Inside Mortgage Finance, Mar. 28, 2022–John BancroftFannie Mae and Freddie Mac reported $2.97 billion of seller repurchases in 2021, the largest annual volume in years, according to an exclusive Inside …
Category: Top National News
The Big Nonbanks Stir Up a Non-QM Turf War
HousingWire Plus, Mar. 28, 2022–Bill Conroy (subscription)Legacy non-QM lenders say that many new entrants will find the sector challenging from an operational perspective.https://www.housingwire.com/articles/the-big-nonbanks-stir-up-a-non-qm-turf-war/
New York Bill Could Chill Lending
National Mortgage Professioanl, Mar. 28, 2022–Steven GoodeThe New York State Legislature is expected to pass a bill that mortgage lenders and servicers believe will make it almost impossible for them …
How Mortgage Lenders are Approaching a Changed Spring Season
National Mortgage News, Mar. 28, 2022–Andrew Martinez (subscription)As they head into the spring, mortgage lenders, brokers and experts predict a busy, competitive landscape but say more non-QM loans will fill …
The Housing Market is About to Get More Dysfunctional
Axios.com, Mar. 28, 2022–Neil IrwinThe U.S. housing market this spring selling season is looking like a multicar collision, a result of powerful forces crashing into each other.https://www.axios.com/housing-market-dysfunctional-51a41204-3928-4918-98c6-f6dfaeb79bc3.html
Homeowners Spin Soaring Prices Into U.S. Real Estate Riches
Bloomberg, Mar. 25, 2022–Prashant GopalSoaring prices have showered property owners with record equity windfalls, sending cash-out refinancings to levels not seen since the peak of mid-2000s housing frenzy. For some …
Pennymac to Lay Off 236 Employees
HousingWire Mar. 25, 2022–Flavia Furlan NunesPink slips will arrive for 236 employees at six different offices in five California cities, with the expected date of separation on May 6, the …
Investors Are Buying Mobile Home Parks. Residents Are Paying a Price
New York Times, Mar. 27, 2022–Sophie KasakoveAcross the country, corporate landlords are expanding manufactured housing portfolios and driving up rents, pushing longtime residents out.https://www.nytimes.com/2022/03/27/us/mobile-home-park-ownership-costs.html?campaign_id=2&emc=edit_th_20220327&instance_id=56856&nl=todaysheadlines®i_id=42063674&segment_id=86700&user_id=e670283fb4fff3d4391d6f88569ad498
How The Pandemic Gave Commercial Real Estate Tenants The Upper Hand
CBS News, Mar. 25, 2022–Megan CerulloThe COVID-19 pandemic has changed the nature of commercial real estate negotiations, shifting some of landlords’ long-held leverage to tenants as cities across the U.S. …
Homeowners Have ‘No Incentive to Refinance’ as Borrowing Rates Soar
National Mortgage Professional, Mar. 25, 2022–Micah GuiaoLess than 5% of homeowners will be able to save money by refinancing a mortgage as borrowing rates soar to their highest level since …