HousingWire, May 6, 2022–Flavia Furlan NunesAdd Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter — a trend that will continue …
Category: Top National News
Costco Ends Mortgage Program Membership Perk
Fox Business, May 7, 2022–Julia MustoCostco is no longer offering a mortgage program for its members. According to the wholesale retailer, the changes took effect on Sunday, May 1. Costco …
MBA Forecast Calls for Higher Home Prices and Mortgage Rates
MReport, May 6, 2022According to the new MBA Purchase Applications Payment Index (PAPI), homebuyer affordability declined in March, with the national median payment applied for by applicants rising 5% to …
Brookfield Acquires Hotel REIT Watermark Lodging Trust for $3.8B
ConnectCRE, May 6, 2022–Ted JacksonChicago-based Watermark Lodging Trust entered into a definitive agreement with private real estate funds managed by Brookfield, under which Brookfield will acquire all of the outstanding …
eMortgage Adoption: Acceleration Through the Pandemic
The Journal of Structured Finance, May 6, 2022–Mike FratantoniMBA Chief Economist Mike Fratantoni authored a journal article about the adoption of eMortgages over the past few years.https://eprints.pm-research.com/17511/72799/index.html?74007
Mortgage Jobs Post First Two-Month Decline Since 2019
National Mortgage News, May 6, 2022–Bonnie Sinnock (subscription)Jobs at non-depositories active in housing finance in March declined for two months in a row for the first time since 2019, according …
The Tea Leaves: April MBS Issuance Continues the Downward Trend
Inside Mortgage Finance, May 6, 2022–John Bancroft (subscription)April MBS issuance volume, which reflects originations, was the lowest monthly output since March 2020, just before the Fed launched a historic surge …
These Employers are Helping Workers Achieve Their Dreams of Homeownership
Fortune magazine, May 6, 2022–Jeffrey Taylor and Kimberly LanhamA step toward affordable housing is the emergence of employer-assisted housing programs, in which governments and private companies work in partnership to …
CRE Can Withstand A Higher Rate Environment. Here’s Why
GlobeSt.com, May 6, 2022–Lynn PollackFed Chairman Jerome Powell has apparently ruled out more aggressive rate hikes in the future following a 50 basis point increase Wednesday, saying at a press …
Where to Get the Most Space for the Least Rent
Multi-Housing News, May 6, 2022–Lew SichelmanThe numbers are striking, but the visuals even more so. In Wichita, Kan., $1,500 will rent a nice 1,597-square-foot apartment with three bedrooms and three …