HousingWire, Nov. 30, 2021Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 trillion in 2022, according to the Mortgage Bankers Association – non-QM …
Category: Top National News
Banks’ Mortgage Banking Income Rebounds in 3Q21
Inside Mortgage Finance, Nov. 30, 2021–John BancroftAlthough results varied significantly among top lenders, the banking industry reported a solid overall gain in mortgage income during the third quarter.https://www.insidemortgagefinance.com/articles/223128-banks-mortgage-banking-income-rebounds-in-3q21
Affordable Homeownership Options Are Shrinking, But Is The Housing Market Overvalued?
Benzinga, Nov. 30, 2021–Phil HallHousing affordability has been a challenge for many prospective buyers eager to purchase a residential property. But despite home prices that show no signs of reversing …
Why a Lending Bounty Awaits Multifamily Borrowers
Multi-Housing News, Nov. 30, 2021–Gail KalinoskiAfter two years of extraordinary liquidity, multifamily lending is on track for a record-breaking year that will give multifamily investors and sponsors a full menu …
KKR, Wells Fargo Look to Expand at Manhattan’s Hudson Yards
Wall Street Journal, Nov. 30, 2021–Kate King (subscription)Two blue-chip financial companies are looking to add more square footage at Hudson Yards, the latest sign high-end office space is still in …
Pandemic Delivery Boom Fuels Demand for ‘Last Mile’ Space
Wall Street Journal, Nov. 30, 2021–Will Parker (subscription)Industrial properties in general have enjoyed strong rent growth and record-low vacancies during the pandemic. An increase in online shopping has furthered the …
Mortgage Outlook: Rates Heading North in Late December
Entrepreneur magazine, Nov. 29, 2021–Holden Lewis (MBA mention)The author expects mortgage rates to rise modestly in December, especially toward the end of the month.https://www.entrepreneur.com/article/399498
Industry Braces for Another Fight over IRS Tax Reporting Plan
American Banker, Nov. 29, 2021–Brendan Pedersen (subscription)Financial services industry lobbyists are gearing up to fight another effort by lawmakers to make banks and credit unions report more account information to …
Landlords Are Less Likely to Reply to Applicants with Black and Latino Names
Bloomberg, Nov. 29, 2021–Kelsey ButlerIn the largest study of its kind to date, researchers created fictitious renters with names more often associated with White, African American or Hispanic identities. They …
Underwriter Shortage Slowing the Pace of Private-Label Deals
HousingWire, Nov. 29, 2021–Bill ConroyThe supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities. (MBA mention)https://www.housingwire.com/articles/underwriter-shortage-slowing-the-pace-of-private-label-deals/