HousingWire, Apr. 22, 2022–Flavia Furlan Nunes (subscription)Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is …
Category: Top National News
Wells Fargo Confirms Mortgage Staff Layoffs
National Mortgage News, Apr. 22, 2022–Andrew Martinez (subscription)Wells Fargo confirmed Friday it’s laying off an undisclosed number of home lending employees due to mortgage market conditions, one week after reporting …
Real House Prices Increase Close to 31 Percent, Finds First American RHPI
MortgageOrb, Apr. 22, 2022–Michael BatesReal house prices increased 5.8% between January 2022 and February 2022, and 30.6% between February 2021 and February 2022.https://mortgageorb.com/real-house-prices-increase-close-to-31-percent-finds-first-american-rhpi
Russian Threat Keeps Mortgage Cybersecurity Experts on Alert
National Mortgage News, Apr. 22, 2022–Andrew Martinez (subscription)Russia’s hostilities in Ukraine have already impacted the U.S. housing market and as the war goes on, the mortgage industry’s cybersecurity experts are …
PCF Wholesale Halts New Wholesale Submissions
National Mortgage Professional, Apr. 22, 2022–David KrechevskyPCF Wholesale, a California-based wholesale mortgage lender, issued an email announcement stating that, effective at the close of business today, it would “no longer …
Market Hitting Peak for Cash-Out Refinancing
San Bernardino Sun, Apr. 22, 2022–Jeff LazersonWith home prices up 24% in 14 months, borrowers with growing equity and good credit should act now before mortgage rates go higher. (MBA …
Another Reduction-in-Force at Sprout Mortgage?
Inside Mortgage Finance, Apr. 22, 2022–Paul MuoloSprout Mortgage, which trimmed some of its staff earlier in the month, instituted another layoff late this week, according to sources familiar with the …
Commercial Real Estate Price Growth Slows: Report
Benzinga, Apr. 22, 2022–Phil HallPrice growth on U.S. commercial real estate eased away from its recent all-time highs in March, according to the Commercial Property Price Indices National All-Property Index …
Higher Mortgage Rates Squeeze Long Island Homebuyers
Newsday, Apr. 22, 2022–Jonathan LaMantiaLong Island homebuyers are facing mortgage rates above 5% for the first time in more than a decade, making housing less affordable at a time when …
Homebuilder Incentives on the Horizon
The Housing Scene (UExpress), Apr. 22, 2022–Lew SichelmanShort-term interest rate buy-downs and free or discounted upgrades may soon be coming to a housing market near you.https://www.uexpress.com/home/housing-scene/2022/04/22