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 …
Category: Top National News
How the Fed and the Biden Administration Got Inflation Wrong
Wall Street Journal, June 13, 2022–Nick Timiraos, Jon Hilsenrath (subscription)In recent weeks, top officials in the Biden administration and Federal Reserve have publicly conceded that they made mistakes in their …
How Servicers are Putting Available Originators to Work
National Mortgage News, June 13, 2022–Brad Finkelstein (subscription)Today, servicers could be missing an opportunity if they ignore the displaced experienced talent from the origination business. After all, loan modification activity …
Bonds No Longer a Safe Haven? 10-Year Treasury Tops 3.33%
Inside Mortgage Finance, June 13, 2022–Paul MuoloThe yield on the benchmark 10-year Treasury reached a new 52-week high of 3.33% briefly before simmering down ever so slightly. The reason behind …
The Mid-Year 2022: Gauging the Impact of Rising Rates on Commercial Real Estate
Commercial Real Estate Direct/Trepp, June 13, 2022–Orest MandzyThe relatively conservative underwriting among CMBS lenders since the Great Recession was fortuitous, as the refinancing risk appears to be relatively muted. And …
Not Out of the Woods Yet: Non-QM Whole-Loan Prices
Inside Mortgage Finance, June 10, 2022–Paul MuoloAlthough originators of non-qualified mortgages are feeling better about their prospects these days — thanks, in part, to interest rates simmering down a bit …
Luxury-Home Sales in US Plunge Most Since Start of the Pandemic
Bloomberg, June 10, 2022–Prashant GopalLuxury-home sales in the US are sinking as inflation, economic uncertainty and the stock-market slump push wealthy buyers to the sidelines. The biggest drop was on …
Investors from 3 Asian Nations Have Heartiest Appetite for U.S. MBS
HousingWire, June 10, 2022–Bill ConroyAs Fed unwinds MBS holdings, foreign investors could play key role in absorbing supply.https://www.housingwire.com/articles/asian-investors-have-heartiest-appetite-for-us-mbs/
Layoffs Hit Three More Mortgage Lenders
National Mortgage News, June 10, 2022–Andrew Martinez (subscription)Wyndham Capital, Open Mortgage and reverse mortgage lender American Advisors Group eliminated jobs [last] week.https://www.nationalmortgagenews.com/news/layoffs-hit-three-more-mortgage-lenders
Mortgage Lending Standards Tighten, Supply at Lowest Levels Since July
GlobeSt.com, June 10, 2022–Paul BergeronThe Mortgage Credit Availability Index, a metric from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology, fell by 0.9 percent in May to …