Bloomberg, Mar. 29, 2022–Andrew Husby, Anna WongInflation will mean the average U.S. household has to spend an extra $5,200 this year ($433 per month) compared to last year for the …
Category: Top National News
Inside the Government’s Feeble Fight to End Redlining
HousingWire, Mar. 29, 2022–Georgia KromrieThe racial homeownership gap is now wider than it was in 1890. What is not widely known is the role federal banking regulators play in letting …
Mortgage-Related Fraud Indicators Rose By Over 65% in 2021
National Mortgage News, Mar. 29, 2022–Bonnie Sinnock (subscription)Suspicious activity reports filed by the government-sponsored enterprises, along with loan and finance companies, rose sharply in the past year, according to the …
Number of Homeowners That Could Benefit From Mortgage Refinance Drops to 2 Million, Black Knight Says
Fox Business, Mar. 29, 2022–Kelsey RamirezMany homeowners are beginning to lose the incentive to refinance their mortgage amid rising rates, according to mortgage technology and data provider Black Knight, meaning …
Mortgage Firms’ Antidote to Rising Rates
Wall Street Journal, Mar. 29, 2022–Telis Demos (subscription)Mortgage companies have a not-so-secret weapon as they deal with rising interest rates and decreasing volumes: Mortgage-servicing rights.https://www.wsj.com/articles/mortgage-firms-antidote-to-rising-rates-11648551600?
Consumer Watchdog Wants Repeat Offender Banks Stripped of Licenses
New York Times, Mar. 28, 2022–Emily FlitterNaming names, Rohit Chopra says big banks and other companies that break rules multiple times should face long-lasting consequences.https://www.nytimes.com/2022/03/28/business/cfpb-banks-regulation.html?campaign_id=2&emc=edit_th_20220329&instance_id=57002&nl=todaysheadlines®i_id=42063674&segment_id=86868&user_id=e670283fb4fff3d4391d6f88569ad498
Germany’s Favorite Hedge Against Inflation? Real Estate
Bloomberg/Washington Post, March 29, 2022–Chris BryantGermans are already predisposed to worrying about inflation. So we’ll likely see more Germans plough spare cash into housing, evocatively known here as Betongold–or concrete …
It May be Now or Never for Spring Homebuyers Amid Rising Prices and Higher Mortgage Rates
U.S. News & World Report, March 29, 2022–Tim SmartIt’s spring and that means the annual homebuying season is in full bloom. But after two years of an unprecedented housing market, …
‘Thousands of Potential Race-Related Flags’: Biden Administration Wants to Root Out Racial Bias in Home Appraisals–But Research Suggests It’s Endemic
MarketWatch, March 28, 2022–Jacob PassyThe Biden administration has laid out a sweeping plan that aims to increase oversight of the real-estate appraisal industry in an effort to reduce the frequency …
The Crisis In Housing, Part 1: A Lopsided Market
Benzinga, Mar. 28, 2022–Phil HallThe factors that gave the housing market the appearance of strength seem warped and off-kilter upon deeper examination while the fissures snaking through its foundations begin …