DSNews, May 23, 2022–Eric C. PeckOn Friday, May 20, Julia Gordon was sworn in as Assistant Secretary for Housing and Commissioner of the Federal Housing Administration by HUD Secretary Marcia …
Category: Top National News
Revisiting Automated Valuation Model Disparities in Majority-Black Neighborhoods
Urban Institute, May 18, 2022–Linna Zhu, Michael Neal, Caitlin YoungAutomated valuation models (AVMs) represent the promise of greater efficiency and lower costs for the mortgage industry. However, research has suggested …
Forum Calls For More Inclusive Access to Homeownership
National Mortgage Professional, May 23, 2022The first panel, moderated by Andrew Ackerman of The Wall Street Journal, featured panelists Wendy Penn, associate vice president of affordable housing initiatives at the …
Credit Quality Suffers as Originations Plunge
Inside Mortgage Finance, May 23, 2022–Andras MalatinszkyLenders reacted to rising interest rates by becoming less picky about loan quality in the face of their origination pipelines drying up, according to …
Surging Mortgage Rates Leave Little Relief to Homebuyers
KOMO News (Seattle), May 23 2022–Lee StollThis is the time of year when the housing market typically heats up. But the last few months have already burned a lot of …
Non-Traded REITs Continue to Grab Record Capital Inflows
Wealth Management Real Estate, May 23, 2022–Beth Mattson-TeigOn the heels of setting a new record for fundraising in 2021, the sector got off to a blazing start in the first …
Builders and Developers Signal Caution on Multifamily Conditions
Mortgage Professional America, May 23, 2022–Candyd MendozaMultifamily sentiment faced downward pressure in the first quarter as high construction costs took their toll on developers.https://www.mpamag.com/us/specialty/commercial/builders-and-developers-signal-caution-on-multifamily-conditions/406968
The Last Housing Bubble Missed Texas. Now the Lone Star State is Home to the Second Most ‘Overvalued’ Housing Market in the Country
Forbes, May 23, 2022–Lance LambertThe U.S. is again seeing a housing boom that has set home prices out of reach for many buyers. U.S. home prices have risen 19.8% over …
A Rare Decline in MBS Holdings for Banks, Thrifts
Inside Mortgage Finance, May 20, 2022–John BancroftCommercial banks and savings institutions reported a rare decline in their residential MBS holdings during the first quarter.https://www.insidemortgagefinance.com/articles/224663-a-rare-decline-in-mbs-holdings-for-banks-thrifts?v=preview
More Home Buyers Look to Adjustable-Rate Loans as Mortgage Interest Rates Soar
WBUR/NPR, May 20, 2022–Lisa MullinsMortgage interest rates are spiking as housing demand outstrips supply and the Federal Reserve tries to tamp down inflation. That’s driving more buyers to adjustable-rate mortgages. …