Inside Mortgage Finance, Nov. 23, 2021–Brandon IveyResidential lenders originated roughly $168.0 billion of non-agency jumbo mortgages in the third quarter, up 6.3% from the April-June cycle, according to a new …
Category: Top National News
Second Term For Powell, Brainard to Be Fed Vice Chair
HousingWire, Nov. 22, 2021–Georgia KromreiPresident Joe Biden nominated Jerome Powell for a second term as Federal Reserve chair, and elevated Lael Brainard to vice chair, the No. 2 position at …
Housing Market Potential Strengthens Modestly
National Mortgage Professional, Nov. 22, 2021–Navi PersaudFirst American Financial Corp.’s Potential Home Sales Model for October reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation …
High Home Prices, Fewer Refinances Drove 2021 Mortgage Risk Growth
National Mortgage News, Nov. 22, 2021–Paul Centopani (subscription)As refinancing volumes generally declined through 2021 and buyers snapped up homes despite exorbitant price appreciation, default risk shot up in the second …
A New Warehouse Record and a Handful of New Entrants
Inside Mortgage Finance, Nov. 22, 2021–Paul MuoloWarehouse financiers ended the third quarter with a record $147.0 billion of commitments on their books, a sequential improvement of just 2.1% and a …
Multifamily Lending Robust in Q3
Multi-Housing News, Nov. 22, 2021–Jamie WoodwellMBA Vice President of Commercial/Multifamily breaks down MBA Quarterly Survey of Commercial/Multifamily Originations.https://www.multihousingnews.com/multifamily-lending-robust-in-q3/
Hey, I Want to Buy Your House: Homeowners Besieged by Unsolicited Offers
NPR, Nov. 20, 2021–Chris Arnold The blistering housing market is causing countless individual speculators, real estate agents and some more predatory outfits to contact homeowners on the slim chance they …
VA Hikes Appraisal Fees, Turn Times in Select Markets
HousingWire, Nov. 19, 2021–Georgia KromreiThe Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for …
Home Prices Are Surging. The Manufactured-Housing Industry Sees an Opening
Wall Street Journal, Nov. 21, 2021–Ben Eisen, Nicole Friedman (subscription)Some lenders and advocates think factory-built homes are a solution to the U.S. housing crunch.https://www.wsj.com/articles/home-prices-are-surging-the-manufactured-housing-industry-sees-an-opening-11637490602?mod=hp_lead_pos9
MBA CEO Expects 4% Mortgage Rates by End of 2022
Bloomberg Markets, Nov. 19, 2021MBA President & CEO Robert Broeksmit, CMB, appears on Bloomberg Markets; tells Alix Steel and Amanda Lang mortgage rates will probably continue to rise and says …