Inside Mortgage Finance, Oct. 3, 2022–Brandon IveyIn ARMs we trust? It’s getting to be that way. Rising interest rates helped fuel originations of adjustable-rate mortgages in the second quarter of …
Category: Top National News
The Impact Hurricane Ian Could Have on CRE
GlobeSt.com, Oct. 03, 2022–Erik ShermanAlthough it will take time to get accurate numbers, Trepp estimated the commercial real estate exposure Hurricane Ian had in what has been one of the …
Latino Homebuyers Hit Especially Hard With Housing’s ‘Affordability Crisis’
Yahoo Finance, Oct. 3, 2022–Dani RomeroAs mortgage rates rise and home prices remain high, homebuyers are increasingly pushed out of the housing market. Latinos buyers are among those especially hit …
Wall Street: U.S. Housing Market to See the Second-Biggest Home Price Decline Since the Great Depression
Fortune magazine, Oct. 3, 2022–Lance LambertNot only is there a building consensus on Wall Street that we’ve entered into a period of falling home prices, but there’s also a consensus …
Homepoint Hits the ‘Reset’ Button
HousingWire, Sept. 30, 2022–Flávia Furlan NunesMichigan-based lender Homepoint leadership effectively “reset the organization” amid the mortgage downturn, Willie Newman, the CEO and president, said in an interview on Friday. However, …
With Mortgage Rates Soaring, the Housing Market Takes Another Hit
New York Times, Sept. 29, 2022–Stefanos ChenAnother survey, by the Mortgage Bankers Association, showed the rate averaging 6.52 percent, the highest reading since mid-2008. Freddie Mac placed it at 6.7 …
Its Fortunes Fading, loanDepot Execs Granted Pay Raises
Inside Mortgage Finance, Sept. 30, 2022–Paul MuololoanDepot, which has been losing money and trimming staff most of the year, late this month granted new management contracts — with raises — …
AnnieMac Announces Plan To Close Its Wholesale Business
National Mortgage Professional, Sept. 30, 2022–David KrechevskyNew Jersey-based American Neighborhood Mortgage Acceptance Co. LLC, which does business as AnnieMac Home Mortgage, announced on its website this week that it will …
U.S. Consumers Boosted August Spending as High Inflation Spread
Wall Street Journal, Sept. 30, 2022–Harriet Torry (subscription)Household spending rose by a solid 0.4% in August after dropping a revised 0.2% in July, the Commerce Department said Friday. The August …
Federal Court Tosses Relaxed Trump-Era Mortgage Lender Transparency Rule
HousingWire, Sept. 30, 2022–Chris ClowThe D.C. District Court found that the CFPB, under Trump appointee Kathy Kraninger, acted in an “arbitrary and capricious” manner by exempting mortgage lenders from reporting …