Wall Street Journal, Sept. 15, 2022–Gwynn Guilford, Paul Overberg (subscription)In 2021, 27.6 million people reported primarily working from home nationwide, up from 9 million in 2019, according to new 2021 …
Category: Top National News
Fannie Mae Fee Unfairly Hurts Borrowers Using Mortgage Brokers
Orange County Register, Sept. 15, 2022–Jeff LazersonThis fee “leads to unintended and inappropriate pricing distortions, which creates an unlevel playing field among lenders and simultaneously harms borrowers,” a statement by …
CFPB, FTC Say Court Ruling Would Undercut Credit Reporting Law
National Mortgage News, Sept. 15, 2022–Polo Rocha (subscription)In a court filing this week, the two agencies argued that the ruling “undercuts a central remedial purpose” of the Fair Credit Reporting …
Mortgage Rates Top 6%, But Can Homebuyers Get A Bargain Soon?
ValueWalk, Sept. 15, 2022–Phil HallMortgage rates passed the 6% mark for the first time in 12 years – and while mortgage applications continue to be in decline, it is possible …
U.S. Retail Sales Unexpectedly Rise, But inflation Hampering Spending
Reuters, Sept. 15, 2022–Lucia MutikaniU.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, but demand is …
HUD Probe into Valuation Bias Focuses on Appraisal Foundation
National Mortgage News, Sept. 15, 2022–Kyle Campbell (subscription)HUD is investigating allegations of discriminatory policymaking by one of the appraisal profession’s key quasi-regulatory bodies. The probe is centered on the Appraisal …
Commercial and Multifamily Delinquencies Stay Down
Mortgage Professional America, Sept. 15, 2022–Mika PangilinanCommercial and multifamily mortgage delinquencies declined in the second quarter of 2022, according to a new report from the Mortgage Bankers Association.https://www.mpamag.com/us/specialty/commercial/commercial-and-multifamily-delinquencies-stay-down/420627
U.S. House Passes VA Appraisal Modernization Legislation
National Mortgage Professional, Sept. 15, 2022–Katie Jensen“MBA is grateful to the House for passing with bipartisan support this commonsense bill to make VA home loan financing more accessible and affordable …
Mortgage Rates Surpass 6 Percent for the First Time Since 2008
Washington Post, Sept. 15, 2022–Kathy OrtonMortgage rates shot above 6 percent this week for the first time in 14 years as inflation has remained resistant to the Federal Reserve’s efforts …
There Seems to be More Caution About Data Centers Lately. Is it Justified?
Wealth Management Real Estate, Sept. 14, 2022–Buck WargoDuring the pandemic, data centers became one of the best performers for real estate investors because of the increased demand for web services. …