Washington Post, July 7, 2002–Michele LernerMortgage rates headed downward for the second week in a row, giving home buyers a reprieve after a dramatic climb to nearly 6 percent that …
Category: Top National News
Adjustable-Rate Mortgages Have Risks But Can Save You money–and Demand for Them has Tripled Since January
CNBC, July 7, 2022–Mike WintersThe share of adjustible-rate mortgage applications has more than tripled to 10.1% since January, according to June data provided by the Mortgage Bankers Association.https://www.cnbc.com/2022/07/07/adjustable-rate-mortgages-have-risks-but-can-save-you-money.html
Housing Beat: Mortgage Rates Fall Again, Home Price Growth Cools, Roe V. Wade Influences Homebuyers
Benzinga, July 7, 2022–Phil HallThis week in the housing world, mortgage rates declined for the second consecutive week as home price growth slowed, the level of mortgage delinquencies remained low …
CMBS Delinquency Rate Rises For First Time In 6 Months: What You Need To Know
Benzinga, July 7, 2022–Phil HallThe delinquency rate for commercial mortgage-backed securities (CMBS) took a rare upswing in June, marking the first time since last December and only the second time …
Just In: 2Q22 Agency Mortgage Tally Lowest Since Early 2019
Inside Mortgage Finance, July 7, 2022–John BancroftFannie Mae, Freddie Mac and Ginnie Mae issued $449.19 billion of single-family MBS in the second quarter, a 26.6% nosedive from the first three …
Sprout Mortgage to Shutter
HousingWire, July 6, 2022–James KleimannThe closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility. …
How Blockchain Technology Can Transform the Mortgage Industry
Yahoo! Finance, July 6, 2022–Brent XuFourteen years ago, while in the depths of the financial crisis, it was a mystery to many just how a mortgage system so chronically flawed …
Title Insurers are Prepared for Impending Downturn: Fitch
National Mortgage News, July 6, 2022–Brad Finkelstein (subscription)Title insurance underwriters are well-prepared to survive the economic pressures roiling the U.S., as their statutory capital levels should remain strong, a Fitch …
Vinay Singh Sworn in as HUD CFO
HousingWire, July 6, 2022–Maria VolkovaThe position has sat vacant since Irving Dennis, who served as the CFO under President Donald Trump, stepped down in 2020. In his new role as …
Inflation Fears Drove Larger Fed Rate-Increase in June
Wall Street Journal, July 6, 2022–Nick Timiraos (subscription)Federal Reserve officials concluded at their meeting last month that they needed to pick up the pace of interest-rate increases because the inflation …