CNBC, Apr. 29, 2022–Brian SchwartzThe Mortgage Bankers Association, an advocacy group for the real estate finance industry, is also lobbying against a bill that’s intended to “expose the assets of …
Category: Top National News
Stopping ‘Legal’ Tax Lien Thievery
The Housing Scene (UExpress), Apr. 29, 2022–Lew SichelmanDeborah Foss is a 67-year-old grandmother in New Bedford, Massachusetts. She no longer has a roof over her head — largely because an …
Mr. Cooper Delivers $658M in Profit in Q1 on Strength of MSRs
HousingWire, Apr. 28, 2022–Flavia Furlan NunesNonbank mortgage lender and servicer Mr. Cooper Group reported net income of $658 million in the first quarter of 2022, increasing its profits by a …
5 Easy Ways to Get Your Hands on $1 Million
Orange County Register, Apr. 28, 2022–Jeff LazersonThe median home price reached $1 million or more in Orange County and in 127 Southern California ZIP codes. Here’s five ways to find …
Downtown Department Stores Get a Residential Revival
Bloomberg, Apr. 28, 2022–Vince BuerrieriThe giant flagships of 20th century retail chains like the May Company are finding new uses as high-end apartment buildings.https://www.bloomberg.com/news/features/2022-04-28/downtown-department-stores-make-a-comeback-as-luxury-housing
Freddie Mac Now Worth $31.7B but G-Fee Income Falls
HousingWire, Apr. 28, 2022–Georgia KromreiFreddie Mac reported net income of $3.8 billion for the first quarter of 2022, an increase of 37% year-over-year, even as purchase and refinance activity continued …
Home Purchase Affordability Declines Another 5%
National Mortgage News, Apr. 28, 2022–Brad Finkelstein (subscription)Home purchase affordability continued to decline in March, as the median monthly mortgage payment borrowers applied for increased 5% over February, the Mortgage …
CrossCountry Mortgage To Acquire LendUS
National Mortgage Professional, Apr. 28, 2022–Katie JensenOhio-based CrossCountry Mortgage has entered into a deal to acquire Alamo, Calif.-based retail lender LendUs LLC.https://nationalmortgageprofessional.com/news/crosscountry-mortgage-acquire-lendus
Union Home Mortgage Lays Off Unspecified Number of Workers as Mortgage Rates Rise
Cleveland.com, Apr. 27, 2022In a statement emailed in response to questions from cleveland.com, Union Home Mortgage acknowledged that it was “temporarily” reducing staff levels due to market conditions. The company …
First-Time Homebuyers Sidelined by Higher Mortgage Rates
The Hill, Apr. 28, 2022–Sylvan LaneRising mortgage rates are piling onto record-breaking home prices, locking even more potential buyers out of the red-hot housing market. (MBA mention)https://thehill.com/policy/finance/3469481-first-time-homebuyers-sidelined-by-higher-mortgage-rates/