WCNC (Charlotte, N.C.), Apr. 11, 2022–Ben ThompsonIs the housing market finally cooling off? For nearly two years, homebuyers have been faced with stiff competition and forced to shell out thousands …
Category: Top National News
U.S. Bank Earnings to Decline in First Quarter
Reuters, Apr. 8, 2022–David HenryBig U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong dealmaking and …
A Big Leadership Shakeup at Fannie Mae
HousingWire, Apr. 8, 2022–Georgia KromreiFannie Mae CEO Hugh Frater and Sheila Bair, the chair of its board, both announced they will resign from the mortgage finance behemoth May 1. Antony …
Features That May Keep Your Residents
Multi-Housing News, Apr. 8, 2022–Lew SichelmanApartment builders might want to take a hint from the popular World War I song, “How Ya Gonna Keep ‘em Down on the Farm (After …
Rising Mortgage Rates Throw Complicated Wrench in Market
Newser, Apr. 8, 2022–John Johnson“The general view of the housing market is that it’s still positive—we have an economy that’s still extremely strong,” Joel Kan of the Mortgage Bankers Association …
Early Signs of Cooling Housing Market Seen in Some U.S. Cities, Redfin Says
Reuters, Apr. 8, 2022–Ann SaphirThere are early signs of a cooldown in some of the hottest corners of the U.S. housing market, Redfin said in a report on Friday, a …
Ocwen-CFPB Case Sent Back to Lower Court
National Mortgage News, Apr. 8, 2022–Brad Finkelstein (subscription)In a ruling that splits the differences in a long-running legal battle between the positions of Ocwen and the Consumer Financial Protection Bureau, …
Homebuyers Get Desperate in Overheated U.S. Spring Sales Season
Bloomberg, Apr. 8, 2022–Prashant GopalSoaring mortgage rates and prices are fueling a rush to seal a deal in market where competition for houses is intense.https://www.bloomberg.com/news/articles/2022-04-08/soaring-mortgage-rates-and-home-prices-fuel-desperation-for-u-s-homebuyers
Overall Mortgage Credit Is Tightening
National Mortgage Professional, Apr. 8, 2022–Keith GriffinMortgage credit is tightening — and it’s not. The Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) decreased in March overall, but certain categories …
The New Risk to the Housing Market
Politico, Apr. 8, 2022–Katy O’Donnell, Aubree Eilza Weaver“Rising [mortgage] rates have certainly added to an already challenging market in terms of affordability, but our forecast is still for a pretty …