National Mortgage Professional, June 14, 2022–Sara WolakHispanic homeowners in Florida who were plaintiffs in a federal lawsuit claiming they were targeted by predatory mortgage modification services and discriminated against based …
Category: Top National News
Mortgage Rates, Home Prices Expected to Stabilize, Forecast Says
Washington Post, June 14, 2022–Michele LernerSome changes are expected for the housing market in the coming year, but not all of the changes are negative. For buyers who have been …
A Rare Slowdown in the Outsourcing of Servicing
Inside Mortgage Finance, June 14, 2022–Paul MuoloAfter several years of strong growth, the subservicing sector is starting to flatten out a bit, at least in the first quarter.https://www.insidemortgagefinance.com/articles/224887-a-rare-slowdown-in-the-outsourcing-of-servicing?v=preview
Compass, Redfin Shed Workers Amid Bleak Housing Market
Forbes, June 14, 2022–Derek SaulThe real estate brokerages Compass and Redfin announced large layoffs Tuesday as housing demand plummets, causing their shares to tumble.https://www.forbes.com/sites/dereksaul/2022/06/14/compass-redfin-shed-workers-amid-bleak-housing-market/?sh=6fd7a7084368
Why Real Estate Construction Contract Disputes Are Reaching New Heights
Wealth Management Real Estate, Jun 14, 2022–Loretta ThompsonLessons learned over the last couple years representing owners of both high-end residential and smaller-to-midsize commercial construction projects.https://www.wealthmanagement.com/development/why-real-estate-construction-contract-disputes-are-reaching-new-heights?
MBA Wants Tweaks to FHA’s Second Chance Program
HousingWire, June 13, 2022–Maria VolkovaThe Mortgage Bankers Association sent a letter to the Federal Housing Administration last week asking the administration to shed light on some of the changes made …
U.S. Inflation Tops Expectations, Puts The Squeeze on Housing Industry
Mortgage Professional America, June 14, 2022–Candyd MendozaU.S. consumer inflation accelerated further in May to its fastest pace in over 40 years, putting even more pressure on mortgage rates. (MBA mention)https://www.mpamag.com/us/mortgage-industry/market-updates/us-inflation-tops-expectations-puts-the-squeeze-on-housing-industry/409325
Warehouse Giant Prologis Agrees $26 Bln Merger with Duke Realty
Reuters, June 13, 2022–Aishwarya Nair, Chibuike OguhPrologis Inc., a warehouse-focused real estate income trust, said on Monday it would acquire peer Duke Realty Corp. for about $26 billion, including debt, …
Property Values Fall Across US, Europe on Bite From Inflation
Bloomberg, June 13, 2022–Zainab Fattah, Jack SiddersPrices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach of Hines, with …
N.Y. Fed Survey: Consumers Still Concerned About Home Prices
National Mortgage Professional, June 13, 2022–David KrechevskyThe Federal Reserve Bank of New York’s Center for Microeconomic Data April 2022 Survey of Consumer Expectations was released this morning, and it showed …