National Mortgage News, June 7, 2022–Andrew Martinez (free content)Figure Technologies and mortgage banker Homebridge Financial Services have nixed their planned merger, citing delays in completing this transaction.https://www.nationalmortgagenews.com/news/figure-technologies-lender-homebridge-end-merger-plans
Category: Top National News
Parents Are Buying Homes for Kids Priced Out of the Housing Market
Bloomberg, June 7, 2022–Claire Ballentine and Paulina CacheroHigh property prices and mortgage rates mean new homebuyers are relying on family assistance more than ever before, real estate agents say.https://www.bloomberg.com/news/articles/2022-06-07/how-are-young-us-buyers-affording-homes-with-their-parents-money?
Rising Prices, Rents Are ‘Exacerbating the Gap Between Rich and Poor’
Concord (N.H.) Monitor, June 7, 2022–Michael KitchThe dynamics of the housing market are contributing to widening disparities of income and wealth while in turn increasing the financial pressures on renter …
CoreLogic Chief Economist Frank Nothaft Dies at 66
San Jose (Calif.) Mercury-News, June 7, 2022–Jeff CollinsThe Irvine-based real estate firm said the nationally known housing expert died suddenly over the weekend.https://www.mercurynews.com/2022/06/06/corelogic-chief-economist-frank-nothaft-dies-at-66-2/
Gov. Hochul Signs NYC Hotel-to-Housing Conversion Bill
New York Daily News, June 7, 2022–Chris SommerfeldtNew York Governor Kathy Hochul signed a bill Tuesday that paves the way for underutilized hotels in the city to be converted into …
Mortgage Companies Paying Up on New Debt Offerings
Inside Mortgage Finance, June 7, 2022–Brandon Ivey (subscription)Just like mortgage borrowers who are facing higher interest rates, it’s getting more expensive for mortgage companies to raise capital.https://www.insidemortgagefinance.com/articles/224817-mortgage-companies-paying-up-with-debt-offerings?
The Future Of Real Estate: Fintech 50 2022
Forbes, June 6, 2022–Jeff Kauflin and Margherita BealeOver the past two years, while droves of Americans began working remotely and mortgage rates hit historic lows, home sales spiked, creating a …
Private Equity Investors in Commercial Real Estate: Easy Does It Now
Commercial Observer, June 6, 2022–Andrew CoenIn an economic climate clouded with volatility, private equity investors are growing increasingly selective when it comes to where they deploy their capital.https://commercialobserver.com/2022/06/private-equity-commercial-real-estate-recession-rates/
Industry Supports FHA’s 40-Year Loan Term Option–With Caveats
HousingWire, June 6, 2022–Maria VolkovaThe deadline for the mortgage industry to chime in on the Federal Housing Administration’s proposed 40-year loan modification rule was the end of May. While four …
Commercial Property Sales Slow as Rising Interest Rates Sink Deals
Wall Street Journal, June 7, 2022–Will Parker and Konrad Putzier (subscription)Commercial real estate is showing the first signs of cooling in more than a year, disrupted by rising interest rates …