Reuters, Apr. 18, 2022–Elizabeth Dilts Marshall, Michelle PriceWhile rate rises can be good for bank profits, the surge in borrowing costs is dampening demand for mortgage originations, according to Mortgage …
Category: Top National News
Homeowner Groups Seek to Stop Investors From Buying Houses to Rent
Wall Street Journal, Apr. 18, 2022–Will Parker and Nicole Friedman (subscription)Small groups of neighborhood volunteers are blocking companies from buying single-family homes, rewriting homeownership rulebooks to thwart investor purchases of …
Bank Stocks Have to Reckon With the Downside of Higher Rates
Wall Street Journal, Apr. 18, 2022–Telis Demos (subscription)Rising interest rates have many benefits for banks, but some of the burdens are front and center nowhttps://www.wsj.com/articles/bank-stocks-have-to-reckon-with-the-downside-of-higher-rates-11
Opportunity Zone Funds Boosting Surge in U.S. Multifamily Construction
Urban Land magazine, Apr. 18, 2022–H. Lee MurphyOut of the wreckage of the COVID-19 pandemic, Qualified Opportunity Zone funds accelerated last year, with nearly $7 billion in new capital raised …
U.S. Bond Market Gives Notice It’s No Longer a One-Way Street
Bloomberg, Apr. 17, 2022–Liz McCormick, Michael Mackenzie (subscription)Traders of U.S. government debt were dealt a stern reminder last week not to sleep on a market that’s been headed in one …
Here’s How Much the Same Mortgage Costs Now, Compared to Last Year
CNBC, Apr. 16, 2022–Mike Wintersor a home worth $408,100 — the median home price in the U.S. — with a 20% down payment, 30-year fixed mortgage and a 5% interest …
Play Ball! Rocket Mortgage, LoanDepot and More Talk Sports Marketing
National Mortgage News, Apr. 15, 2022–Spencer Lee (subscription)From bass fishing to the Super Bowl, lenders see a large pool of consumers they can reach through athletic sponsorships.https://www.nationalmortgagenews.com/news/rocket-mortgage-and-loandepot-talk-sports-marketing
Wells Fargo Details Programs To Improve Minority Homeownership
National Mortgage Professional, Apr. 14, 2022–Doug PageThe Wells Fargo Foundation will spend $60 million to help 40,000 prospective minority homeowners buy homes through what it’s calling “Wealth Opportunities Restored through …
Biden to Nominate Michael Barr as Top Fed Banking Regulator
Wall Street Journal, Apr. 15, 2022–Andrew Restuccia, Andrew Duehren (subscription)President Biden will nominate Michael Barr, a former Treasury Department official, to serve as the Federal Reserve’s top banking regulator, the …
Expanded-Credit Deals Prop Up RMBS Issuance in 1Q22, Prime Jumbo Fades
Inside Mortgage Finance, Apr. 15, 2022–John BancroftThe non-agency MBS market got off to a sluggish start in 2022 due to a slump in the scratch-and-dent sector and faltering prime MBS …