Washington Post, Apr. 7, 2022–Kathy OrtonIt has been nearly three decades since mortgage rates spiked this quickly. And there’s no indication they are going to slow down anytime soon. According …
Category: Top National News
The Correction is Here: 1Q22 MBS Issuance Down 37%
Inside Mortgage Finance, Apr. 7, 2022–John BancroftMortgage lenders delivered $611.73 billion of single-family loans into the agency secondary market in the first three months of 2022, the lowest quarterly volume …
Housing Beat: Mortgage Rates Keep Climbing; Disney’s Affordable Housing Project
Benzinga, Apr. 7, 2022–Phil HallAs mortgage rates were rising, mortgage applications were going in the opposite direction. The latest data from the Mortgage Bankers Association saw a 6.3% decrease for …
Here’s Exactly How Much Income Homebuyers are Coming to the Table with Now
MarketWath, Apr. 7, 2022–Alisa Wolfson“Homebuyer affordability has decreased due to the quick rise in mortgage rates amidst steep home-price growth,” Edward Seiler, Mortgage Bankers Association’s associate vice president of housing …
More Signs of a Troubled Housing Market Emerge
TheStreet, Apr. 6, 2022–Dan WeilData from the Mortgage Bankers Association show negative developments surrounding mortgages.https://www.thestreet.com/investing/signs-troubled-housing-market
As Mortgage Rates Rise, Home Sellers Fear Time is Running Out to Cash In
Wall Street Journal, Apr. 7, 2022–Veronica Dagher (subscription)Blood pressure is now rising along with home prices and mortgage rates as homeowners fear missing out on the right moment to stake …
Homebuyers Beware: Wall Street Predicts a Barrage of Mega Interest-Rate Hikes Just as Mortgage Costs Begin to Soar
Fortune magazine, Apr. 7, 2022–Bernhard WarnerBofA Securities now predicts the Federal Reserve will trigger a series of three consecutive 50-basis point hikes at the May, June and July meetings. After …
CFPB Files Amicus Brief in Wells Fargo Servicing Lawsuit
National Mortgage News, Apr. 5, 2022–Bonnie Sinnock (subscription)The CFPB argued that borrowers in the case of McCoy v. Wells Fargo had a right to answers that the bank had declined …
Fed Signals Half-Percentage-Point Increases Could Be Warranted at Coming Meetings
Wall Street Journal, Apr. 6, 2022–Nick Timiraos (subscription)Federal Reserve officials last month strongly considered raising rates by a half-percentage point and neared agreement on a plan to reduce their bondholdings …
Mortgage Builder Rebrands To Constellation Mortgage Solutions
National Mortgage Professional, Apr. 6, 2022–David KrechevskyThe move follows Constellation Software’s acquisitions of Mortgage Builder in 2019 and ReverseVision earlier this year.https://nationalmortgageprofessional.com/news/mortgage-builder-rebrands-constellation-mortgage-solutions