Bloomberg, June 8, 2022–Arianne CohenReal estate agents nationwide report that their clients are increasingly opting for dual residence: a small pied-a-terre near the office and a larger home within an …
Category: Top National News
VantageScore Notches a Win in FICO-Dominated Securitization Market
National Mortgage News, June 7, 2022–Polo Rocha (subscription)The FICO credit score has long been dominant in consumer securitizations — where lenders bundle consumer loans so that investors can buy a …
‘It’s Math:’ How Mortgage Solutions Companies are Fighting for Survival
HousingWire, June 8, 2022–Connie KimWith a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected.https://www.housingwire.com/articles/its-math-how-mortgage-solutions-companies-are-fighting-for-survival/
Survey Pinpoints Pain Points Of Home Sales
National Mortgage Professional, June 8, 2022–Sarah WolakSelling your home is bad for your mental health. That’s the opinion of 62% of 2,000 home sellers who participated in an online survey …
Better.com, Garg in Hot Water Once Again
Inside Mortgage Finance, June 8, 2022–Paul MuoloBetter.com, the controversial mortgage fintech that made national news by firing 900 workers via a Zoom call late last year, has a new problem …
Mortgage Demand Falls to the Lowest Level in 22 Years Amid Rising Rates, Slowing Home Sales
CNBC, June 8, 2022–Diana OlickTotal mortgage application volume fell 6.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand hit the lowest …
SFR Investors Continue their Development Push with New Build-to-Rent Projects
Wealth Management Real Estate, June 8, 2022–Bendix AndersonClose to 5 percent of all the single-family houses that developers started to build in 2022 are planned to be operated as rental …
Better.com Misled Investors Ahead of Stalled SPAC Deal, Former Executive Alleges
Wall Street Journal, June 7, 2022–Ben Foldy (subscription)A former senior executive at Better.com alleged in a lawsuit that the online mortgage lender misled investors in financial filings and other representations …
When Preserving Affordable Housing Is Cheaper Than Building It
Next City, June 8, 2022–Hadassah PattersonWhile building affordable housing is a hot topic, new buildings only account for about a quarter of the affordable housing market. The rest is comprised …
Mortgage Statements May be Subject to Collection Rules: 11th Circuit
National Mortgage News, June 7, 2022–Bonnie Sinnock (subscription)Attorneys are starting to warn mortgage companies that a recent 11th Circuit Court of Appeals decision means servicers need to be more careful …