Washington Post, July 14, 2022–Kathy OrtonAfter the biggest one-week decline since 2008, mortgage rates headed back up. According to data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped …
Category: Top National News
Better.com the Subject of an SEC Inquiry, Fintech Posted Large Loss in 1Q22
Inside Mortgage Finance, July 14, 2022–Paul MuoloBetter.com, the controversial mortgage fintech helmed by former investment banker/tech mogul Vishal Garg, posted a stunning $221.4 million loss in the first quarter, according …
Housing Beat: Mortgage Rates Soar Again, Non-QM Rides On, The Best And Worst Rental Markets
Benzinga, July 14, 2022–Phil HallThe renewed rise in mortgage rates, a major mortgage-backed securities deal featuring non-qualified mortgages and a cooling in rental housing prices dominated this week’s housing and …
Surfside Tragedy Makes Condo Buying More Challenging Nationwide
Washington Post, July 14, 2022–Kathy OrtonReal estate agents, condo associations and mortgage brokers say the new rules from Fannie Mae and Freddie Mac are having a chilling effect on the …
United Wholesale Mortgage Mourns Death of 55-Year-Old CFO Timothy Forrester
HousingWire, July 13, 2022–Connie KimTimothy Forrester served as CFO at UWM for 10 years. He also was a longtime member of the Mortgage Bankers Association, serving on its finance committee. …
Wells Fargo Mostly Defeats Two Lawsuits Over Mortgage Losses
Reuters, July 12, 2022–Jonathan StempelWells Fargo & Co on Tuesday won the dismissal of one lawsuit and much of a second accusing the fourth-largest bank of failing to monitor toxic …
PLS Deals Backed by Jumbo Loans Plummeted in June
HousingWire, July 13, 2022–Bill ConroyJune was a rough month for jumbo-mortgage securitizations, with only two private-label offerings — together valued at roughly $821 million — brought to market. (MBA mention)https://www.housingwire.com/articles/pls-deals-backed-by-jumbo-loans-plummeted-in-june/
Signs the Housing Market is Turning More Buyer-Friendly
ABC News, July 13, 2022–Alexis ChristoforousA growing number of sellers now recognize new limits to their pricing power, as the days of sellers asking — and getting — their “make …
Despite Mortgage Rate Dropoff, Refis ‘Expected to Remain Depressed’
MReport, July 13, 2022–Eric C. PeckThe latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association found that overall mortgage application volume fell 1.7% week-over-week, marking the second consecutive week …
How CRE Deal-Making Dynamics Are Shifting
Multi-Housing News, July 13, 2022–Gil UhlhornAs the market cools, commercial and multifamily buyers are gaining the upper hand when it comes to concessions, says Gil Uhlhorn of Bass, Berry & …