Inside Mortgage Finance, June 28, 2022–Paul Muolo (subscription)Pacific Investment Management Co. — which for years has been a behind-the-curtains player in non-agency mortgages — is getting pickier these days about …
Category: Top National News
A Looming Recession Could Force More Employees to Come Back to the Office–or Never Return
Marketwatch.com, June 28, 2022–Jon SwartzThe threat of recession amid a shrinking economy may force a return to the office for employees. Or the end to the office as we know …
Mortgage Rates Increase to Highest Rate Since November 2008
Fox Business, June 28, 2022–Kelsey RamirezThe average 30-year fixed-rate mortgage increased to 5.81% for the week ending June 23, according to Freddie Mac’s Primary Mortgage Market Survey. This is up …
Consumers Are Feeling Less Confident About the U.S. Economy as Prices Keep Rising
CNN Business, June 28, 2022–Alicia WallaceUS consumer confidence continues to sour in the face of high gas and food prices and rising recession risks, according to new data released Tuesday …
MBA, HPC Urge VA to Extend Partial Claim Program
HousingWire, June 28, 2022–Maria VolkovaThe Mortgage Bankers Association and the Housing Policy Council sent a letter to the Department of Veterans Affairs urging the department to delay the expiration of …
The Industrial Sector Is Flourishing in Every Corner of the U.S.
GlobeSt.com, June 28, 2022–Kelsi Maree BorlandFor more than a decade, industrial product has been one of the best performing commercial real estate asset classes, vying neck-and-neck with multifamily for top …
Hottest U.S. Housing Markets Now Have Bigger Share of Price Cuts
Bloomberg news, June 27, 2022–Alexandre TanziU.S. cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to …
Winners and Losers of this Volatile Housing Market
HousingWire, June 27, 2022–Connie KimThe last two years have been good to Christian Dicker. Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages …
Hottest US Housing Markets Now Have Bigger Share of Price Cuts
Bloomberg, June 27, 2022–Alexandre TanziU.S. cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data …
Transcript: San Francisco Fed President Mary Daly Discusses the Interest Rate Outlook
Wall Street Journal, June 27, 2022 (subscription)San Francisco Fed President Mary Daly discussed the inflation outlook and her support for a 0.75-percentage-point rate increase at the central bank’s June 14-15 …