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 …
Category: Top National News
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
Surging Interest Rates Push Mortgage Demand Down More than 40% from a Year Ago
CNBC, Apr. 6, 2022–Diana OlickRising interest rates are crushing the mortgage market, as precious few homeowners can now benefit from a refinance and more potential homebuyers become priced out. Total …
Black Knight Exploring a Potential Sale Following Takeover Interest
Bloomberg, Apr. 5, 2022–Ed Hammond, Liana Baker, Kiel PorterMortgage lending software and analytics provider Black Knight Inc. is exploring a potential sale after receiving takeover interest, according to people familiar …
Biden Extends Student Loan Freeze through August
The Hill, Apr. 6, 2022–Alex GangitanoThe freeze was set to lapse on May 1 per an extension signed by Biden in December, and the White House was under pressure by …
Some Would-Be Homeowners Are Being Squeezed Out of the Housing Market
National Public Radio, Apr. 6, 2022–Leila FadelNPR’s Leila Fadel spoke to Axios Chief Economic Correspondent Neil Irwin about what is causing the hot home-selling season this spring.https://www.npr.org/2022/04/06/1091199381/some-would-be-homeowners-are-being-squeezed-out-of-the-housing-market
Watch These Overvalued Housing Markets as Home Price Growth Begins to Decelerate, CoreLogic Says
Fortune magazine, Apr. 6, 2022–Lance LambertOn Monday, CoreLogic said home price growth is about to decelerate—by a lot.https://fortune.com/2022/04/06/overvalued-housing-markets-home-prices-mortgage-rates-corelogic/