Bloomberg, June 16, 2022–Denise PelleginiMortgage Bankers Association chief economist Mike Fratantoni tells Bloomberg Radio’s Denise Pellegini demand for housing will slow, but not stop, and mortgage rates might actually fall …
Category: Top National News
Mortgage Rates Hit 14-Year High as Inflation Persists
Washington Post, June 16, 2022–Kathy OrtonLast week’s higher-than-expected inflation data caused a rapid escalation in mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate …
Housing Beat: Mortgage Rates Soar While Housing Starts Drop
Benzinga, June 16, 2022–Phil HallIt was a seesaw week in the U.S. housing market, with mortgage rates taking off like a rocket while housing starts sank like a rock. (MBA …
Depositories Lose Ground in MSRs, Nonbanks Plow On
Inside Mortgage Finance, June 16, 2022–John BancroftNonbank mortgage servicers continued to gain share in the first quarter of 2022, while the aggregate portfolio held by depository institutions fell slightly, according …
Opinion: Mortgage Industry Liquidity Risk Returns
National Mortgage News, June 15, 2022–Christopher Whalen (subscription)By any measure, the past 24 months have been a roller coaster for the residential mortgage industry.https://www.nationalmortgagenews.com/opinion/mortgage-industry-liquidity-risk-returns?
The U.S. Needs More Homes, But Builders May Be Slowing Construction
NPR, June 15, 2022–Jacqueline GanunRising interest rates and record home prices are making it impossible for many Americans to buy a house, and that’s making builders less confident that if …
CRE Investment Performance Has Been Sizzling
GlobeSt.com, June 15, 2022–Erik ShermanIf you’ve been invested in commercial real estate, you’ve had a superb trailing four quarters—on average. But that depends on what properties your money sat. As …
Rising Interest Rates Could Cool Industrial Investment, Executives Say
Wall Street Journal, June 15, 2022–Liz Young (subscription)Rising interest rates could pinch freight carriers and put industrial real estate transactions on pause, executives say, but tighter policy might help if …
CFPB’s Tactics in Fifth Third Lawsuit Called ‘Pretty Aggressive’
American Banker, June 14, 2022–Kate Berry (subscription)The Consumer Financial Protection Bureau sent a mass email to thousands of the bank’s customers and former employees to gather information about the possible …
U.S. Retail Sales Stumble as Inflation Bites
Reuters, June 15, 2022–Lucia MutkaniU.S. retail sales unexpectedly fell in May as motor vehicle purchases declined amid rampant shortages, and record high gasoline prices pulled spending away from other goods.https://www.reuters.com/markets/us/us-retail-sales-unexpectedly-fall-may-2022-06-15/