National Mortgage Professional, June 24, 2022–Keith GriffinAmerican Financial Network Inc., a mortgage lender based in Brea, Calif., has agreed to pay $1,037,145 to resolve allegations that it improperly and fraudulently …
Category: Top National News
Student-Loan Forgiveness for Public-Service Workers Totals $8.1 Billion Since October
Wall Street Journal, June 24, 2022–Gabriel T. RubinThe Biden administration’s overhaul of a largely moribund student debt forgiveness program for public-service employees has led to $8.1 billion in approved relief …
New Home Sales Are Up, But Fewer People Are Looking For New Homes
Benzinga, June 24, 2022–Phil HallTwo new housing data reports find an increasing volume of new home sales and a drop in the number of people seeking out these properties.https://www.benzinga.com/news/22/06/27844641/new-home-sales-are-up-but-fewer-people-are-looking-for-new-homes
A Nice Gain for Second-Lien Lending, but Outstandings Shrink
Inside Mortgage Finance, June 24, 2022–Paul MuoloLenders funded $60.0 billion of residential second liens in the first quarter of 2022, a sturdy 23.7% sequential improvement, and one of the best …
Listing Data Often Comes Up Short
The Housing Scene (UExpress), June 24, 2022–Lew SichelmanThree out of four homebuyers start their house hunt online. But if that’s the extent of your search, you could be missing out …
Lack of Supply, Negative Leverage Limit Hotel Transactions
Hotel News Now (CoStar), June 24, 2022–Dana MillerAs uncertainties linger, the question among investors today is whether to pump the brakes on buying hotel assets.https://www.costar.com/article/464112731/lack-of-supply-negative-leverage-limit-hotel-transactions
‘The Deals Will Be Abundant’: Las Vegas Real Estate Prices Steadily Decreasing
KTNV, Las Vegas, June 24, 2022–Alyssa BethencourtFor more than two years, prospective home buyers have been drowning in a competitive market. Aside from low inventory, cash offers poured in and …
The Housing Market Squeeze Pushes Renters Into Bidding Wars
NPR, June 24, 2022–Jennifer LuddenMany forces have combined to create a rental market that’s setting records for a lack of vacancies and high costs. A big one is a historic …
Banks Hit Cruise Control for the 2022 Stress Tests
American Banker, June 23, 2022–Kyle Campbell (subscription)Collectively, the 33 banks included in the assessment had a stress minimum capital ratio of 9.7%, more than double the minimum required by the …
FHFA: No Delay on 50bps Fee, but Open to ‘Engagement’
HousingWire, June 23, 2022–Georgia KromreiIn a statement, FHFA Director Sandra Thompson said her agency was “committed to the continued strength and resilience” of the process for issuing single securities, “given …