Yahoo! Finance, Sept. 17, 2022–Nancy Sarnoff“Higher mortgage rates have pushed refinance activity down more than 80% from last year and have contributed to more homebuyers staying on the sidelines,” said …
Category: Top National News
RMBS Market Up Again in June, Agency Hums Along
Inside Mortgage Finance, Sept. 16, 2022–John BancroftValuations of single-family MBS may have gotten a little squishy during the second quarter of 2022, but the market kept growing anyway.https://www.insidemortgagefinance.com/articles/225700-rmbs-market-up-again-in-june-agency-hums-along?v=preview
Housing the Homeless With a Helping Hand
Multi-Housing News, Sept. 15, 2022–Lew SichelmanHousing is key to addressing homelessness. But it is not the solution in and of itself, according to a new report from the Urban Institute. …
Citigroup Submits Multiyear Plan to Address Fed Concerns–Sources
Reuters, Sept. 16, 2022–Saeed Azhar, Pete SchroederCitigroup has submitted a comprehensive multiyear plan to the Federal Reserve and the Office of the Comptroller of the Currency outlining steps to fix …
There’s an Unusual Thing Happening in the Housing Market
Bloomberg, Sept. 16, 2022–Tracy AllowayThe rapid pace of rate hikes has resulted in an interesting statistical anomaly. Months of supply — or the number of months it would take for …
Rocket Launches Program To Discount 1st-Year Mortgage Payments
National Mortgage Professional, Sept. 16, 2022–David KrechevskyThe competition between the nation’s largest lenders to give homeowners a break continues. Detroit-based Rocket Mortgage, the nation’s largest mortgage lender, today launched Inflation …
As Mortgage Rates Top 6%, More Borrowers Choose Adjustable-Rate Loans
Wall Street Journal, Sept. 16, 2022–Julia Carpenter (subscription)Mortgage rates surged past 6% this week, pushing already pricey homes further out of reach for many borrowers. Discouraged buyers might choose to …
Sustaining Deeply Affordable Housing Requires Significant Ongoing Funding Beyond Initial Development Costs
MinnPost, Sept. 16, 2022–Jon Gutzmann and Lisa FeidlerFailure to ensure a sustainable, ongoing funding beyond development brings the viability of keeping units deeply affordable into question, jeopardizing the housing stability …
Is The Housing Market Really Crashing? Redfin’s Chief Economist Shares Her Predictions
Morningstar, Sept. 16, 2022–Danielle HyamsInflation is high and interest rates keep rising, leading to a lot of speculation about the housing market, with many throwing around the word “crash.” Danielle …
How To Exit a Sales Contract
The Housing Scene (UExpress), Sept. 16, 2022–Lew SichelmanThere are a bunch of ways to get out of your contract if you get cold feet. But failing to show up at …