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 …
Category: Top National News
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 …
Latino Homebuyers Are Most Likely to Use Risky Financing, Survey Finds
NPR, May 6, 2022–A Martínez and Jaclyn DiazMore than a third of those households surveyed by the Pew Research Center said they’d used something other than a traditional mortgage. Alternative …
You Can No Longer Get a Mortgage at Costco
HousingWire, May 6, 2022–Kate DouglasCostco might have everything you need for a housewarming party, but as of this week it can’t help you buy the house. Homebuyers will have to …
Mortgage Rates Hit New 13-Year High
The M Report, May 5, 2022–Eric C. PeckAfter dipping a slight 0.01% last week, 30-year fixed-rate mortgages trended upward this week, averaging 5.27%, up from 5.10%. A year ago at …
In 1Q22, Nonbanks Once Again Tightened Their Grip on the MSR Market
Inside Mortgage Finance, May 5, 2022 (subscription)A handful of second-tier mortgage servicers accounted for much of the ongoing growth of nonbanks in the market, according to an exclusive Inside Mortgage …
Adjustable Mortgages Now Hugely More Affordable Than Fixed Rates
Orange County Register, May 5, 2022–Jeff LazersonWith savings of 1 percentage point or more and a recession looming next year, borrowers willing to gamble on an ARM could lower their …
The Fed Hits The Housing Market With Another Economic Shock–It Won’t Be The Last
Fortune magazine, May 5, 2022–Lance LambertFed Chair Jerome Powell was crystal clear on Wednesday: The Federal Reserve has transitioned into full-fledged inflation fighting mode. The goal, Powell says, is to …