National Mortgage News, Aug. 22, 2022–Brad Finkelstein (subscription)Both bank and nonbanks are starting in — or returning to — this segment as they look to make up for declining originations. …
Category: Top National News
Homestead Poaching Lawsuit Moved To Federal Court
National Mortgage Professional, Aug. 22, 2022–Steve GoodeA lawsuit filed by Homestead Funding Corp. in New York State Court alleging that Fairway Independent Mortgage Corp. had poached a high-earning employee and …
Bank Appetite Boosted Jumbo Production in 2Q22
Inside Mortgage Finance, Aug. 22, 2022–Brandon IveyOriginations of non-agency jumbo mortgages increased in the second quarter on a sequential basis and the sector even boosted its market share thanks to …
Is Dry Powder in the CRE Space Ready to Move Off the Sidelines?
Wealth Management Real Estate, Aug. 22, 2022–Beth Mattson-TeigFunds and real estate investment trusts that built up massive war chests are taking steps to make deals despite current uncertainties over optimal …
Powell Has Chance to Reset Market Expectations at Jackson Hole
Bloomberg, Aug. 21, 2022–Matthew Boesler, Jana RandowFederal Reserve Chair Jerome Powell will have a chance — if he wants to take it — to reset expectations in financial markets when …
Why Lenders are Returning to FHLBs for Funding
American Banker, Aug. 19, 2022–Polo Rocha (subscription)Strong loan growth has lenders returning to the Federal Home Loan banks for advances, with lenders tapping the banks to fund their loans again …
Home Appraised With a Black Owner: $472,000. With a White Owner: $750,000
New York Times, Aug. 19, 2022–Debra KaminNathan Connolly and his wife, Shani Mott, say an appraisal company undervalued their home based on their race. The couple has filed a lawsuit …
Wall Street Bullish on Homebuilders Despite Slowdown in Sector
Bloomberg, Aug. 19, 2022–John HylandInvestors remain optimistic even as economic data cool in JulyConstruction starts, mortgage applications and existing home sale data this week all pointed to signs of cooling …
Commercial and Multifamily Markets Post Double-Digit Gains
Mortgage Professional America, Aug. 19, 2022–Candyd MendozaBorrowing and lending backed by commercial real estate set another quarterly record, driven by a rise in retail, hotel, and multifamily originations, according to …
Declining Share Of Mortgage Banks Show Profitability
National Mortgage Professional, Aug. 19, 2022–Keith GriffinIndependent mortgage banks and mortgage subsidiaries of chartered banks on average showed a net loss of $82 for every loan originated in the second …