National Mortgage News, May 03, 2022–Bonnie Sinnock (subscription)Fannie Mae’s first-quarter earnings fell as higher rates contributed to lower amortization income, it recorded a charge for credit expenses and it adopted …
Category: Top National News
Smart Office Buildings Can Help Sniff Out Viruses but Are Vulnerable to Hacks
Wall Street Journal, May 3, 2022–Konrad Putzier (subscription)The moment Honeywell International Inc. employees enter their new headquarters in Charlotte, N.C., the smart building goes to work. The building, completed in …
Home Buyers Rushed In as Mortgage Rates Rose, Boosting Housing Prices Across U.S.
Wall Street Journal, May 3, 2022–Nicole Friedman (subscription)Home prices continued to surge in virtually every corner of the U.S. during the first quarter as mortgage rates rose rapidly, according to …
Interfirst to Lay Off 140 Employees
HousingWire, May 2, 2022–Flávia Furlan NunesSix months ago Interfirst Mortgage Co. issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more …
Manhattan’s Luxury Home Market Thrived in April Despite Economic Uncertainties
Wall Street Journal Mansion Global, May 2, 2022–Ayse Kelce (subscription)Manhattan’s luxury home market had a strong April despite uncertainties created by global conflicts and stock market volatility. There were 39 …
Rising Mortgage Rates Starting to Affect Residential Housing
Washington Post, May 3, 2022–Michele LernerThe combination of the limited number of homes for sale, continued double-digit price increases and the sharp rise in mortgage rates is taking a toll …
MBA Networking Organization Galvanizes Women
Scotsman Guide, May 2, 2022–Hannah DardenAt a Mortgage Bankers Association conference in 2015, MBA Chief Operating Officer Marcia Davies decided to host a networking luncheon for women. She had seen …
Expanded-Credit MBS Issuance Hits Record in 1Q22
Inside Mortgage Finance, May 2, 2022–Brandon Ivey (subscription)Issuance of expanded-credit mortgage-backed securities sailed to a record $14.10 billion in the first quarter even as interest rates increased and spreads widened, …
Servicers Raise Concerns Over GSE Eligibility Requirements
Inside Mortgage Finance, May 2, 2022–Dennis Hollier (subscription)The Mortgage Bankers Association criticized the FHFA plan to impose a 2% liquidity requirement on servicers’ hedging position in the TBA market.https://www.insidemortgagefinance.com/articles/224476-servicers-raise-concerns-over-gse-eligibility-requirements?
The Agencies Could Fail to Meet Allocations This Year
GlobeSt.com, May 2, 2022–Kelsi Maree Borland“For the first time in a while, there is an open question as to whether the agencies will use the full amount of their volume …