Wall Street Journal, Sept. 20, 2022–Peter Grant (subscription)Workers are returning to U.S. offices at the highest rate since the pandemic forced most workplaces to temporarily close in 2020, as infection …
Category: Top National News
Mortgage Credit Availability Tightened in August
MortgageOrb, Sept. 19, 2020–Michael BatesMortgage credit availability tightened slightly in August compared with July, as investors reduced their offerings of ARM and non-QM loan programs. (MBA mention)https://mortgageorb.com/mortgage-credit-availability-tightened-in-august-2
Climbing Housing Costs Could Prop Up Inflation for a While
Wall Street Journal, Sept. 20, 2022–David Harrison (subscription)Rents and other shelter costs are emerging as a major driver of overall consumer inflation, keeping it high at a time when many …
Opinion: What is Ginnie Mae Thinking With New Capital Rule?
HousingWire, Sept. 19, 2022–David Stevens, CMBSince the announcement of the new capital rule, Ginnie Mae has been on the receiving end of a lot of backlash from industry and the …
Home-Flipper Opendoor Hit With Losses in Echo of Zillow Collapse
Bloomberg, Sept. 19, 2022–Patrick Clark, Elizabeth KaneThe US housing market’s sharp downturn has been bad for builders, flippers and almost anyone who had plans to sell a home when rising …
SPS Acquires Rushmore Loan Management Services
National Mortgage Professional, Sept. 19, 2022–David KrechevskySelect Portfolio Servicing Inc. has entered into a definitive asset purchase agreement with Rushmore Loan Management Services LLC to acquire certain Rushmore assets, the …
In a Slowing Housing Market, Sellers Ask: Why List a Home When You Can Collect Rent?
Wall Street Journal, Sept. 19, 2022–Nicole Friedman, Will Parker (subscription)U.S. home sellers increasingly opt to hold on to their houses amid a soaring home-rental market.https://www.wsj.com/articles/in-a-slowing-housing-market-sellers-ask-why-list-a-home-when-you-can-collect-rent-11663585203?mod=hp_lead_pos13
Opinion: What is Ginnie Mae Thinking with New Capital Rule?
HousingWire, Sept. 19, 2022–David Stevens, CMBFormer FHA Commissioner/MBA President/CEO says Ginnie Mae has been on the receiving end of a lot of backlash from industry and the analysts who associate …
McCargo In One-on-One Talks With Issuers Over Eligibility Standards
Inside Mortgage Finance, Sept. 19, 2022–Monica HoganGinnie Mae has begun one-on-one talks with its issuer base over the agency’s new eligibility requirements, President Alanna McCargo said in an interview with …
Housing: Priced-Out Homebuyers Add Pressure to Skyrocketing Rents
Yahoo News, Sept. 19, 2022–Gabriella Cruz-MartinezPriced-out homebuyers are facing yet another challenge eating away at their budgets: sky-high rent.https://money.yahoo.com/housing-homebuyers-rents-144614590.html