HousingWire, Apr. 5, 2022–Georgia KromreiIn a morning session, the Senate narrowly voted to advance Julia Gordon’s nomination to be federal housing commissioner. Vice President Kamala Harris’ vote broke a tie, …
Category: Top National News
Federal Home Loan Banks’ Purpose Called Into Question as Advances Drop
National Mortgage News, Apr. 4, 2022–Kate Berry (subscription)As banks rack up record levels of deposits, the Federal Home Loan banks’ core business of providing liquidity to member institutions is drying …
Mortgage Incumbents Have Two Fintech Choices In 2022: Use Or Lose
Forbes, Apr. 5, 2022–Joe WeluThe author, CEO and Founder of Total Expert, says the advance of fintech entrants, though, has set up two diverging groups of mortgage lenders: those who …
R.I. Bill Would Ban ‘Love Letters’ from Prospective Homebuyers
Boston Globe, Apr. 5, 2022–Edward FitzpatrickIn Rhode Island, a state legislator has introduced a bill that would prohibit a seller’s agent from receiving “love letters” when accepting offers to purchase …
Biden Administration Expects to Expand Student Loan Pause This Week
The Hill, Apr. 5, 2022–Alex Gangitano, Hanna TrudoThe announcement could come as soon as Wednesday and would extend the moratorium on federal student loan payments and interest accrual past the …
A Tough Year for ARM Production but That Could Change
Inside Mortgage Finance, Apr. 5, 2022–Brandon IveyOriginations of adjustable-rate mortgages declined in the fourth quarter as interest rate trends incentivized borrowers to select fixed-rate mortgages over ARMs.https://www.insidemortgagefinance.com/articles/224217-a-tough-year-for-arm-production-but-that-could-change?v=preview
Crypto Mortgages Test Home Buyers’ Appetite in Digital-Currency World
Wall Street Journal, Apr. 5, 2022–Deborah Acosta (subscription)Miami firms now offer home loans in crypto, but many traditional lenders doubt such practice will gain scale.https://www.wsj.com/articles/crypto-mortgages-test-home-buyers-appetite-in-digital-currency-world-11649167203
Report: Home Buyer Demand Shows Signs of Slowing
Washington Post, Apr. 5, 2022–Michele LernerThe one-two punch of rapid home price increases and a sharp rise in mortgage rates is beginning to push some prospective home buyers out of …
Building a More Diverse Future
The M Report, Apr. 5, 2022–Eric C. PeckHomeownership can be a way to build generational wealth for families, but there are significant barriers to entry, especially in today’s high-priced and …
Manhattan Residential Real Estate Sales Hit a Record $7.3 Billion in the First Quarter
The Bharat Express News, Apr. 5, 2022Manhattan residential real estate sales topped $7 billion in the first quarter, marking the strongest start to the year on record, with the market …