National Mortgage News, Aug. 30, 2022–Bonnie Sinnock (subscription)The slowing in residential real estate hasn’t helped with affordability in the entry-level market, but it has slightly relieved competition that previously boxed …
Category: Top National News
Comment: Job, Wage Gains May Cover Increase in Mortgage Rates
Bloomberg Opinion, Aug. 31, 2022–Conor SenThe housing market has been searching for balance ever since mortgage rates rose above 5 percent in April. In his speech at the Jackson Hole …
The U.S. Housing Market Downturn Will Be Worse in 2023, Forecast Goldman Sachs
Fortune magazine, Aug. 31, 2022–Lance LambertThe U.S. entered into its first housing downturn of the post-Great Financial Crisis era. And the worst still awaits. On Tuesday, researchers at Goldman Sachs …
Mountain West Financial Steps Back from Wholesale Lending
HousingWire, Aug. 20, 2022–Flavia Furlan NunesThe Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” …
Mortgage Fintech MonitorBase Contemplates Future Steps
Mortgage Professional America, Aug. 30, 2022–Mark HollmerFounder and CEO Louis Zitting launched MonitorBase in 2007 and the company now employs 23 people. The Utah-based company is bootstrapped and profitable. Zitting …
Bank of America Tests No-Down-Payment Mortgages for Minority Communities
Bloomberg, Aug. 30, 2022–Katherine DohertyBank of America Corp. started a trial program aimed at helping first-time homebuyers in Black and Hispanic neighborhoods by offering mortgages that don’t require down payments, …
Tenant Praised for Not Telling Landlord They’re Leaving After Buying House
Newsweek, Aug. 30, 2022–Rebecca Flood“Homebuyer demand has faltered this summer, as lingering economic uncertainty, high inflation, and still-high mortgage rates caused many prospective buyers to delay their home search,” said …
MBA: A Modest Increase in Purchase Volume Next Year
National Mortgage Professional, Aug. 30, 2022–Doug PageWith the mortgage market coming off of two record-setting years, and currently in a down one, Mortgage Bankers Association Chief Economist Mike Fratantoni predicted …
Bank MSR Values the Highest Since 4Q 2005
Inside Mortgage Finance, Aug. 30, 2020–Namrata BhatiaDollar volume of mortgage servicing rights banks and thrifts handled for other investors remained steady in the second quarter but the value allocation on …
Goldman on the Hampered Housing Market: ‘Further to Fall’
Yahoo Money, Aug. 30, 2022–Brian SozziRising interest rates are thwarting the U.S. housing market’s momentum, hammering many stocks tied to the fortunes in the sector.https://money.yahoo.com/goldman-on-the-housing-market-further-to-fall-100931456.html