Mortgage Professional America, Dec. 9, 2021–Richard TorneLeif Boyd likes to plan in advance. For AmeriSave’s new retail division chief production officer, brokers should look ahead by at least a year …
Category: Top National News
U.S. Job Openings Jump to 11 Million; Fewer Workers Voluntarily Quitting
Reuters, Dec. 8, 2021–Lucia MutikaniThe Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Wednesday also showed a steady decline in layoffs, another sign that the …
The Next Fed Meeting Will Offer More Surprises
Bloomberg, Dec. 8, 2021–Bill DudleyFormer Federal Reserve Vice Chair says the taper isn’t all that will be on the agenda at next week’s meeting. Fed officials are also likely to …
Resignations at Better.com as Founder Tries to Smooth Things Over
Inside Mortgage Finance, Dec. 8, 2021–Paul MuoloThree top executives in the marketing and public relations department of mortgage fintech Better.com resigned Tuesday just as controversial founder and CEO Vishal Garg …
This Inflation Defies the Old Models
Wall Street Journal, Dec. 8, 2021–Greg Ip (subscription)Last April, economists thought inflation would be around 2.5% right now. Instead, it’s over 6%. Even by the forgiving standards of economic forecasting, …
Commercial And Multifamily Delinquency Rates Fall
National Mortgage Professional, Dec. 8, 2021–Katie JensenCommercial and multifamily mortgage delinquencies decreased in the third quarter, according to the latest Mortgage Bankers Association’s Commercial/Multifamily Delinquency report.https://nationalmortgageprofessional.com/news/commercial-and-multifamily-delinquency-rates-fall
Brief Drop in Mortgage Rates Cause Sudden Surge in Refinancing
CNBC, Dec. 8, 2021–Diana OlickA brief drop in mortgage rates, due to the first news of the omicron variant, caused mortgage refinance demand to rise dramatically last week, the Mortgage …
Multifamily Investors Lengthen Their Hold Periods As Inflation Fears, Dearth of Product Disrupt the Market
Wealth Management Real Estate, Dec. 8, 2021–Jenn ElliotA combination of macroeconomic and real estate-specific forces are making multifamily investors rethink their hold times.https://www.wealthmanagement.com/multifamily/multifamily-investors-lengthen-their-hold-periods-inflation-fears-dearth-product-disrupt?
Home Purchase Sentiment Unfazed by Negative Economic Sentiment – Why?
Mortgage Professional America, Dec. 8, 2021–Candyd MendozaThe U.S. housing market remains healthy despite economic pessimism rising to its highest level in a decade, according to Fannie Mae’s November Home Purchase …
Rental Data May Improve Credit Model Predictability by 10% or More
National Mortgage News, Dec. 7, 2021–Bonnie Sinnock (subscription)Combining information about a consumer’s rental payments with traditional credit data made it easier to predict their ability to repay than standard performance …