Wealth Management Real Estate, Aug. 17, 2022–Elaine MisonzhnikThe only trend that appears to be undisputable in the return to office story is that there’s no one overarching trend.https://www.wealthmanagement.com/office/where-are-we-return-office-once-again-nobody-same-page?
Category: Top National News
Suddenly, The Housing Market Is Not All About The Sellers
NerdWallet, Aug. 18, 2022–Holden LewisSelling a home these days isn’t as effortless as a year ago, when a seller could choose among competing buyers.https://www.sfgate.com/realestate/article/Suddenly-the-Housing-Market-Is-Not-All-About-the-17381361.php
It Was the Housing Crisis Epicenter. Now the Sun Belt Is an Inflation Vanguard.
New York Times, Aug. 18, 2022–Jeanna SmialekInflation has been worse in Southern cities, burdening residents and prompting the question: What can it teach the rest of the country?https://www.nytimes.com/2022/08/18/business/economy/sun-belt-inflation.html
Mortgage Servicer Fay Servicing to Pay $3.2 Million for Deceptive Practices in Massachusetts, AG Says
MassLive, Aug. 17, 2022–Tréa LaveryA national mortgage servicer will pay $3.2 million to Massachusetts consumers in a settlement with the state Attorney General’s Office over allegations of unfair and deceptive …
First-Mortgage Default Rate Gets Closer to September 2020’s High
National Mortgage News, Aug. 17, 2022–Bonnie Sinnock (subscription)The first-mortgage default rate in July rose closer to a high it hasn’t reached in almost two years, according to Standard & Poor’s …
U.S. Retail Sales Flat on Gasoline Price Drop; Consumer Spending Resilient
Reuters, Aug. 17, 2022–Lucia MutikaniU.S. retail sales were unexpectedly unchanged in July as falling gasoline prices weighed on receipts at service stations, but consumer spending appeared to pick up at …
EagleBank Settles Insider-Lending Charges Brought by Regulators
HousingWire, Aug. 17, 2022–Bill ConroyEagleBank, one of the largest community banks in metro Washington, D.C., has reached settlements with both the Federal Reserve Board and the U.S. Securities and Exchange …
Blend Labs Has Cut 420 Jobs Since April
National Mortgage Professional, Aug. 17, 2022–David KrechevskyBlend Labs Inc. says it has cut 25% of its workforce since April as it struggles to improve its financial position following a $478 …
Fed Officials See Need for Continued Interest-Rate Increases, but Less Certainty Over Destination
Wall Street Journal, Aug. 17, 2022–Nick Timiraos (subscription)Federal Reserve officials agreed at their meeting last month they needed to keep raising interest rates enough to slow the economy and likely …
Mortgage Originators Continue to Face Strong Headwinds
Mortgage Professional America, Aug. 17, 2022–Tony CantuMortgage originators continue to experience strong headwinds with rate lock activity down four straight months and declines across all loan purpose types, according to …