Forbes, May 18, 2022–Shaina MishkinRising mortgage rates have added up for buyers. An analysis of mortgage applicants by the Mortgage Bankers Association found that the median mortgage payment applied for …
Category: Top National News
Potential Cut to FHA Premiums a Top Priority for HUD
Inside Mortgage Finance, May 18, 2022–Brandon IveyOfficials at the Department of Housing and Urban Development are having daily discussions about whether to reduce the mortgage insurance premium that applies to …
Weekly Mortgage Demand From Homebuyers Tumbles 12% as Higher Interest Rates Take Their Toll
CNBC, May 18, 2022–Diana OlickMortgage applications to purchase a home fell 12% week to week and were 15% lower compared with the same week one year ago, the Mortgage Bankers …
Potential Cut to FHA Premiums a Top Priority for HUD
Inside Mortgage Finance, May 18, 2022–Brandon Ivey (subscription)HUD officials are having daily discussions about whether to reduce the mortgage insurance premium that applies to FHA loans. Julienne Joseph, deputy assistant …
New York Developer Targets Top Executives Working Remotely
Wall Street Journal, May 17, 2022–Peter Grant (subscription)Giant developer Related Cos. is launching a new lodging brand that targets business executives who split time between their primary residence and a …
Strong U.S. Retail Sales, Manufacturing Output Boost Economic Outlook
Reuters, May 17, 2022–Lucia MutikaniU.S. retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply and increased spending at restaurants, providing a powerful …
FirstClose Secures $35 Million Investment from Lateral
HousingWire, May 17, 2022–Brooklee HanMortgage and home equity fintech FirstClose received a $35 million investment from Lateral Investment Management on Tuesday. This is FirstClose’s first institutional equity investment round: The …
Powell Says Fed Has Resolve to Bring U.S. Inflation Down
Wall Street Journal, May 17, 2022–Nick Timiraos, Michael S. Derby (subscription)Federal Reserve Chairman Jerome Powell said the central bank’s resolve in combating the highest inflation in 40 years shouldn’t be …
Housing Agencies Exercise Caution in Expanding Underwriting
National Mortgage News, May 17, 2022–Bonnie Sinnock (subscription)The Federal Housing Administration is still seriously considering a premium cut, and Freddie Mac is aiming to support the growth of housing supply …
Builders, Lenders Praise Biden Plan To Improve Housing Supply
National Mortgage Professional, May 17, 2022–David KrechevskyBob Broeksmit, president & CEO of the Mortgage Bankers Association, released a statement on the administration’s plan, supporting the effort to address affordability.https://nationalmortgageprofessional.com/news/builders-lenders-praise-biden-plan-improve-housing-supply