Inside Mortgage Finance, Apr. 1, 2022–Paul MuoloThe job loss carnage expected in the mortgage industry has yet to show up in the government’s latest employment tally. In fact, according to …
Category: Top National News
Help With Down Payments Available
The Housing Scene (UExpress), Apr. 1, 2022–Lew SichelmanLawmakers in Washington have earmarked billions of dollars for down payment assistance for first-time homebuyers as part of the Build Back Better legislative …
CFPB’s Questions to Banks Suggest New Frontiers in Fair-Lending Scrutiny
American Banker, Mar. 31, 2022–Jon Prior (subscription)Questionnaires sent to banks in recent months seek information about loans to same-sex couples, women on maternity leave and people with limited English proficiency. …
Corporate Landlords are Gobbling up U.S. Suburbs. These Homeowners are Fighting Back
Washington Post, Mar. 31, 2022–Peter Whoriskey, Kevin SchaulUsing authority that lets them punish homeowners who fail to cut the grass, one predominantly Black neighborhood in North Carolina slows the pace …
Could Mortgage Rates Soon Hit 5%? We’re Not that Far Off
Orange County Register, Mar. 31, 2022–Jeff LazersonHome buyers needing financing may have hit a pay wall as mortgage rates rise more than one percentage point in just eight weeks. Applications …
Soaring Mortgage Rates in U.S. Dent Demand for Vacation Homes
Bloomberg, Mar. 31, 2022–Jo ConstanzAfter a pandemic buying frenzy, mortgage-rate locks to buy second homes dropped last month to the lowest level since May 2020, according to a report by …
Mortgage Rates Hit Highs Not Seen Since 2018
Washington Post, Mar. 31, 2022–Kathy OrtonMortgage rates’ rapid rise continued unabated this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.67 …
Getting a Mortgage Gets a Little Easier
Wall Street Journal, Mar. 31, 2022–Orla McCaffrey (subscription)Mortgage credit availability, a measure of lenders’ willingness to issue home loans, rose in February to its highest level since last May, according …
A Large GSE MSR Package Hits the Auction Circuit
Inside Mortgage Finance, Mar. 31, 2022–Paul MuoloIncenter Mortgage Advisors is in the market with a $7.03 billion package of Fannie Mae and Freddie Mac bulk mortgage servicing rights, marking one …
Housing Beat: Records Broken For Single-Family And Condo Prices; The ‘R’ Word Gets Raised
Benzinga, Mar. 31, 2022–Phil HallWhile rates increased, applications for home loans declined. The Mortgage Bankers Association reported a 6.8% decline in mortgage applications for the week ending March 25.https://www.benzinga.com/news/22/03/26399489/housing-beat-records-broken-for-single-family-and-condo-prices-the-r-word-gets-raised