Mortgage Professional America, Sept. 12, 2022–Candyd MendozaRemote work will continue to play a key role in the demand for office space and how it will be used, according to a …
Category: Top National News
Executive Pay Hit Hard in 2021; loanDepot’s Hsieh the Top Earner
Inside Mortgage Finance, Sept. 12, 2022–Paul MuoloMortgage bankers originated a record $4.40 trillion of residential loans last year but most of the top executives at the nation’s publicly traded shops …
Mortgage Equity Withdrawal Still Strong in Q2
Calculated Risk, Sept. 12, 2022In Q2 2022, mortgage debt increased $263 billion, the most since 2006. Note the almost seven years of declining mortgage debt as distressed sales (foreclosures and …
Here Are Some Metros That Might Concern Multifamily Owners
GlobeSt.com, Sept. 12, 2022–Erik ShermanWhile there is no single big slowdown and apartments are moving toward a sustainable balance, in some areas the moderation doesn’t seem to moderate.https://www.globest.com/2022/09/12/here-are-some-metros-that-might-concern-multifamily-owners/?
REIT Total Returns Dropped in August Despite Strong Operational Performance
Wealth Management Real Estate, Sept. 12, 2022–David BodamerPublicly traded real estate investment trust funds from operations hit a new record at $19.6 billion in the second quarter and are now …
Mortgage Tech Newcomers Break Down Old Walls
National Mortgage News, Sept. 12, 2022–Brad Finkelstein (subscription)The pandemic created greater acceptance regarding the use of technology in general, not just in the home lending business. And yet, the mortgage …
Mortgage Rates Driving Up Monthly Payments
WWLP, Sept. 12, 2022–Kayleigh ThomasMortgage rates have reached their highest level since 2008, closing in on six percent. That has a huge effect on people looking to buy a home.https://www.wwlp.com/news/mortgage-rates-driving-up-monthly-payments/
Office Values May See Large Slump But Avoid Sudden Deterioration: MBA Report
American Banker, Sept. 11, 2022–Polo RochaU.S. office values may fall 10% to 20% in the coming years in the likely case that the corporate world settles into a hybrid office-work …
Let Lessons of the Past Shape a More Equitable Housing Finance System
American Banker, Sept. 9, 2022–Alanna McCargo (subscription)Ginnie Mae President defends department’s update of minimum financial requirements for independent mortgage bank issuers, saying broad accees to credit requires a diversified source …
Fed, FDIC, OCC Commit to Implementing Basel III Endgame ‘As Soon As Possible’
American Banker, Sept. 9, 2022–Kyle Campbell (subscription)In a joint statement issued Friday morning, the Federal Reserve, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency said …