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?
Category: Top National News
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 …
Biden’s Pick to Become a Key Banking Regulator Withdraws After Ugly Nomination Fight
Morning Edition (NPR), Dec. 7, 2021–David GuraSaule Omarova has withdrawn her nomination to head the Office of the Comptroller of the Currency, an agency that has a major role in …
U.S. Bank Executives Raise Concerns over Inflation
Reuters, Dec. 7, 2021–Matt ScuffhamU.S. bank executives on Tuesday raised concerns about the impact of a sustained period of higher inflation, adding to pressure on the Federal Reserve to accelerate …
9 Ways Mortgage Industry Will Benefit From Standards in 2022
National Mortgage News, Dec. 7, 2021–Seth Appleton (subscription)MISMO President makes case for real estate industry technology standards.https://www.nationalmortgagenews.com/opinion/9-ways-mortgage-industry-will-benefit-from-standards-in-2022
CFPB Issues Final Rule To Facilitate Transition From LIBOR
National Mortgage Professional, Dec. 7, 2021–David KrechevskyThe rule establishes requirements for how creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022. Under the rule, no …
U.S. Proposes New Corporate-Ownership Reporting Rules to Combat Crime
Wall Street Journal, Dec. 7, 2021–Ian Talley (subscription)The Treasury Department proposed new corporate-reporting rules meant to help unmask criminals, terrorists and others who use opaque ownership structures to hide money …
More Renters and Homeowners are Missing Payments
HousingWire, Dec. 7, 2021–Flavia Furlan NunesAccording to the Mortgage Bankers Association‘s Research Institute for Housing America, the number of households missing rent or mortgage payments increased from 5.33 million to …
U.S. Home Prices Soar By 18% Year-Over-Year
Benzinga, Dec. 7, 2021–Phil HallRealtor.com released its forecast of the Top Housing Markets of 2022, with predictions on listing price appreciation and home sales growth during the new year.https://www.benzinga.com/news/21/12/24483472/us-home-prices-soar-by-18-year-over-year