Inside Mortgage Finance, Apr. 19, 2022–Paul MuoloAnother shoe dropped at mortgage fintech Better.com early this week, with the privately held nonbank revealing what one observer called a “significant” round of …
Category: Top National News
‘Yes In My Backyard’ Movement Goes Mainstream in Response to High Housing Costs
Wall Street Journal, Apr. 19, 2022–Christine Mai-Duc (subscription)A special election Tuesday for a state Assembly seat in San Francisco is largely centered around an increasingly potent issue in California: Which …
Outlook for Big Box Remains Strong Despite Headwinds
GlobeSt.com, Apr. 19, 2022–Lynn PollackThe outlook for the industrial big box sector remains strong despite headwinds that include scarcity of suitable land, skyrocketing rents and ongoing supply chain woes.https://www.globest.com/2022/04/19/outlook-for-big-box-remains-strong-despite-headwinds/?
The Fight to Standardize Educational Training for LOs
HousingWire, Apr. 19, 2022–Maria VolkovaThe raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank–originate a purchase mortgage …
MBA Lowers Commercial Real Estate Forecast as Many CUs Thrive
Credit Union Times, Apr. 18, 2022–Jim DuPlessisCredit unions kept pace with other lenders last year when gains were strong for commercial real estate loans, but the Mortgage Bankers Association on …
Commercial Borrowing Less Affected by Higher Rates, Economic Uncertainty
MortgageOrb, Apr. 19, 2022–Ariana FineTotal commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in 2022, roughly in line …
loanDepot #1 Among Contributors of Loans to Prime Non-Agency MBS
Inside Mortgage Finance, Apr. 18, 2022–Brandon IveyloanDepot was the top originator of prime mortgages that went into non-agency MBS issued during 1Q22, with $2.61 billion in contributions. Last year, the …
U.S. Homebuyers Are Getting Discouraged by Rising Rates and Prices
Bloomberg, Apr. 18, 2022–Jonnelle MartePotential homebuyers are getting discouraged by rising mortgage rates and home prices, according to a survey released on Monday by the New York Federal Reserve.https://www.bloomberg.com/news/articles/2022-04-18/home-buyers-discouraged-by-rising-rates-prices-in-ny-fed-survey?srnd=premium
Consumer Lending Boosts Bank of America’s 1Q Earnings
National Mortgage Professional, Apr. 18, 2022–David KrechevskyBofA reported net earnings of $7.1 billion, or 80 cents per diluted share, topping the 75 cents per share forecast by analysts surveyed by …
Home Prices Surged by 20% over Last Year in Q1: Fannie Mae
National Mortgage News, Apr. 18, 2022–Spencer Lee (subscription)In the first quarter, housing prices shot up by a record-high 20% compared to the same period a year before, with concerns about …