GlobeSt.com, July 13, 2022–Ingrid TunbergChristine Chandler, Chief Credit Officer and Chief Operating Officer with M&T Realty Capital Corp., Baltimore, was named a Woman of Influence by GlobeStreet magazine. She and …
Category: Top National News
Rocket Mortgage Enters Canadian Market with Acquisition
DBusiness (Detroit), July 13, 2022–Jake BekemeyerEdison Financial, a digital mortgage broker based in Windsor, Ontario, announced it will officially change its name to Rocket Mortgage Canada on Aug. 8, doing …
Why the Pandemic Downturn Has Been Among the ‘Most Benign’ for the Office Sector
Wealth Management Real Estate, July 13, 2022–Patricia KirkFor two years, headlines have screamed about a bloodbath in the office sector. New research shows those headlines have little in common with …
As the Cost-Reduction Hatchet Swings, Another Mortgage CEO Vows No Layoffs
National Mortgage News, July 13, 2022–Paul Muolo (subscription)Southeast Mortgage CEO Cal Haupt says his employees are family, “Not the media version stated by others.”https://www.insidemortgagefinance.com/articles/225122-as-the-layoff-hatchet-swings-another-mortgage-ceo-vows-no-layoffs?
Mortgage Rates Edge Back Down. More Volatility Looms
Mortgage News Daily, July 13, 2022–Matthew GrahamMortgage rates moved sharply higher last week relative to where they ended the previous week. In the 3 weeks before that, rates fell at …
Demand for Big Mortgages is Shrinking as Home Prices Moderate and Expensive Houses Linger on the Market
CNBC, July 13, 2022–Diana OlickMortgage applications to purchase a home fell 4% for the week and were 18% lower than the same week one year ago. “Purchase applications for both …
5 Signs the Housing Market Is Finally Cooling Down
Money magazine, July 12, 2022–Sarah HansenTalk about a turnaround: After two years of extreme bidding wars, packed open houses and sky-high prices, the housing market is finally starting to cool …
Mortgage Giant Cuts Thousands Of Jobs—Warns Of ‘Accelerated’ Downturn As Housing Market Abruptly Collapses
Forbes, July 12, 2022–Jonathan PoncianoMortgage originator loanDepot on Tuesday unveiled a plan to cut thousands of jobs and reduce costs “significantly” as higher interest rates sink mortgage demand—becoming the latest …
Why the CFPB is Still Writing Its Small Business Data Rule a Decade Later
American Banker, July 12, 2022–Kate Berry (subscription)One of the Consumer Financial Protection Bureau’s most important rules — requiring that lenders collect data on small-business loans — has proven to be …
Fresh US Inflation Peak to Keep Fed on Aggressive Rate Path
Bloomberg, July 12, 2022–Olivia RockemanThe consumer price index probably increased 8.8% from a year earlier, marking the largest jump since 1981, according to the median forecast in a Bloomberg survey. …