Inside Mortgage Finance, May 25, 2022–Brandon IveyNonbank mortgage companies reported stronger earnings on a sequential basis in the first quarter of 2022, according to a new Inside Mortgage Trends analysis …
Category: Top National News
Real Estate Industry ‘Desperate’ for More Inventory: Corcoran CEO
Fox Business, May 25, 2022–Talia KaplanPamela Liebman, president and CEO of The Corcoran Group, argued on Wednesday that the real estate industry is “desperate” for more inventory and if more …
The Real Estate Frenzy is Over
Axios, May 25, 2022–Emily PeckLooks like America’s home buying binge is winding down. There’s a vibe shift visible in both the official data and in the anecdata from sellers, buyers …
Mortgage Servicer Sued by Borrowers over Data Breach
National Mortgage News, May 24, 2022–Andrew Martinez (subscription)Plaintiffs in two separate complaints filed this month accuse Pingora Loan Servicing of failing to protect their personally identifiable information in a breach …
Mortgage Demand Slides Further, as Interest Rates Pull Back Slightly
CNBC, May 25, 2022–Diana OlickMortgage rates turned lower for the second straight week, but it wasn’t enough to boost demand for either new purchase loans or refinances, according to a …
Rising Rates Are Battering Mortgage Lenders
Wall Street Journal, May 25, 2022–Orla McCaffrey (subscription)Mortgage lenders are scrambling to survive a sharp drop-off in the number of homeowners refinancing their loans, with demand drying up as interest …
US Job Jumpers Reconsider and Quit Again Soon After
Bloomberg, May 24, 2022–Molly SmithSays one recruiting agency: ‘We get a lot of people who come to us after two months, three months, even two weeks sometimes, and just say, …
PLS Market is on Track to Notch Record Volume this Year
HousingWire, May 24, 2022–Bill ConroyDespite the turbulence in the U.S. economy fueled by inflation, international tensions and rising mortgage rates, the private-label securities (PLS) market recorded a strong first quarter, …
Fed Searches for the Magic Number to Cool a Red-Hot U.S. Housing Market
Wall Street Journal, May 24, 2022–Nick Timiraos, Nicole Friedman (subscription)When the Federal Reserve set out to cool the economy and slow inflation in the past, it counted on the housing …
Rival Sees Advantages in ICE-Black Knight Merger
National Mortgage News, May 24, 2022–Brad Finkelstein (subscription)The third-largest loan origination system provider, Mortgage Cadence, sees an opportunity to pick up business if the merger between No. 1 ICE Mortgage …