Benzinga, Mar. 31, 2022–Phil HallCompared to other sectors of the wider economy, the housing and mortgage industries have traditionally been slower to embrace cutting-edge technologies and digital solutions. A myriad …
Category: Top National News
Federal Reserve Warns of ‘Brewing U.S. Housing Bubble’
CBS News, March 31, 2022–Aimee PicchiThe Federal Reserve Bank of Dallas cautioned that the market is showing “signs of a brewing U.S. housing bubble.”https://www.cbsnews.com/news/housing-bubble-2022-federal-reserve-warning/
Can Home Prices and Interest Rates Soar at the Same Time?
New York Times, Mar. 31, 2022–Emily Badger, Quoctrung BuiIn normal times, rising mortgage rates are supposed to help cool housing prices. But it’s possible for now that both measures will …
Getting a Mortgage Gets a Little Easier
Wall Street Journal, Mar. 30, 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 …
As Mortgage Rates Soar, ReFis Crash
Credit Union Times, Mar. 30, 2022–Jim DuPlessisMortgage applications last week were 6% lower in value and numbers than the previous week and down 29% in value from a year earlier …
Opinion ‘Bite’ Must Accompany the ‘Bark’ of Affordable Housing Support
National Mortgage News, Mar. 30, 2022–Rob Chrane (subscription)Among Wells Fargo EVP and Head of Home Lending Kristy Fercho’s first moves as incoming chair of the Mortgage Bankers Association was launching …
Can Home Prices and Interest Rates Soar at the Same Time?
New York Times, Mar. 31, 2022–Emily Badger and Quoctrung Bui (subscription)It’s getting more expensive by the moment to buy a home in America. Mortgage interest rates, historically low during most …
U.S. SEC Proposes Boosting Blank-Check Company Disclosures, Liability
Reuters, Mar. 30, 2022–Michelle PriceWall Street’s regulator on Wednesday unveiled a draft new rule to enhance blank-check company investor disclosures and to strip them of a legal protection which critics …
Fannie Mae COO To Resign in April
National Mortgage Professional, Mar. 30, 2022–David KrechevskyThe revolving door at Fannie Mae continues to spin, with the government-sponsored enterprise notifying federal officials Tuesday that Chief Operating Officer Kimberly H. Johnson …
Mortgage Refinance Demand Plunges 60%, as Rates Hit Their Highest Level Since 2018
CNBC, Mar. 30, 2022–Diana OlickTotal mortgage application volume decreased 6.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. This, as the average …