Benzinga, May 19, 2022–Phil HallThe latest news from the housing industry finds mortgage rates dipping slightly while home sales decelerate and reverse mortgages gain greater attention. (MBA mention)https://www.benzinga.com/news/22/05/27302867/housing-beat-mortgage-rates-dip-home-sales-flatten-reverse-mortgages-get-new-cred
Category: Top National News
Expanded-Credit Mortgages Defy the Odds, Showing Growth in 1Q
Inside Mortgage Finance, May 19, 2022–John BancroftIt’s hard to believe most lenders aren’t thinking about getting into the expanded-credit mortgage market now that the major sectors are in tatters.https://www.insidemortgagefinance.com/articles/224646-expanded-credit-mortgages-defy-the-odds-showing-growth-in-1q?v=preview
Mortgage Rates Dip, But the Change ‘Isn’t a Trend,’ Expert Says
Washington Post, May 19, 2022–Susan Doyle, Michele LernerThe 30-year fixed-rate mortgage averaged 5.25 percent as of Thursday, a dip from last week when it averaged 5.3 percent, according to data …
Mortgage Lenders Are Playing Defense
Wall Street Journal, May 19, 2022–Telis Demos (subscription)Mortgage lenders have been squeezed by rising rates and falling volumes. Investors should be paying attention to when they push back.https://www.wsj.com/articles/mortgage-lenders-are-playing-defense-11652958181
Mortgage Leaders Break Down the Benefits of Blockchain
National Mortgage News, May 18, 2022–Andrew Martinez (subscription)Unlike cryptocurrency, which is a form of digital payment, blockchain is essentially a ledger and is separate from cryptocurrencies, the forms of digital …
New York Fed’s Williams to Seek Equilibrium Through MBS Runoff, Even Purchases
Asset Securitization Report, May 19, 2022–Donna MitchellOne tool at the Fed’s disposal is purchasing mortgage-backed securities, and that tactic is not out of the question as the central bank works …
1 in 6 Americans Live in Areas with Significant Wildfire Risk
Washington Post, May 17, 2022–John Muyskens, Andrew Ba Tran, Naema Ahmed, Anna PhillipsNearly 80 million properties in the United States stand a significant chance of exposure to fire, according to …
Wells Fargo Sees End-of-Year U.S. Recession, Cuts GDP View
Reuters, May 18, 2022–Sinead CarewWells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession now on the horizon in its base case scenario …
Bidding Wars Show Signs of Cooling as Mortgage Rates Bite
Bloomberg, May 18, 2022–Paulina CacheroFewer homes are receiving multiple offers as higher borrowing costs limit buyers, according to Redfin.https://www.bloomberg.com/news/articles/2022-05-18/higher-mortgage-rates-are-slowing-down-bidding-wars-in-hot-housing-market
The Fed’s $2.7 Trillion Mortgage Problem
Axios, May 18, 2022–Neil IrwinThe Fed will face a series of political and economic headaches as it attempts to move away from subsidizing home lending by shrinking its portfolio of …