Mortgage Professional America, June 10, 2022–Tony CantuJust as the multifamily sector has begun being touted as an investment alternative amid growing housing affordability, new research indicates regulations account for a …
Category: Top National News
What’s On the Other Side of the Fence?
The Housing Scene (UExpress), June 10, 2022–Lew SichelmanYou can’t pick your neighbors. You can pick your neighborhood, though, and it is a good idea to give that as much thought …
How a D.C. Bureaucrat Amassed Power Over Businesses, Banks and Consumers
Wall Street Journal, June 9, 2022–Ryan Tracy, Andrew Ackerman (subscription)Rohit Chopra nominally heads only the Consumer Financial Protection Bureau but has gained substantial clout at the FDIC and FTC as …
Freddie Mac Eases Granny Flat Financing
Orange County Register, June 9, 2022–Jeff LazersonIt just got a lot easier to qualify for a mortgage covering the construction costs of an accessory dwelling unit, commonly called casitas, in-law …
FDIC Study Finds Minorities Pay Thousands More to Refinance
National Mortgage News, June 9, 2022–Kate Berry (subscription)A study by the Federal Deposit Insurance Corp. has found that Black and Hispanic home loan applicants are denied conventional loans at higher …
Helping Drive Affordable Housing
Digital Title News, June 9, 2022–Jeremy YoheJeff McEvoy’s company is participating in the MBA’s CONVERGENCE Memphis initiative to increase African American homeownership. In these communities, CONVERGENCE Memphis efforts are amplifying …
Mortgage Credit Availability at 11-Month Low
National Mortgage News, June 9, 2022–Brad Finkelstein (subscription)Mortgage product availability tightened for the third consecutive month, falling to its lowest level since last July, the Mortgage Bankers Association said.https://www.nationalmortgagenews.com/news/mortgage-credit-availability-at-11-month-low
Home Buyers Finding Creative Ways to Make All-Cash Offers in Hot Market
Wall Street Journal, June 9, 2022–Orla McCaffrey (subscription)Some potential buyers are pooling their money with family or paying companies to make cash bids on their behalf.https://www.wsj.com/articles/home-buyers-are-finding-creative-ways-to-make-cash-offers-11654767001?mod=hp_lead_pos11
More Layoffs Hit Charlotte Mortgage Industry; Nearly 50 Workers will Lose Their Jobs
Charlotte Observer, June 9, 2022–Hannah LangWyndham Capital Mortgage is permanently laying off 48 employees of its local headquarters near Southpark, according to a notice filed with the NC Department of …
Two Mortgage Lenders Announce Merger
Mortgage Professional America, June 9, 2022–Tony CantuCalifornia-based Doorway Home Loans has merged with Priority Mortgage in Ohio, largely as a way to soften the blow of a challenges fueled by …