Portland (Ore.) Business Journal, Aug. 25, 2022–Jonathan Bach (subscription)The Oregon Mortgage Bankers Association, blaming a bookkeeper, lost its nonprofit status from the Internal Revenue Service. The lawsuit alleges that the …
Category: Top National News
Mortgage Rates Surge Higher as Long-Term Bond Yields Lift Off
Washington Post, Aug. 25, 2022–Kathy OrtonRising bond yields drove mortgage rates higher this week. According to data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 5.55 percent …
A 2Q Market Share Gain for Correspondent Lending
Inside Mortgage Finance, Aug. 25, 2022–John BancroftThe dramatic shift toward purchase-mortgage lending helped the correspondent channel grow its market share in second-quarter mortgage originations, according to a new Inside Mortgage …
Housing Beat For Aug. 25: Mortgage Rates Rise As Home Sales Plummet
ValueWalk, Aug. 25, 2022–Phil HallThe housing market continued to decelerate amid rising mortgage rates and declining home sales. And the situation wasn’t much better for those in rental housing, with …
Silver Lining in Cooled Down Housing Market is Homebuyer Affordability
HousingWire, Aug. 25, 2022–Connie Kim Real estate and mortgage professionals are lamenting the housing market slowdown, but there is one benefit: some buyers are catching a (relative) break. The national …
Pension Funds Are Selling Their Office Buildings
Wall Street Journal, Aug. 25, 2022–Heather Gillers (subscription)Major U.S. and Canadian pension funds are cutting back investments in office buildings, betting that prices will likely fall as the five-day office …
MBA Report Examines Commercial, Multifamily Borrowing Rise
Financial Regulation News, Aug. 25, 2022–Douglas ClarkA Mortgage Bankers Association report showed commercial and multifamily loan originations rose 19 percent in the second quarter of 2022 compared to last year.https://financialregnews.com/report-examines-commercial-multifamily-borrowing-rise/
Investor Share of Single-Family Home Purchases Down in Q2
YieldPro magazine, Aug. 24, 2022–Michael RudyA new report from CoreLogic notes that the share of single-family homes purchased by investors fell from a high of 28 percent in February 2022 …
Suburban Rents Are Soaring, Leaving US Renters With Few Cheap Options
Bloomberg, Aug. 24, 2022–Paulina CacheroFor renters encountering soaring housing costs in US city centers, decamping to the suburbs no longer offers much of a reprieve.https://www.bloomberg.com/news/articles/2022-08-24/renting-in-the-suburbs-isn-t-the-deal-it-used-to-be-as-discounts-shrink?srnd=premium#xj4y7vzkg
Lifting Women Up in the Mortgage Industry
Mortgage Professional America, Aug. 24, 2022–Tony CantuWhen Kimberly “Kim” Lanham first entered the mortgage industry right after the Great Recession of 2008, she witnessed first-hand the figurative detritus left in …