National Public Radio, Apr. 26, 2022–Blake FarmerHickory Hollow Mall, a full 1.1 million square feet of retail space in southeastern Nashville, was once the largest shopping center in Tennessee. But …
Category: Top National News
Delinquencies Ride Economic Tailwinds to Record Lows in March
National Mortgage News, Apr. 25, 2022–Andrew Martinez (subscription)The national mortgage delinquency rate hit a record low in March as economic tailwinds helped previously past-due borrowers to make significant gains toward …
Loan Growth, Fee Squeeze and More: Takeaways from 1Q Earnings
American Banker, Apr. 25, 2022–Kevin Wack, Polo Rocha, Allissa Kline, Jon PriorAt this time two years ago, the U.S. banking industry hit an inflection point. Lockdowns during the early days …
FHFA Gets Blowback on Proposed Liquidity Requirements
HousingWire, Apr. 25, 2022–Georgia KromreiDuring the market disruption in March 2020, the value of mortgage servicing rights became temporarily disconnected from mortgage rates. Large mortgage sellers and servicers faced severe …
Black Homeownership Faces New Obstacles in Crowded Property Market
The Hill, Apr. 25, 2022–Tobias Burns“The housing gap” between white and Black household ownership in the U.S. is “about as wide as it’s ever been,” said Mike Fratantoni, economist with …
Don’t Count On a Housing Slowdown to Improve Affordability
Bloomberg, Apr. 25, 2022–Conor SenAs mortgage rates continue to rise, all eyes are fixed on the housing market for signs of a potential slowdown. But any slowdown that does materialize …
A Property Tax Reckoning is Coming
HousingWire, Apr. 25, 2022–Georgia Kromrei (subscription)For those hoping to buy a home with a mortgage, property tax increases can reduce their debt-to-income ratio, and thus the amount they qualify for. …
How Fraudsters Target Mortgage Lending
National Mortgage News, Apr. 25, 2022–Spencer Lee (subscription)Mortgage lenders can be an attractive target to cybercriminals due to the value of transactions taking place and their long lists of clients …
Closing Costs Keep Pace with Rapidly Rising Home Prices
Mortgage Professional America, Apr. 25, 2022–Candyd MendozaThe 13.4% jump in purchase mortgage closing costs corresponds to a 13.2% year-over-year increase in lender origination costs, as per a Mortgage Bankers Association …
Servicing Sales (Transfers) Slow in 1Q But Still at Heightened Levels
Inside Mortgage Finance, Apr. 25, 2022–John BancroftWhile bulk MSR volume was down 10.8% from the fourth quarter to $165.20 billion, that figure includes only deals where portfolios were formally transferred …