Wall Street Journal, Sept. 2, 2022–Ben Eisen, Nicole Friedman (subscription)“The ratio is a great indicator for households deciding ‘should we rent or should we go ahead and buy?’” said Edward …
Category: Top National News
Non-QM Impairments Rise 2 Months in a Row for First Time Since 2020
National Mortgage News, Sept. 1, 2022–Bonnie Sinnock (subscription)otal impairments on securitized non-qualified mortgage payments in July rose for two months in a row for the first time since 2020, according …
Wells Fargo Economist: Housing Market ‘Worse Than It Looks’
National Mortgage Professional, Sept. 1, 2022–David KrechevskyWells Fargo Senior Economist Mark Vitner told the San Francisco Business Times that it’s only a matter of time before the true nature of …
Mortgage Rates Soar to their Highest Level Since Late June
Washington Post, Sept. 1, 2022–Kathy OrtonThe 10-minute speech given by Federal Reserve Chair Jerome H. Powell last week continues to impact mortgage rates. According to the latest data released Thursday …
Rocket CEO Farner Keeps Buying Shares
Inside Mortgage Finance, Sept. 1, 2022–Paul MuoloAccording to a new Form 4 filed with the Securities and Exchange Commission, Farner now directly owns 3.87 million shares of Rocket’s common. He’s …
Multifamily Has ‘Ample Leeway’ Before Rents Approach Pre-Pandemic Levels
GlobeSt.com, Sept. 1, 2022–Lynn PollackDemand for multifamily units settled somewhat in the third quarter as household formation normalized and inflation began to hit consumers’ budgets, following an extended period in …
Risky Business: Financial System Needs to Be More Resilient in Face of Disasters
National Mortgage Professional, Sept. 1, 2022–Lew SichelmanWho owns all the risk when buyers ignore all those warnings about climate change and move into regions or even neighborhoods susceptible to floods, …
Review of Federal Home-Loan Banks Is Planned
Wall Street Journal, Sept. 1, 2022–Andrew Ackerman (subscription)Bob Broeksmit, head of the Mortgage Bankers Association, which represents nonbank lenders, said his group welcomed the review. “There’s a need for an …
MBA Economists: The Overcapacity that Still Needs to Be Cut
HousingWire, Aug. 31, 2022–Mike Fratantoni, Marina Walsh, CMB, Joel KanMBA economists address a key question: “How much overcapacity was there in the industry for this level of volume, and how …
Some Buyers Hunt for Opportune ‘Stressed’ Hotel Investments
Wealth Management Real Estate, Aug. 31, 2022–Bendix AndersonThere was no wave of COVID-induced distressed buying in the hospitality sector, but there may be some strategic opportunities to buy now.https://www.wealthmanagement.com/lodging-hotel/some-buyers-hunt-opportune-stressed-hotel-investments?