Multi-Housing News, Apr. 21, 2022–Lew SichelmanCould the rush of institutional investors into single-family rentals have run its course at the hands of higher borrowing costs?https://www.multihousingnews.com/could-cost-of-capital-slow-sfrs/
Category: Top National News
Wells Fargo Denies Accusation of Racism in its Judge Transfer Request
American Banker, Apr. 21, 2022–Andrew Martinez (subscription)The public statements come after Wells Fargo’s request this week to reassign the class action lawsuit to another federal judge. The complaint accuses the …
Can 3-D Printed Homes Help Solve the Housing Crisis?
HousingWire, Apr. 21, 2022–Andrew Blake (subscription)Jason Ballard, the CEO and co-founder of Icon, a 3D home printing company in Austin, Texas, has a sweeping vision. “In the future, neighborhoods and …
Large Data Breaches Reported by Multiple Mortgage Firms
National Mortgage News, Apr. 20, 2022–Andrew Martinez (subscription)In the past month, a number of mortgage firms have disclosed cyberattacks affecting a combined hundreds of thousands of customers, amid reports of …
1 In 5 Homebuyers Have Used Alternative Financing: Survey
National Mortgage Professional, Apr. 21, 2022–Steven GoodeAlternative financing has been used by 36 million homebuyers, including 7 million who are currently using the practice to purchase a home. That amounts …
Fed’s Jerome Powell Seals Expectations of Half-Point Rate Rise in May
Wall Street Journal, Apr. 21, 2022–Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell signaled the central bank was likely to raise interest rates by a half percentage point at its meeting …
What Can Be Done About the Global Housing Crisis? Plenty
Wired magazine, Apr. 21, 2022–Chris Stokel-WalkerThe lack of homes in major cities is endemic, but solutions exist–providing countries can muster the political capital.https://www.wired.com/story/housing-crisis-rental-idea/
As Nonbanks Falter, Warehouse Giant Texas Capital Works to Diversify
Texas Capital Bank, one of the largest financiers of nonbanks in the nation, is in the midst of diversifying its activities due to a significant slowdown in the warehouse lending …
Housing Beat: Mortgage Rates Break The 5% Level; Buyers Settle On Smaller Homes
Benzinga, Apr. 21, 2022–Phil HallThe latest U.S. housing and mortgage data points to rates continuing their dizzying rise, fewer homes being sold and prospective buyers agreeing to purchase smaller properties.https://www.benzinga.com/news/22/04/26740280/housing-beat-mortgage-rates-break-the-5-level-buyers-settle-on-smaller-homes
Mortgage Rates March Higher, Stoked by Rising Treasury Yields
Washington Post, Apr. 21 2022–Kathy OrtonWhat a difference a year makes. A year ago, you could find a 30-year fixed rate mortgage for under 3 percent. Today, it is over …