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 …
Category: Top National News
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 …
Soaring Interest Rates Weigh on Big Bank Mortgage Loan Growth
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 …
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 …
