Benzinga, Nov. 24, 2021–Phil HalThe U.S. multifamily housing market is being shaped by rising rents, lower vacancies and increased sales volume, according to the newly published Walker & Dunlop Multifamily …
Category: Top National News
Mortgage Rates Level Off Ahead of Thanksgiving Holiday
Washington Post, Nov. 24, 2021–Kathy OrtonAccording to the latest data released Wednesday by Freddie Mac, the 30-year fixed-rate average held steady at 3.1 percent with an average 0.7 point. (A …
Unusual Holiday Home-Buying Surge Pushes Mortgage Demand Higher
CNBC, Nov. 24, 2021–Diana OlickAn unusual surge in home buying, just as the market enters the historically slow holiday season, is driving mortgage demand higher. Total mortgage application volume rose …
Banks Combat Rising Threat of Fake Websites
American Banker, Nov. 23, 2021–David Heun (subscription)Banks use blacklists, web beacons and the .bank domain to protect themselves from the use of websites that look legit but only exist to …
Interfirst Mortgage to Lay Off Nearly 50 LOs
HousingWire, Nov. 23, 2021–Maria VolkavaChicago-based Interfirst Mortgage Co. will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act notice …
San Francisco Property Owners Fight Their Taxes After Covid Cooldown
Bloomberg, Nov. 23, 2021–Romy Varghese, Noah BuhayarSan Francisco is one of the biggest laggards among U.S. cities trying to bring back workers and revive their business districts. Now, some companies …
The MSR Market is Exuberant–for All the Right Reasons
HousingWire, Nov. 23, 2021–Bill ConroyThe MSR sales market is finishing out 2021 at a robust pace that market observers expect will continue into the new year, propelled by a rising-rate …
For Sale By Owner Listings Mostly Used By Rural And Low-Income Sellers
National Mortgage Professional, Nov. 23, 2021–Navi PersaudA new report from Zillow found that “For Sale By Owner” listings made up just 4-6% of all monthly listings nationwide and that they …
How Will Fed Regulate Wall Street? Biden’s Central Bank Picks Leave Question Unanswered
Wall Street Journal, Nov. 23, 2021–Andrew Ackerman, Orla McCaffrey (subscription)President Biden’s decision to reappoint Jerome Powell as Federal Reserve chairman and elevate governor Lael Brainard signals continuity on monetary policy …
Mortgage Default Risk Increases as Refi Boom Nears an End
Mortgage Professional America, Nov. 23, 2021–Candyd MendozaThe lifetime default risk of US-backed mortgages rose in the second quarter of 2021 as less-risky refinance loans continued to dwindle, according to the …