are suing the mortgage lender, and why it may not matter.https://www.nationalmortgagenews.com/news/the-strange-litigation-onslaught-against-crosscountry-mortgage?position=editorial_1&campaignname=V2_NMN_Daily_2021-10112022&utm_source=newsletter&utm_medium=email&utm_campaign=V2_NMN_Daily_2021%2B%27-%27%2B10112022&bt_ee=bVfkcizlAiqZAoUJKaZ0YVq2NPBHkNYtQOHKG3S5JCdd0s%2B%2Bl8ANbBn0xu0aLFVu&bt_ts=1665482464169
Big Box Market Booms Despite Economic Headwinds
GlobeSt.com, Oct. 10, 2022–Lynn PollackBuoyed by increased demand from third-party logistics providers, the big box corner of the industrial market is poised for growth despite lingering economic uncertainty. While e-commerce …
To Promote More Affordable Units, Federal Changes Brewing for LIHTC Program
Seattle Daily Journal of Commerce, Oct. 11, 2022–Brian MillerThe Housing Supply Action Plan came from the White House in May, and included several measures to encourage new single-family and multifamily …
Fed’s Charles Evans Says Rates Will Need to Remain at Higher Levels
Wall Street Journal, Oct. 10, 2022–Nick Timiraos (subscription)The Federal Reserve will need to hold interest rates high enough to slow the economy after it lifts them through the end of …
A Pathway to a Sustainable Career
American Banker, Oct. 9, 2022–Jordan Stutts (subscription)Women focused on environmental, social and governance issues are seeing career opportunities open as sustainable finance initiatives become more critical to a bank’s success.https://www.americanbanker.com/news/a-pathway-to-a-sustainable-career
Fed’s Brainard: Policy Taking Hold on Economy, with Full Impact Still Months Ahead
Reuters, Oct. 10, 2022–Howard Schneider, Ann SaphirTighter U.S. monetary policy has begun to be felt in an economy that may be slowing faster than expected, but the full brunt of …