Charlotte Business Journal, June 2, 2022–Caroline HudsonMortgage platform Real Genius is laying off about 74 employees from its Charlotte office. (MBA mention)https://www.bizjournals.com/charlotte/news/2022/06/02/mortgage-layoffs-real-genius-74-employees.html
Category: Top National News
Mortgage Rates Hold Steady, Resist Upward Pressure
Washington Post, June 2, 2022–Kathy OrtonMortgage rates withstood forces — namely inflation — pulling them higher this week, but their resistance is not expected to last. According to the latest …
Housing Beat: Mortgage Rates Flatten As Sun Belt Sees New Boom In Home Building
Benzinga, June 2, 2022–Phil HallThis week in the housing market, mortgage rates were mostly flat, mortgage application volume was down and the Sun Belt is shining with new single-family home …
The Final Tally: Refis Top Purchase Loans in 1Q but Not by Much
Inside Mortgage Finance, June 2, 2022–John BancroftThe epic two-year rally in the mortgage refinance market didn’t end in the first quarter, but its days were numbered.https://www.insidemortgagefinance.com/articles/224773-the-final-tally-refis-top-purchase-loans-in-1q-but-not-by-much?v=preview
Negative Leverage in Multifamily Now Widespread
GlobeSt.com, June 2, 2022–Jack RogersAnother warning sign that harkens back to the epic collapse of the housing market in 2008 has emerged in the multifamily sector in recent weeks as …
Highly Overvalued Cities in the U.S. Keep Growing
National Mortgage News, June 1, 2022–Brad Finkelstein (subscription)Homebuyers in 15 of the nation’s 100 largest housing markets paid a premium of 50% or more over historic trends for their properties, …
Opinion: How Digital Closings Can Help With Housing Affordability
HousingWire, June 1, 2022–Diane TombWhile it’s getting more expensive to buy a home, it’s also getting pricier to originate one also. According to the Mortgage Bankers Association, total loan production …
2022 Home Prices Are Stabilizing. Why That May Be Good News For Home Buyers
USA Today, June 2, 2022–Swapna Venugopal RamaswamyHomebuyers flooded the housing market in the first quarter as they tried mightily to beat the expected mortgage rate hikes–resulting in one of the …
Ready to Buy a House? Just Wait a Few Weeks
Bloomberg, May 31, 2022–Conor SenThe housing market has turned in the past few weeks. We’re probably looking at a cooling-off period rather than something nastier, but both possibilities lead to …
CrossCountry Accuses Guild Mortgage Of Poaching & Unfair Competition
National Mortgage Professional, June 1, 2022–Katie JensenCrossCountry Mortgage hit Guild Mortgage with a reverse Uno card, claiming the lender conspired with former Las Vegas branch manager and loan originator Mirajoy …