Washington Post, Dec. 6, 2021–Jonathan EdwardsA 2018 study by the Brookings Institution found that homes in Black neighborhoods were undervalued by an average of $48,000, amounting to $156 billion in …
Category: Top National News
Who’s in the Running for Remaining Fed Openings
American Banker, Dec. 5, 2021–Kate Berry, Joe Adler (subscription)Jerome Powell’s reappointment along with the nomination of Gov. Lael Brainard to one of two vice chair positions only provided some clarity …
High Inflation, Falling Unemployment Prompted Powell’s Fed Pivot
Wall Street Journal, Dec. 6, 2021–Nick Timiraos (subscription)Just four weeks ago, the Federal Reserve set in motion carefully telegraphed plans to gradually wind down a bond-buying stimulus program by June. …
Nonbank Mortgage Jobs Start to Flatline as Firms Report Layoffs
National Mortgage News, Dec. 3, 2021–Bonnie Sinnock (subscription)he employment estimates for nondepository lenders show a flattening trend through October as news of job cuts at individual companies made headlines this …
Google Delays Mandatory Return to Office Beyond Jan. 10
Reuters, Dec. 3, 2021–Paresh DaveGoogle said Thursday it is indefinitely pushing back its January return-to-office plan amid growing concerns over the Omicron variant of the coronavirus and some resistance to …
Guaranteed Rate Floats $382.8 Million in RMBS on prime Mortgages
National Mortgage News, Dec. 3, 2021–Donna Mitchell (subscription)Guaranteed Rate, Inc., is sponsoring a securitization of first-lien, fixed-rate prime mortgages through the RATE Mortgage Trust 2021-HB1, and it is the sponsor’s …
A New Industry Emerges to Help Homebuyers Assess Climate Risks
The Star Democrat newspaper (Maryland), Dec. 3, 2021–Matthew KahnAs climate change fuels large-scale natural disasters, the real estate mantra of “location, location, location” is taking on new meaning. In 2021, …
Zillow Makes Progress As It Exits Home-Flipping
National Mortgage Professional, Dec. 3, 2021–Katie JensenZillow Group Inc. announced that it’s made significant progress in winding down Zillow Offers inventory and has sold more than 50% of the homes …
Big Brother’s Watching…For You to Sell Your Home
Mortgage Professional America, Dec. 3, 2021–Richard Torne“Firms know when you’re going to move before you’ve decided you’re going to move – the data exists,” says Tavant’s Brad Sivert.https://www.mpamag.com/us/mortgage-industry/industry-trends/big-brothers-watchingfor-you-to-sell-your-home/318766
Trouble Ahead? Agency MBS Nears Pandemic Low in November
Inside Mortgage Finance, Dec. 3, 2021–John BancroftThe historic rally in agency residential MBS production that started from a global pandemic looks to be slowly running out of gas. Agency issuance …