Inside Mortgage Finance, July 21, 2022–John Bancroft (subscription)Production was down in the agency market almost everywhere you look, but the FHA program and private mortgage insurers managed to gain share …
Category: Top National News
Rocket Offers Borrowers Access to Rebranded Personal Finance App
National Mortgage News, July 21, 2022–Bonnie Sinnock (subscription)Rocket Companies has announced that it’s providing its 2.6 million mortgage servicing customers with free premium access to its recently acquired personal finance …
Seniors Housing Investor Sentiment Remains Stable Despite Economic Headwinds
Wealth Management Real Estate, July 21, 2022–Beth Mattson-TeigFundamentals continue to improve, but rising costs, inflation and interest rate hikes are tempering enthusiasm even as seniors housing continues to bounce back …
How Moderna’s Covid Vaccine Boosted Boston’s Real Estate Market
Wall Street Journal, July 21, 2022 (subscription)Moderna’s hiring spree and soaring stock led to an uptick in luxury home purchases by its employees during the pandemic.https://www.wsj.com/articles/how-modernas-covid-vaccine-boostedbostons-real-estate-market-11658404871?
Opinion: Existing Home Sales are Still Savagely Unhealthy
HousingWire, July 21, 2022, Logan MohtashamiThe savagely unhealthy housing market is continuing as we get closer to August. But, there is one bright spot — inventory is rising.https://www.housingwire.com/articles/existing-home-sales-are-still-savagely-unhealthy/?
Burned by the Housing Market, Americans Are Moving to Europe
NASDAQ/Motley Fool, July 20, 2022With a brutal housing market at home, there’s an influx of Americans turning toward the greener pastures of Europe’s relatively cheap housing.https://www.nasdaq.com/articles/burned-by-the-housing-market-americans-are-moving-to-europe
Challenges Ahead as Home Sales, Mortgages, Refinances Continue to Fall
Credit Union Times, July 20, 2022–Jim DuPlessisMortgage applications fell for the third week in row, reaching their lowest level since 2000, the Mortgage Bankers Association reported Wednesday. Meanwhile, the National …
European Central Bank Expected to Raise Rates at Meeting
New York Times, July 21, 2022Raising interest rates is the crucial next step in ending the European Central Bank’s era of ultra-loose monetary policy support.https://www.nytimes.com/live/2022/07/21/business/ecb-meeting-inflation-interest-rates
Frank Nothaft, Former Freddie Mac Chief Economist, Communicated Complex Ideas Simply
Wall Street Journal, July 20 2022–Orla McCaffrey (subscription)Dr. Frank Nothaft died on June 5 while running a 5K race in McLean, Va. The suspected cause was a heart arrhythmia. Nothaft …
To Boost Affordable Housing, a New York Bank Launched an Investment Fund
American Banker, July 20, 2022–John ReostiNBT Bancorp in Norwich, N.Y., is leveraging a core competency, commercial real estate lending, as part of a project that aims to increase the stock …