Inside Mortgage Finance, May 17, 2022–Brandon Ivey (subscription)The Biden administration appears to be in no rush to make any substantive changes to the preferred stock purchase agreements that govern the …
Category: Top National News
Home Depot Executive Adolfo Villagomez to Be New CEO of Progress Residential
Wall Street Journal, May 17, 2022–Will Parker (subscription)Progress Residential, the single-family rental arm of private-equity shop Pretium Partners, appointed Home Depot executive Adolfo Villagomez to be its new chief executive, …
Investors, End-Users Compete for Last-Mile Warehouses as Rents Skyrocket
Wealth Management Real Estate, May 17, 2022–Patricia KirkLast-mile facilities, which were already highly prized in recent years, are emerging as perhaps the most desirable asset class for industrial real estate …
Nothing Is Guaranteed as the Fed Shrinks Its Balance Sheet
Barron’s, May 17, 2022–William English (subscription)With the pandemic recession recovery fairly complete and inflation running well above target, the Fed announced it would start reducing its securities holdings in June. …
FHA ‘Bids’ to Outmaneuver Investors in Favor of Underserved Buyers
Mortgage Professional America, May 16, 2022–Richard TorneThe Federal Housing Administration announced a 30-day exclusive period to give underserved buyers and non-profits an opportunity to bid on foreclosed properties before investors.https://www.mpamag.com/us/mortgage-industry/market-updates/fha-bids-to-outmaneuver-investors-in-favor-of-underserved-buyers/406124
Lessons from Lenders’ Q1 Earnings Amid Epic Volume Drop
HousingWire, May 16, 2022–Connie KimAs banks and nonbank lenders recently released earnings for the first quarter of 2022, two things became clear: Origination volume plummeted across the board, but those …
Is Work-Life Balance in the Mortgage Industry a Myth?
National Mortgage Professional, May 16, 2022–Erica LaCentraHowever, there should be concern about working at a pace that is frankly not sustainable. Maintaining strong talent and avoiding burnout is a real …
Mid America Mortgage Selling Retail Lending Business to Legend
National Mortgage News, May 16, 2022–Bonnie Sinnock (subscription)Financial terms of the deal were not disclosed. Mid America will selectively retain some retail for certain products and portfolio retention, and remain …
Demand for Adjustable-Rate Mortgages Hits 14-Year High
Realty Biz News, May 16, 2022–Mike WheatleyDemand for mortgages is increasing due to what analysts say is an increase in listings on the market and fear that interest rates will …
MBA Chief: Recent LLPA Changes ‘Doing More Harm Than Good’
Inside Mortgage Finance, May 16, 2022–Paul Muolo, Dennis Hollier (subscription)The Mortgage Bankers Association Monday morning took aim at the recently installed loan-level price adjustments on second homes and high-balance loans …