Bloomberg, May 13, 2022–Rich MillerFederal Reserve Chair Jerome Powell reaffirmed that the central bank is likely to raise interest rates by a half percentage point at each of its next …
Category: Top National News
Housing Vacancy Rates At Or Near Historic Lows
National Mortgage Professional, May 13, 2022–Steven GoodeAccording to the Census Bureau, the homeowner vacancy rate in the first quarter of 2022 was 0.8% marking the first time in the 66-year …
Impac Loses $1.2M During a Difficult 1Q
National Mortgage News, May 13, 2022–Brad Finkelstein (subscription)Impac Mortgage Holdings had a rocky first quarter and while the company did manage to resolve one legacy issue during the period, in …
ARMs are Back, But This Time They’re Different
Axios Markets, May 13, 2022–Emily PeckAdjustable-rate mortgages, which start out with a relatively low rate that jumps after a certain time period, comprised nearly 11% of mortgage applications last week, …
MBA Reports Nearly 75 Percent Jump for Q1 2022 Commercial Borrowing
MortgageOrb, May 13, 2022–Ariana FineCommercial and multifamily mortgage loan originations increased 72% in the first quarter of 2022 compared to the same period last year, according to the Mortgage Bankers …
Multifamily Investment Soars To New Heights
GlobeSt.com, May 13, 2022–Lynn PollackMultifamily investment in Q1 hit a record high, accounting for the strongest first quarter on record and increasing 56% year-over-year to $63 billion.https://www.globest.com/2022/05/13/multifamily-investment-soars-to-new-heights/?
Not Immune to an Origination Correction: the Jumbo Market
Inside Mortgage Finance, May 13, 2022–Brandon IveyThe jumbo sector wasn’t immune to the downturn in originations seen in the broader market during the first quarter as interest rates rapidly spiked …
Mortgage Market Opens for Gig Workers
The Housing Scene (UExpress), May 13, 2022–Lew SichelmanAll in all, more gig workers will be able to enjoy the perks of self-employment without worrying that its quirks will prevent them …
As Interest Rates Rise, Lenders Offer Creative Mortgages, Incentives
Orange County Register, May 12, 2022–Jeff LazersonA combination of post-pandemic cabin fever and a 75% reduction in new mortgage applications drove thousands of Southern California mortgage loan originators with nothing …
Intercontinental Exchange Kicks Off Bond Sale for Black Knight Buy
National Mortgage News, May 12, 2022Intercontinental Exchange Inc. is tapping the investment-grade market with a bond sale in as many as six parts to help finance its acquisition of Black …