National Mortgage Professional, June 21, 2022–Katie JensenThe Mortgage Bankers Association (MBA) and National Fair Housing Alliance (NFHA) announced a new online toolkit for mortgage lenders interested in developing Special Purpose …
Category: Top National News
MBA Balks at Proposed SEC Emissions Rules
National Mortgage Professional, June 21, 2022–Tony CantuThe Mortgage Bankers Association has submitted a letter to the US Securities and Exchange Commission related to the regulatory agency’s notice of proposed rulemaking …
Trouble Ahead? Seller Repurchases of Fannie/Freddie Loans Spike
Inside Mortgage Finance, June 21, 2022–John BancroftFannie Mae and Freddie Mac reported a sharp increase in seller buybacks during the first quarter.https://www.insidemortgagefinance.com/articles/224946-trouble-ahead-seller-repurchases-of-fanniefreddie-loans-spike?v=preview
Apartment Players Are ‘Holding Their Breath’ Despite Surging Rents
GlobeSt.com, June 21, 2022–Paul BergeronEven with the recent steady rise in apartment rents–by double-digits in many markets–that degree of revenue gains is unsustainable, said apartment operator Mike Brewer of RADCO …
Empty Wall Street Offices to Be Revived as Apartments
Wall Street Journal, June 21, 2022–Rebecca Picciotto (subscription)A venture of two New York developers has purchased a one-third empty office building in the city’s financial district with plans to convert …
Why Is It So Hard To Buy A House In America Right Now?
New York Times The Daily (podcast), June 21, 2022–Kaitlin RobertsWhen Drew Mena and Amena Sengal decided last year to sell their home in New York and relocate their young family …
Opinion: Mortgage Lenders Timed the Market Perfectly
Bloomberg, June 21, 2022–Marc RubinsteinWhen people look back on the market euphoria of 2021, there’s plenty to pick over: Meme stocks, SPACs, digital coins — all of them capture the …
Housing’s Slowdown Has Economy on the Edge
Bloomberg, June 19, 2022–Brooke SampleNews of a cooling housing market might be a relief to some, but we’ll be living with the aftereffects for a long time to come.https://www.bloomberg.com/opinion/articles/2022-06-19/housing-market-cools-off-but-it-s-a-tough-road-ahead#xj4y7vzkg
New Residential Rebrands Itself to Rithm Capital
National Mortgage News, June 17, 2022–Spencer Lee (subscription)New Residential Investment Corp., the mortgage real estate investment trust and parent company to nonbank lender Newrez, is changing its name to Rithm …
Here’s Why This Housing Downturn is Nothing Like the Last One
CNBC, June 20, 2022–Diana OlickAmerica’s housing market is in far better health today. That’s thanks, in part, to new lending regulations that resulted from that meltdown. Those rules put today’s …