The Housing Scene (UExpress), July 1, 2022–Lew SichelmanYou’ve paid an ungodly amount for your house. You’ve also paid more than you can believe in closing costs. But if you are …
Category: Top National News
Inflation is Making Homelessness Worse
Washington Post, July 3, 2022–Abha Bhattarai, Rachel SiegelRising housing costs, combined with persistent inflation for basic necessities such as gas and food, have left more Americans newly homeless and millions …
Are We Entering the Age of Pay Transparency?
Mortgage Professional America, July 3, 2022–John DujayMany employees are becoming more and more curious about what their colleagues are making, in an ongoing effort to institute pay equity. But could …
Are You Allowing Good Loans To Die?
National Mortgage Professional, July 2022–Lew SichelmanWould it surprise you to know you could close maybe a third or more of all the loans you might otherwise decline?https://nationalmortgageprofessional.com/news/are-you-allowing-good-loans-die
If the U.S. Is in a Recession, It’s a Very Strange One
Wall Street Journal, July 4, 2022–Jon Hilsenrath (subscription)The U.S. economy has experienced 12 recessions since World War II, and each one included two features: Economic output contracted and unemployment rose. …
Op-Ed: With Layoffs Left and Right, is a Mortgage Lender Crisis on The Horizon?
Candy’s Dirt, July 4, 2022–Ryan Casey StephensMany readers will remember when names like Bear Stearns, Countrywide, and Washington Mutual shut their doors. You’re likely wondering if this is just the …
Pandemic Created New Opportunities for Commercial Real Estate Sector
Times-Union (Albany, N.Y.) July 1, 2022–Larry RulisonThe stock market may be in a free fall and the housing market may be losing a bit of its luster as mortgage rates …
Biden Administration Weighs Move to Trim Mortgage Costs as Home Prices Rise
Wall Street Journal, July 2, 2022–Andrew Ackerman (subscription)The Biden administration is weighing a move to trim mortgage costs for first-time and lower-income buyers, a bid to boost affordability when average …
Correspondents Gain Share in FHA/VA Market
Inside Mortgage Finance, July 1, 2022–Monica Hogan (subscription)Total FHA/VA lending by the group shrank 21.8% to $78.03 billion.https://www.insidemortgagefinance.com/articles/225037-correspondents-gain-share-in-fhava-market?
As Mortgage Rates Rise, Here’s Exactly How More Homebuyers Are Snagging Mortgage Rates Around 4%
MarketWatch, July 1, 2022–Alisa WolfsonARMs are making a comeback as housing affordability challenges and rising mortgage rates drive more home buyers to adjustable-rate mortgages. Mortgage Bankers Association data shows the …