National Mortgage News, July 1, 2022–Bonnie Sinnock (subscription)The Federal Housing Finance Agency is moving ahead with a controversial new charge for now, but it’s simultaneously exploring alternatives that may include …
Category: Top National News
A 3% Mortgage? Leveraging Your Stocks to Buy a Home
Bloomberg news, July 1, 2022–Alexis LeondisA hot new trend among would-be buyers is to borrow against their investment portfolios to access cheap funds as traditional rates soar.https://www.bloomberg.com/opinion/articles/2022-07-01/a-3-mortgage-leveraging-your-stocks-to-buy-a-home
Cooling Demand for Goods Threatens to Turn Pandemic Boom Into Bust
Wall Street Journal, July 1, 2022–Paul Hannon and David Harrison (subscription)Surveys of businesses in the U.S., Europe and Asia point to falling new orders as some factories turn to clearing …
How LinkedIn Redesigned Its Flagship for Hybrid Work
Wall Street Journal, July 1, 2022 (video)At LinkedIn’s new flagship office, desks are no longer the primary focus. With dozens of different work settings and conference room setups, the company …
FICO Score Simulator Paves Approval Path for Borderline Homebuyers
Orange County Register, June 30, 2022–Jeff LazersonThe tools used to help borrowers to reach their targeted middle FICO scores are called “what if” simulators and “way-finder” and are provided by …
Home Listings Surge as Rising Mortgage Rates Push Some Buyers to Sidelines
MoneyWatch, June 30, 2022–Megan CerulloNew housing inventory grew rapidly in June as the recent spike in mortgage rates pushed some buyers to the sidelines. That’s easing an acute supply shortage, …
Mortgage Market Tumult Pushes Pimco-Backed Home Lender Into Chapter 11
Wall Street Journal Pro, June 30, 2022–Becky Yerak (subscription)Residential lender First Guaranty Mortgage Corp. filed for bankruptcy, citing worsening conditions in the mortgage market as home sales slow and fewer …
4M Baby Boomer Homes Should Hit Market Each Year Till 2032
National Mortgage News, June 30, 2022–Brad Finkelstein (subscription)Aging baby boomers leaving their existing homes either through downsizing or death will have minimal impact on housing inventory and prices over the …
Possible New AML Regulations for Real Estate Sector Will Require Extra Diligence
JDSupra, June 30, 2022–Danielle KnightThe real estate sector looks to be coming under increased scrutiny from government regulators and enforcement agencies for its compliance with anti-money laundering and reporting obligationshttps://www.jdsupra.com/legalnews/possible-new-aml-regulations-for-real-3257283/
Rents Have Bounced Back to Prepandemic Levels in Most Major Cities. San Francisco Isn’t One of Them
Wall Street Journal, June 30, 2022–E.B. Solomont (subscription)Although rental markets in major U.S. cities surged to record highs last year, San Francisco’s recovery has lagged behind.https://www.wsj.com/articles/rents-have-bounced-back-to-prepandemic-levels-in-most-major-cities-san-francisco-isnt-one-of-them-11656604862?