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
Category: Top National News
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 …
Treading Cautiously, Developers Ramp Up New Seniors Housing Projects
Wealth Management Real Estate, Apr. 15, 2022–Bendix AndersonAlthough some pressures remain, with vacancy rates starting to fall and other fundamentals stabilizing, seniors housing developers are looking to push new projects …
Prime Farmland in Ontario, Calif., is Being Overtaken by Warehouses
National Public Radio, Apr. 15, 2022–Gloria HillardEast of Los Angeles, giant warehouses and distribution centers are replacing farms in an area known as the Inland Empire. The logistics industry is …
Odd Lots: Inflation Frustration, On Time, Ukraine, Millions
The Housing Scene (UExpress), Apr. 15, 2022–Lew SichelmanWits’ End would make an appropriate name for a new subdivision in today’s wild housing market. But even though there’s no such place …
Reverse Mortgage Knockoff Available for Seniors 55 and Over
Orange County Register, Apr. 14, 2022–Jeff LazersonA good solution for some could be an interesting mortgage hybrid that takes baby steps to a reverse mortgage. It’s available for those age …
Mortgage Apps for New Home Purchases Decreased in March
NEXT, Apr. 15, 2022The Mortgage Banker’s Association reported a 5% year-over-year decrease in mortgage applications for new home purchases in March, according to its latest Builder Application Survey, while growth …
Higher Mortgage Rates Aren’t Stalling Home Prices — Here’s Why
Union-Bulletin (Walla Walla, Wash.), Apr. 14, 2022–Zach WichterWhile experts expect a variety of factors — including rising mortgage rates — to slow home price growth this year, buyers still need …